Monogoto has closed $11M in funding led by Team8, with participation from Telefonica Tech Ventures and Singtel Innov8, as well as Alter Venture Partners, Triventures and Planven Entrepreneur Ventures.
Monogoto provides global, internet of things (IoT) and machine-to-machine (M2M) connectivity using powerful APIs that enable enterprises and developers to design, build, manage, control and scale their IoT applications quickly and securely. Enterprises use the Monogoto platform to connect and control cellular-based sensors and devices, such as point of sales, ATMs, wearables, smart lights, fleets of cars and packages, and leverage its APIs to provide enhanced flexibility and capabilities like cybersecurity, procurement and IT management.
The funding will be used to expand Monogoto’s presence in the U.S. with a San Francisco-based office, grow its product sales and bolster brand awareness and market penetration. It will also be used to enrich B2D assets with more APIs, documentation and developer tools; extend its global points of presence (POP); and expedite and strengthen the network’s 5G infrastructure.
Monogoto’s complete cellular connectivity solution serves a broad range of IoT use cases, including industry 4.0, smart cities, wearables, agriculture, energy, automotive, telematics, transportation and healthcare. In addition to enabling global, secure, high-quality and flexible IoT connectivity today, Monogoto is also preparing for the projected 5G network revolution.
Itamar Kunik, Co-founder and CEO, Monogoto
The cloud revolution and communications (voice calls/ SMS) revolution demonstrated that infrastructure accessible via APIs can be extensively leveraged to innovate products, optimize solutions and offer new business models.
Liran Grinberg, Team8 Co-founder and Managing Partner
With full inspection of network traffic and secure computing capability at the edge, all accessible via APIs, Monogoto is able to provide advanced visibility and security controls out-of-the-box, while integrating with the enterprise’s security controls.
