• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'I literally was crying last night because I’m nervous about what I’m going to find out': a record 51% of Americans aren't 'cost secure' on health

2

A new trade war may be brewing. This time, Europe is taking a page from Trump's playbook — 'We no longer live in a world of pink ponies and rainbows'

3

Former VP Kamala Harris says she went through a nine-hour interview to land the job—but she couldn’t escape ‘gold medal depression’ even when she won

1

'I literally was crying last night because I’m nervous about what I’m going to find out': a record 51% of Americans aren't 'cost secure' on health

2

A new trade war may be brewing. This time, Europe is taking a page from Trump's playbook — 'We no longer live in a world of pink ponies and rainbows'

3

Former VP Kamala Harris says she went through a nine-hour interview to land the job—but she couldn’t escape ‘gold medal depression’ even when she won
NewslettersTerm Sheet

Why Meter’s Varanasi brothers have to think beyond internet infrastructure to excel

Allie Garfinkle
By
Allie Garfinkle
Allie Garfinkle
Term Sheet Editor
Down Arrow Button Icon
Allie Garfinkle
By
Allie Garfinkle
Allie Garfinkle
Term Sheet Editor
Down Arrow Button Icon
August 21, 2024, 7:53 AM ET
Sunil and Anil Varanasi, cofounders of Meter.
Sunil and Anil Varanasi, cofounders of Meter.Meter
Add Fortune on Google for similar content.

Sunil and Anil Varanasi love classic movies. Think: The 400 Blows, Citizen Kane, and Twelve Angry Men. 

Recommended Video

Now, this isn’t what you’d necessarily expect, at least not at first glance. The brothers are the cofounders of Meter, an internet infrastructure startup focused on enterprises, and what they do is surface-level unsexy, deeply technical, and non-literary. 

But talking to the two of them, they’re both implicitly and expressly interested in where art meets technology. In the nearly hour-and-a-half I spoke to them on-the-record, we talked about why they believe the internet needs to be (and can be) an electricity-like utility, basketball’s GOATs—and what it means for something to be beautiful. When the Varanasi brothers told me they kept a list of movies they loved, I thought ‘sure.’ Then, less than an hour after getting off our Zoom, a log of dozens of their favorite movies was in my inbox. Among them: Sidney Lumet’s Dog Day Afternoon, half of Stanley Kubrick’s filmography, and all-time great Westerns like The Searchers.

It’s the kind of list kept only by patient cinephiles. So, I asked Sunil which ones he felt most applied to Meter. What he sent me via text starts: “Just like life is like a box of chocolates, so is Meter. Meter is a melting pot of experiences, talent, and ideas.”

Sunil then proceeded to answer in the form of a lifecycle metaphor for the company. François Truffaut’s The 400 Blows is about “coming of age and experimentation,” and that’s where it starts. 

“Truffaut masterfully shows the relentlessness and dissatisfaction of being young,” reads Sunil’s analysis, which I agree with. 

Then Sunil moves to classic Westerns—Sergio Leone’s masterpieces Once Upon a Time in the West and The Good, The Bad, and The Ugly, about “facing tough antagonists” and “losing our battles.” Stories of “relentless pursuit” and forward momentum also came up, like Citizen Kane and Spartacus, as did their admiration of Kubrick’s famously painstaking 2001: A Space Odyssey. (The spacecraft exteriors in 2001 were so realistic that they had to be cleared by NASA for security purposes.) 

There were a few others, but the one that stuck out to me is a text I’ve loved for most of my life: Amadeus, the 1984 movie directed by Miloš Forman and adapted from the play by Peter Shaffer. In his text, Sunil said that it felt applicable for its execution of “brilliant moments” and “in terms of admiration and inspiration.”

But Amadeus is many other things too: It’s about how the desire to be great can swallow you whole, about the fear of mediocrity, and about what it’s like to encounter someone else’s deeply sublime work. It’s about being able to see greatness in something because you have just enough knowledge to understand how impossible it is to achieve.

It’s a movie about envy and divinity, and the small things that take a piece of music—or anything else—and make it transcendent, not just good. Much like a piece of classical music performed by a grand orchestra, unless you know what you’re looking at, it’s hard to tell when something is truly great. And you often have to advocate for what you’re working on. And very few have so adamantly made the case for their art as Tom Hulce’s Mozart in Amadeus. In one scene, he frantically defends his opera to the Habsburg emperor: 

Sire, only opera can do this. In a play if more than one person speaks at the same time, it’s just noise, no one can understand a word. But with opera, with music…with music you can have twenty individuals all talking at the same time, and it’s not noise, it’s a perfect harmony!

And in some ways, it’s an especially salient moment for that thought: Fortune has the exclusive on Meter’s new product, Command, and we utilized it as a chance to get the company’s brother cofounders in a rare on-the-record interview. Amadeus is about drawing the lines between recognition, excellence, and transcendence. And it’s too early to know where Meter’s story will land, but Command is clearly a microcosm of where the company is headed: It’s a product with many underlying parts, but the goal is harmony.

Read the whole story here. 

See you tomorrow,

Allie Garfinkle
Twitter:
@agarfinks
Email: alexandra.garfinkle@fortune.com
Submit a deal for the Term Sheet newsletter here.

Nina Ajemian curated the deals section of today’s newsletter.

VENTURE DEALS

- DEFCON AI, a McLean, Va.-based intelligence software for military operations, raised $44 million in seed funding. Bessemer Venture Partners led the round and was joined by Fifth Growth Fund, Red Cell Partners, and others.

- AstroForge, a Huntington Beach, Calif.-based asteroid mining company, raised $40 million in Series A funding. Nova Threshold led the round and was joined by 776, Initialized, Caladan, and others.

- Eppo, a San Francisco, Calif.-based experimentation platform, raised $28M in Series B funding. Innovation Endeavors led the round and was joined by Icon VC and existing investors Menlo Ventures and Amplify Partners.

- Redo, a Draper, Utah-based shopping returns management software, raised $24 million in Series A funding. Pelion led the round and was joined by Cervin, Epic, Kickstart, Aglaé Ventures, and angel investors.

- Reliant AI, a Montreal, Canada-based AI-powered data analytics software provider, raised $11.3 million in seed funding. Tola Capital and Inovia Capital led the round and were joined by angel investor Mike Volpi.

- Clarium, a New York City-based healthcare supply chain management company, raised $10.5 million in funding. General Catalyst led the round and was joined by Kaiser Permanente Ventures, Texas Medical Center Venture Fund, and Yale New Haven Health.

- Allstacks, a Raleign, N.C.-based software engineering intelligence platform, raised $10 million in Series A funding. Quadri Ventures led the round and was joined by M12, Companyon Ventures, Clutch VC, and others.

- Power to Hydrogen, a Columbus, Ohio-based clean energy technology company, raised $10 million in Series A funding. Rev1 Ventures and Worthington Enterprises led the round and were joined by Finindus, JERA, Asahi Kasei, and others.

- Beyond Math, a London, England-based AI-powered engineering simulations platform, raised $8.5 million in seed funding. UP.Partners led the round and was joined by Insight Partners and InMotion Ventures.

- Sorella Labs, a San Francisco, Calif.-based on-chain market technology company, raised $7.5 million in seed funding. Paradigm led the round and was joined by Uniswap Ventures, Nascent, and Robot Ventures.

- Cassidy, a New York City-based business automation platform, raised $3.7 million in seed funding. The General Partnership led the round and was joined by Neo, Comma Capital, Spacecadet Ventures, angel investors, and others.

PRIVATE EQUITY

- BV Investment Partners acquired a majority stake in Kami, an Aotearoa, New Zealand-based classroom engagement and teacher productivity content provider. Financial terms were not disclosed.

- RESA Power, backed by Investcorp, acquired High Voltage Electric Service, an Albany, N.Y.-based electrical testing company. Financial terms were not disclosed.

- Rise Growth Partners, a portfolio company of Charlesbank Capital Partners, acquired a minority stake in Bleakley Financial Group, a Fairfield, N.J.-based wealth advisory and financial planning firm. Financial terms were not disclosed.

- The Vistria Group recapitalized Soliant, an Atlanta, Ga.-based workforce solutions provider for the education and healthcare sectors. Financial terms were not disclosed.

EXITS

- BBB Industries, backed by Clearlake Capital Group, acquired All Star Auto Parts, an Orlando, Fla.-based automotive replacement parts provider, from Atlantic Street Capital. Financial terms were not disclosed.

OTHER

- Sixth Street acquired Caliche, a Houston, Texas-based underground gas storage and carbon sequestration-focused acquisition and development company. Financial terms were not disclosed.

PEOPLE

- Advent International, a Boston, Mass.-based private equity firm, appointed Dave Hickey as operating partner. Previously, he was at Becton, Dickinson and Company.

- Garnett Station Partners, a New York City-based principal investment firm, hired Dan Lee as a partner. Previously, he was at Comvest.

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers in venture capital and private equity. Sign up for free.
About the Author
Allie Garfinkle
By Allie GarfinkleTerm Sheet Editor
LinkedIn iconTwitter icon

Allie Garfinkle is a senior writer and editor at Fortune, where she runs Term Sheet; leads coverage of private capital, investors, and startups; and co-chairs the Brainstorm conference series.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Newsletters

Google’s Ruth Porat takes a rosy view of AI’s impact on communities: ‘This is a job creator’
NewslettersMPW Daily
Google’s Ruth Porat takes a rosy view of AI’s impact on communities: ‘This is a job creator’
By Emma HinchliffeJune 18, 2026
3 days ago
Man pushing AI in a cart upwards.
NewslettersEye on AI
AI’s free-for-all era may be coming to an end—as companies start counting the cost
By Beatrice NolanJune 18, 2026
3 days ago
Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
NewslettersCEO Daily
Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
By Diane BradyJune 18, 2026
4 days ago
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
NewslettersTerm Sheet
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
By Allie GarfinkleJune 18, 2026
4 days ago
France's President Emmanuel Macron (center) with Salesforce CEO Marc Benioff (left) and Anthropic CEO Dario Amodei (right) at a working lunch meeting at the G7 summit in Evian, France, on June 17, 2026.(Photo: Ludovic Marin/AFP/Getty Images)
NewslettersFortune Tech
AI chiefs call for regulation collaboration at the G7 summit
By Andrew NuscaJune 18, 2026
4 days ago
Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
NewslettersCIO Intelligence
Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
By John KellJune 17, 2026
4 days ago

Most Popular

'I literally was crying last night because I’m nervous about what I’m going to find out': a record 51% of Americans aren't 'cost secure' on health
Health
'I literally was crying last night because I’m nervous about what I’m going to find out': a record 51% of Americans aren't 'cost secure' on health
By Ali Swenson, Amelia Thomson-Deveaux and The Associated PressJune 20, 2026
1 day ago
A new trade war may be brewing. This time, Europe is taking a page from Trump's playbook — 'We no longer live in a world of pink ponies and rainbows'
Economy
A new trade war may be brewing. This time, Europe is taking a page from Trump's playbook — 'We no longer live in a world of pink ponies and rainbows'
By Jason MaJune 20, 2026
1 day ago
Former VP Kamala Harris says she went through a nine-hour interview to land the job—but she couldn’t escape ‘gold medal depression’ even when she won
Success
Former VP Kamala Harris says she went through a nine-hour interview to land the job—but she couldn’t escape ‘gold medal depression’ even when she won
By Emma BurleighJune 21, 2026
13 hours ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
12 hours ago
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeJune 19, 2026
2 days ago
The Great Recession’s missing children are finally bringing college’s financial crisis into sight. Welcome to the ‘enrollment volatility’ era
Economy
The Great Recession’s missing children are finally bringing college’s financial crisis into sight. Welcome to the ‘enrollment volatility’ era
By Tristan BoveJune 20, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.