Monogoto Inc., an Internet of Things (IoT) connectivity management platform, has successfully raised $27 million in funding to fast-track its global expansion and enhance its market presence. Founded in 2018, Monogoto specializes in software-defined connectivity solutions that enable secure connections across public and private LTE/5G and satellite networks.
The company’s platform simplifies IoT device connectivity through an API-driven approach, offering continuous and context-aware services across various industries. With a single subscription model, enterprises can connect devices in over 180 countries, utilizing 550 global networks for robust and automated connectivity.
Monogoto's solutions provide real-time management, security, and flexibility, catering to diverse device connectivity needs—from streetlights to drones and electric vehicles. Co-founder and CEO Itamar Kunik emphasized the evolving complexity of connectivity, stating that modern devices require agile solutions that legacy tools cannot provide.
With a strong customer base that includes Fortune 500 companies across automotive, retail, energy, and smart city sectors, Monogoto is poised to redefine connectivity much like AWS transformed cloud services. The Series A funding round was led by Toyota Ventures, with participation from notable investors including Samsung Next and Assembly Ventures.
As enterprises increasingly seek seamless digital infrastructure, Monogoto is at the forefront of delivering accessible and affordable connectivity solutions.