Meraki was founded in San Francisco in 2006 as a spin-out of MIT cloud-networking research. Cisco Systems acquired Meraki in 2012 for $1.2B and the brand has run as a business unit inside Cisco (NASDAQ: CSCO) ever since. The smart-camera line (MV series) was added approximately a decade ago to extend the same cloud-managed dashboard from access points and switches to video.
The camera product remains positioned for Cisco-networking-led IT procurement, not security-team-led procurement. Per-camera per-year licence + on-camera SSD storage only (no central NVR), with licence expiry actively blocking camera traffic - the model IPVM classifies as "Hostage as a Service". The manufacturer's site is the authoritative source for current product status.