Meru Networks

Meru Networks supplies wireless networking solutions such as WLAN system and Air Traffic Control to enterprises and different industries.

Launch date

2002

Employees

Market cap

Enterprise valuation

€40m (Public information from May 2015)

Sunnyvale California (HQ)

Date	Investors	Amount	Round
-	Tenaya Capital Lehman Brothers CID Group	N/A	-
Nov 2002	Clearstone Venture Partners NeoCarta Ventures JumpStart Ventures	$10.0m	Series A
Apr 2004	Evercore Partners Sierra Ventures BlueStream Ventures Clearstone Venture Partners NeoCarta Ventures Monitor Ventures Dot Edu Ventures JumpStart Ventures BrainHeart Capital	$17.0m	Series B
Jun 2005	BlueStream Ventures Clearstone Venture Partners NeoCarta Ventures Monitor Ventures Jumpstart-up Dot Edu Ventures BrainHeart Capital	$12.0m	Series C
May 2006	N/A	$25.0m	Series D
Jan 2007	D.E. Shaw Group	$27.6m	Series D
Apr 2009	Vision Capital Advisors (NYC)	$30.0m	Series E
Aug 2009	N/A	$57.0m	Series E
Mar 2010	N/A	N/A	IPO
Jun 2012	Western Technology Investment	$12.0m	Debt
May 2015	Fortinet	$44.0m Valuation: $44.0m	Acquisition
Total Funding		€162m

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