# Meraki

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meraki

- Industry: IT Infrastructure
- Headquarters: San Francisco, US
- Website: www.meraki.com
- Total disclosed funding: $81M
- Latest round: Series D (Jun 18, 2012)
- Investors on record: 5

## About

Meraki, LLC delivers cloud-managed IT solutions that enhance connectivity and security for businesses globally. Their innovative technology empowers organizations to efficiently manage networks through a centralized dashboard interface.Founded in 2006, Meraki, LLC operates from its headquarters in San Francisco, US, specializing in cloud-managed IT solutions. The company was acquired by Cisco Systems, Inc. in November 2012 for USD 1.2 billion, which yielded USD 400 million for Sequoia Capital. The founders include Gregory Borges, Nimra Shahzad, and Vikram Bhave, while CEO Shonda Webb oversees operations.Cisco Meraki specializes in cloud-managed IT solutions, providing a comprehensive suite of products designed to enhance connectivity and security across diverse environments. Their core offerings include wireless access points, switches, security appliances, mobile device management, smart cameras, and IoT devices, all functioning under a cohesive Meraki Dashboard platform. This dashboard serves as a centralized interface for monitoring, managing, and optimizing network performance, which is especially critical for businesses adapting to hybrid workforces and remote operations. The company targets various industries, including financial services, healthcare, education, and retail, serving a diverse client base that includes local governments, educational institutions, and large enterprises across global markets such as North America, Europe, and Asia-Pacific. The solutions aim to solve common challenges such as network reliability, security threats, and operational inefficiencies, ultimately enhancing the user experience for businesses and their end-users in a rapidly evolving digital landscape.Cisco Meraki’s revenue model is structured around subscription-based services, allowing clients to access their cloud-managed IT solutions through various pricing plans that cater to individual business needs. This typically involves annual subscriptions for network hardware and software, enabling clients to scale their services according to their specific requirements. Transactions occur directly between Cisco Meraki and its clients, primarily in a B2B context, where businesses implement these technologies to enhance their operational capabilities and security measures. The company’s flagship products, such as their wireless access points and security appliances, are integral to this model, as they not only provide immediate connectivity solutions but also include ongoing support and software updates as part of the subscription. The combination of hardware sales and subscription services establishes a stable revenue stream, fostering long-term relationships with clients across various sectors.Following the acquisition by Cisco, Meraki is positioned for strategic growth utilizing the robust resources of its parent company. The funding received from the acquisition will facilitate further innovation and development of new products designed for enhanced network management and security. Specific new products are being designed to meet the evolving needs of a diverse client base. The focus will be on expanding into international markets, particularly targeting Europe and Asia-Pacific regions in the coming years. The combination of Cisco's extensive distribution channels and Meraki's innovative solutions aims to increase their market share and strengthen their position in the IT solutions sector.

## Funding rounds

- Series D, Jun 18, 2012, $41M — Hong Shan, Northgate Capital
- Series C, Dec 31, 2010, $15M — Hong Shan
- Series B, Jan 4, 2008, $20M — Hong Shan, DAG Ventures, Northgate Capital
- Series A, Feb 5, 2007, $5.9M — Hong Shan
- Seed, Dec 1, 2006 — Felicis Ventures, Alphabet

## Investors

- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed
- Alphabet — Seed
- Hong Shan — Series A, Series B, Series C, Series D
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series B
- Northgate Capital (https://capitalatlas.ai/funds/northgate-capital) — Series B, Series D