Meru Networks Overview

  • Founded

  • 2002

Founded
  • Status

  • Acquired/​Merged

  • Employees

  • 300

Employees
  • Latest Deal Type

  • M&A

  • Latest Deal Amount

  • $41.8M

Meru Networks General Information

Description

Developer of a virtualized wireless LAN products. The company offers products which enable enterprises to deliver business-critical applications over wireless networks.

Contact Information

Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Wireless Communications Equipment
Other Industries
Wireless Service Providers
Acquirer
Fortinet
Primary Office
  • 894 Ross Drive
  • Sunnyvale, CA 94089
  • United States

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Meru Networks Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
13. Merger/Acquisition 08-Jul-2015 $41.8M 00000 000.00 Completed Generating Revenue
12. Debt - General 26-May-2015 000 00000 Completed Generating Revenue
11. Debt - General 01-Jan-2012 0000 00000 Completed Generating Revenue
10. IPO 31-Mar-2010 000.00 00000 00000 Completed Generating Revenue
9. Later Stage VC (Series E) 07-Aug-2009 000.00 00000 000.00 Completed Generating Revenue
8. Convertible Debt 30-Jun-2008 0000 000.00 Completed Generating Revenue
7. Convertible Debt 17-Jan-2008 00000 000.00 Completed Generating Revenue
6. Mezzanine 08-Jan-2008 00.000 0000 Completed Generating Revenue
5. Later Stage VC (Series D) 07-Mar-2007 $27.6M $70.8M 00000 Completed Startup
4. Later Stage VC (Series C) 14-Jun-2005 $12M $43.2M 000.00 Completed Startup
To view Meru Networks’s complete valuation and funding history, request access »

Meru Networks Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E 00,000,000 00.000000 00.00 00.0 00.00 00.0 00.000
Series D 00,000,000 00.000000 00.00 00.0 00.0 00 00.0 00.000
Series C 00,000,000 00.000000 00.0 00.00 00.00 00 00.00 000
Series B 16,783,898 $0.000500 $0.06 $0.74 $0.74 1x $0.74 12.55%
Series A 6,914,142 $0.000500 $0.33 $4.15 $2.57 0x $1.92 11.54%
To view Meru Networks’s complete cap table history, request access »

Meru Networks Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a virtualized wireless LAN products. The company offers products which enable enterprises to deliver busine
Wireless Communications Equipment
Sunnyvale, CA
300 As of 2015
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00.00 0000-00-00
000000&0 00000

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elit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupida
00 0000000000 000 00
San Jose, CA
00000 As of 0000
00.00
000000 - 000 00.00

00000

mmodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse
0000000 0000000000 0
Santa Clara, CA
0000 As of 0000
00000
0.00 0000-00-00
000000&0 00000
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Meru Networks Competitors (2)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Cisco Systems Corporation San Jose, CA 00000 00.00 000000 - 000 00.00
00000 00000000 Formerly VC-backed Santa Clara, CA 0000 00000 000000&0 00000
You’re viewing 2 of 2 competitors. Get the full list »

Meru Networks Patents

  • 1

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 000

    Granted

  • 000

    Pending

  • 000

    Expiring in next 12 mo

Meru Networks Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-6418549-B1 Data transmission using arithmetic coding based continuous error detection Inactive 30-Oct-1998 000000000

Meru Networks Executive Team (13)

Name Title Board Seat Contact Info
J. McGlynn Secretary
Dan Pitt Ph.D Member of the Executive Advisory Board
You’re viewing 2 of 13 executive team members. Get the full list »

Meru Networks Board Members (8)

Name Representing Role Since
Abdul Chohan Self Member of Executive Advisory Board 000 0000
Eric Singer Self Board Member 000 0000
Nicholas Mitsakos Self Board Member 000 0000
Sudhakar Ramakrishna Self Board Member 000 0000
You’re viewing 4 of 8 board members. Get the full list »

Meru Networks Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Meru Networks Former Investors (17)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
BlueStream Ventures Venture Capital Minority 000 0000 000000 0
Brainheart Capital Impact Investing Minority 000 0000 000000 0
Clearstone Venture Partners Venture Capital Minority 000 0000 000000 0
Evercore Group Investment Bank Minority 000 0000 000000 0
Gold Hill Capital Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 17 investors. Get the full list »

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