Monogoto, a Palo Alto-based startup specialising in software-defined connectivity solutions, has secured $27 million in Series A funding. The round was led by Toyota Ventures, with the goal of further developing Monogoto’s AI-powered platform that simplifies device connectivity through advanced, API-driven solutions. This funding will help the company scale its operations and enhance its offerings in the fast-evolving connectivity and IoT landscape.
The round also saw participation from Samsung Next, The ACTIVE Fund, Assembly Ventures, Magenta Venture Partners, and J-Ventures, as well as from existing investors who doubled down on their initial investment – including Triventures, Singtel Innov8 Ventures, Telefónica, Team8, and Alter Venture Partners. With this, Monogoto has raised a total of $38 million to date.
The new funding will be used to accelerate Monogoto’s global expansion and strengthen its team, ensuring it continues to lead the charge in breaking down barriers to innovation.
Chris Thomas, Co-Founder and Partner at Assembly Ventures, remarked “Enterprises have long sought a digital infrastructure that can seamlessly facilitate connectivity—and Monogoto is leading this shift with its software-defined, accessible, and affordable solution. We’re excited to partner with their visionary team to break down barriers for innovators, creating continuous connectivity that will ultimately disrupt the way we live, work and move the world.”
How does it work?
Monogoto is a cloud-based platform that helps businesses and developers simplify the process of connecting devices to various types of networks, like public, private, and satellite networks. By centralizing everything on a single platform, Monogoto makes it easier for companies to manage device connectivity, with API-driven tools that allow automation and control over the network connections. This means businesses can connect and manage devices, such as IoT devices, more easily, securely, and with added features like network automation and context-aware services.
In simple terms, the California-based startup offers connectivity-as-a-service, making it easy for companies to get their devices (like sensors, machines, or wearables) online and communicating through different types of networks without needing complex setups.
As industries increasingly rely on AI-driven device connectivity solutions for technologies like autonomous delivery vehicles, drones, and augmented reality, the demand for flexible, scalable connectivity is soaring. Monogoto’s cutting-edge solution aims to streamline the management of these intricate networks, opening doors to new opportunities for growth and innovation.
The Twilio rival aims to make it easier for businesses to connect, manage, and secure their devices across various types of networks, whether it’s a smart sensor, wearable, or other connected technology.
Founded in 2018 by cellular and web veterans Itamar Kunik (CEO) and Maor Efrati (CTO), Monogoto has quickly gained traction, offering its services across 180 countries and leveraging 550 LTE/5G and satellite networks. The company’s platform is currently used by several Fortune 500 companies, further cementing its position as a leader in the connectivity revolution.
Itamar Kunik, Monogoto’s Co-Founder and CEO, said: “Connectivity has evolved from simple human networks to advanced, software-defined systems, but it still remains a complex, context-dependent challenge. Devices like drones and electric cars have different connectivity needs depending on their state, requiring agile, scalable solutions. Legacy tools cannot simply be duplicated for the new era. We’ve built a game-changing, self-service cloud infrastructure that simplifies connectivity and drives innovation. Just as AWS transformed the cloud and Twilio scaled communications at scale, Monogoto is redefining connectivity.”
The post AI-driven device connectivity as a service startup Monogoto raises $27M funding appeared first on Tech Funding News.