About Meru Networks
Meru Networks is a Technology company based in Sunnyvale (United States) founded in 2002, and was acquired by Fortinet in May 2015. Wireless infrastructure solutions are developed for enterprise networks. Meru Networks has raised $221.13 million across 7 funding rounds from investors including Fortinet, D. E. Shaw Group and Evercore. The company has 221 employees. Its Indian entity Fortinet Innovation Centre India Private Limited reported revenue of ₹56.70 Cr. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Enterprise Networking and Software Defined Wireless Networking. Its competitors include Access Networks and Newbury Networks.
Company details
Meru Networks was founded in 2002 in Sunnyvale, United States, within the telecommunications sector. Wireless infrastructure solutions are developed and marketed to support enterprise wireless needs, serving clients such as Fortune 500 companies. Operations focus on delivering LAN environments via cloud through Air Traffic Control. The WLAN System is provided to ensure predictable bandwidth and over-the-air quality of service, enabling converged voice and data services on a single infrastructure.
- Headquarters Sunnyvale, United States
- Employees 221
- Stage Public
- SectorsTechnology
- Website merunetworks.com
- Social LinkedIn X
- Acquired by Fortinet (May 2015)
- Legal Name Fortinet Innovation Centre India Private Limited
- Date of Incorporation 16 Oct, 2003
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹56.70 Cr
FY 2017 · +24% YoY
- Indian entity net profit₹4.42 Cr
FY 2017 · 8% margin
- Indian entity EBITDA₹10.51 Cr
FY 2017 · 19% margin
- Total Equity Funding$221.13M (USD)
in 7 rounds
- Latest Funding Round$22M (USD), Series E
Jun 2009
- InvestorsFortinet
& 12 more
- Employee Count221
- Acquired byFortinet
(May 2015)
Associated legal entities of Meru Networks
Meru Networks operates through Fortinet Innovation Centre India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fortinet Innovation Centre India Private Limited CIN U64202KA2003PTC032742 | Amalgamated | 16 Oct 2003 | Bangalore, Karnataka | ₹56.7 Cr | 221 | 3 | View details |
Funding Insights of Meru Networks
Meru Networks has successfully raised a total of $221.13M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $22 million completed in June 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $221.13M
- Total Rounds 7
- Last Round Series E — $22M
- First Round $17M
(Apr 2004)
- Investors Count 12
All 7 funding rounds of Meru Networks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2009 | $22M | Series E | – | – | – |
| Apr 2009 | $30M | Series E | – | Vision Capital | |
| Mar 2009 | $87.53M | Series E | – | Tenaya Capital | |
| Mar 2007 | $27.6M | Series D | – | – | |
| Apr 2006 | $25M | Series C | – | – | |
| Jun 2005 | $12M | Series C | – | BlueStream Ventures, NeoCarta Ventures | |
| Apr 2004 | $17M | Series B | – | BlueStream Ventures |
13 investors in total: 13 institutional.
Investors in Meru Networks
Meru Networks has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Fortinet, D. E. Shaw Group and Evercore.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An international investment group focused on sustainable value creation. | 1997 | visioncapital.com | London, United Kingdom | |
Early-stage US companies are invested in by Clearstone Venture Partners. | clearstone.com | Santa Monica, United States | ||
| bluestreamventures.com | ||||
Investment and partnership services for entrepreneurs in finance and growth support. | tenayacapital.com | |||
Monitor Ventures is involved in unspecified business activities. | monitorventures.com | Los Altos, United States | ||
| neocarta.com | ||||
Early-stage tech startups are invested in by the VC firm. | doteduventures.com | Palo Alto, United States | ||
| brainheart.com | ||||
Early-stage venture capital investments in AI, healthcare, and enterprise technologies. | sierraventures.com | |||
Diversified investment management is conducted across multiple asset classes. | deshawindia.com | Hyderabad, India |
Investor details for Meru Networks
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Board of directors of Fortinet Innovation Centre India Private Limited (Meru Networks)
Fortinet Innovation Centre India Private Limited is the primary company behind Meru Networks. The board of Fortinet Innovation Centre India Private Limited currently have 3 directors; the longest-serving is Naga Kishore Reddy Tarimala, appointed in 2013. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naga Kishore Reddy Tarimala DIN 02768018 | Whole-time director | 11 Jul 2013 | 13 yrs 3 mo | Fortinet Innovation Centre India Private Limited |
| Keith Franklin Jensen DIN 06988265 | Director | 11 Sep 2015 | 11 yrs 1 mo | Fortinet Innovation Centre India Private Limited |
| John Lunsford Gregory Whittle DIN 02599479 | Director | 11 Sep 2015 | 11 yrs 1 mo | Fortinet Innovation Centre India Private Limited |
People of Meru Networks
9 people are tracked at Meru Networks (1 in leadership, 8 in team); the tracked headcount is 221.
| Name | Role | Group |
|---|---|---|
Bamdad Bastani | Chief Executive Officer, President | Leadership |
Jaume Villanoi | Jefe De Organización | Team |
Jon Jay Chu | Systems Engineering Manager / Senior Systems Engineer | Team |
Shrikant Patil | Embedded Software Developer | Team |
Petri Niemi | Systems Engineer | Team |
Yoshio Nakanishi | Sr. System Engineer | Team |
Kaushik Dash | TAC Engineer | Team |
Philip McKanes | System Network Administrator | Team |
Ashish Prajapati | Embedded Software Engineer | Team |
Complete people profiles for Meru Networks
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Financials of Meru Networks
Figures of Fortinet Innovation Centre India Private Limited, the primary company behind Meru Networks, for FY 2017. Revenue was ₹56.70 Cr (+24% year on year). Net profit was ₹4.42 Cr (8% margin). EBITDA was ₹10.51 Cr (19% margin).
- ₹56.70 CrRevenue · FY 2017 · +24% YoY
- ₹4.42 CrNet profit · 8% margin
- ₹10.51 CrEBITDA · 19% margin
- ₹4.9 LakhPaid-up capital
- 221Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Fortinet Innovation Centre India Private Limited are on its company page.
Detailed financial statements for Meru Networks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Meru Networks
5 dated milestones of Meru Networks across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Meru Networks is founded.
- Funding First funding round of $17.0M.
- Funding Latest funding round, Series E, of $22.0M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Fortinet.
Competitors of Meru Networks
Meru Networks has 2 listed competitors in our database. They include Access Networks and Newbury Networks.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| accessnetworks.com | 2003 | Santa Clarita, United States | Advanced plug-and-play networking services for smart homes are provided. | |||
| newburynetworks.com | 2001 | Boston, United States | Online platform for slot games and cash rewards with secure deposits. |
Detailed competitors of Meru Networks
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Web traffic of Meru Networks
Websites that share an audience with Meru Networks (merunetworks.com).
Websites whose visitors overlap most with Meru Networks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| arubanetworks.com | 100% | 2.6M | #20,359 | View details | |
| cisco.com | 93% | 14.5M | #3,521 | View details | |
| proxim.com | 86% | 6.6K | #3,095,880 | View details | |
| extremenetworks.com | 78% | 245.3K | #159,815 | View details | |
| strixsystems.com | 76% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for Meru Networks
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Top companies in Enterprise Networking & IT Infrastructure
3 companies that operate in the same segment as Meru Networks (Enterprise Networking & IT Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 7,330 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 |
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Related news about Meru Networks
Complete news archive for Meru Networks
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Frequently Asked Questions about Meru Networks
Meru Networks was founded in 2002 and raised its 1st funding round 2 years after it was founded.
Meru Networks is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Meru Networks is a funded company, having raised a total of $221.13M across 7 funding rounds to date. The company's 1st funding round was a Series B of $17M, raised on Apr 2004.
Meru Networks has 221 employees.
The primary company behind Meru Networks, Fortinet Innovation Centre India Private Limited, reported revenue of ₹56.70 Cr for FY 2017, up 24% year on year.
Meru Networks was founded in 2002 in Sunnyvale, United States, within the telecommunications sector. Wireless infrastructure solutions are developed and marketed to support enterprise wireless needs, serving clients such as Fortune 500 companies. Operations focus on delivering LAN environments via cloud through Air Traffic Control. The WLAN System is provided to ensure predictable bandwidth and over-the-air quality of service, enabling converged voice and data services on a single infrastructure.
Meru Networks's top competitors include Access Networks and Newbury Networks.
Meru Networks has 13 investors. Key investors include Fortinet, D. E. Shaw Group, Evercore, Vision Capital, and Clearstone Venture Partners.
Meru Networks operates through Fortinet Innovation Centre India Private Limited.
Yes. Meru Networks was acquired by Fortinet in May 2015.
The legal entities of Meru Networks currently have 3 directors, including Keith Franklin Jensen, Naga Kishore Reddy Tarimala, John Lunsford Gregory Whittle.