Monogoto, a Palo Alto, CA-based provider of software-defined connectivity solutions, raised $27M in Series A funding.
The round was led by Toyota Ventures, with participation from Samsung Next, The ACTIVE Fund, Assembly Ventures, Magenta Venture Partners, J-Ventures, and existing investors including Triventures, Singtel Innov8 Ventures, Telefónica, Team8, and Alter Venture Partners.
The company intends to use the funds to accelerate its global expansion and hire for key positions worldwide to further enhance its go-to-market efforts.
Led by CEO Itamar Kunik, Monogoto is a cloud-based, connectivity-as-a-service provider that optimize device connectivity for enterprises and developers, offering API-driven, automated solutions that ensure high-quality service across public, private, and satellite networks. It lowers the barriers to device innovation with rich functionality, offering secure, accessible, and context-aware connectivity for sensors and devices. This enables customers to streamline operations and improve their physical products through software-defined connectivity.
The company is currently providing its services in over 180 countries, using 550 public, private LTE/5G, and satellite networks. Monogoto enables the connection of sensors and devices across diverse industries, including automotive, smart cities, retail, healthcare, fleet management, and more.
The company has raised a total of $38M to date.
