Meraki raises $5M to “connect the next billion people”
Want a dirt cheap Internet connection for everyone in your apartment building? Meraki Networks offers a way.
The Mountain View start-up provides cheap Wireless Internet connections to people by selling $49-a-piece “mesh” routers, or routers that connect with each other to extend the range of a single Internet connection. Meraki has just raised $5 million in a first round of venture capital, led by Sequoia capital. That follows under $1 million obtained from Google and other… Continue Reading
Google invests less than $1M in Meraki for indoor WiFi
Compared to other companies its size, Google makes few venture investments, preferring to buy companies outright.
However, it has invested less than $1 million into Mountain View wireless router start-up Meraki Networks, according to GigaOm.
The router is being touted as a way to extend municipal WiFi coverage indoors, and appears to be linked to Google’s efforts to create a wireless network in cities like Mountain View and San Francisco.
The router is based on wireless mesh… Continue Reading