-28%

est. 2Y upside i

DevOps & InfraSeries C

Meter provides internet infrastructure for businesses. Headquartered in San Francisco, we were founded in 2015 to build enterprise-grade networks that are faster, more accessible, and more secure. Our full-stack approach combines hardware, software, and operations so that any company can seamlessly run on a reliable and modern network.

Rank

#2910

Sector

Enterprise Software / Cloud & Networking Infrastructure

Est. Liquidity

~4Y

Data Quality

Data: Medium

Equity upside is negative across all scenarios due to extreme multiple compression from a 78x forward revenue valuation.

Last updated: July 3, 2026

Bull (10%)+47%

IPO window or category leadership drives multiple expansion to 15x projected revenue of $215M, yielding a $3.2B exit. Strong moat and $100M partner fund support sustained 300% growth decay.

Base (45%)-9%

Multiple converges to 10x forward revenue, valuing the company at $2.1B. Growth decays as expected, but competitive pressure from Cisco Meraki limits upside.

Bear (45%)-64%

Multiple compresses to 5x forward revenue due to incumbent dominance and slowing growth, yielding a $1.07B exit. Preference stack of $315M provides no common recovery.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

16%

1x non-participating preferred totals $315M, representing 16.3% of current valuation.

Dilution Risk

high

Company's high capital intensity and recent fund raise suggest additional dilution in 24 months, estimated at 20%.

Secondary Liquidity

moderate

Secondary market exists with implied valuation at $1.93B, but liquidity may be limited.

Business — 43 roles

Engineering — 22 roles

View all 65 open roles at Meter →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Meter's data — designed to show you've done your homework.

  • 1

    “How does Meter plan to compete with Cisco Meraki's dominant market position?”

  • 2

    “What drives the subscription pricing based on square footage, and how does it scale with customer growth?”

  • 3

    “Given the high valuation multiple, how do you assess the risk of dilution from future funding rounds?”

Community

Valuation Sentiment

Our model estimates -28% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.