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Monogoto Secures $27 Million in Series A Funding
Monogoto, a provider of software-defined connectivity solutions, has announced a $27 million Series A funding round. Toyota Ventures led the investment, with support from Samsung Next, The ACTIVE Fund, and other notable backers. This brings Monogoto's total funding to $38 million.
Connectivity plays a pivotal role in digital transformation, powered by AI and automation. Monogoto addresses this need with its cloud-based connectivity-as-a-service. It offers API-driven solutions, allowing seamless carrier switching for devices like drones and electric cars.
Founded in 2018, Monogoto has expanded rapidly, serving Fortune 500 clients in over 180 countries. The funds will support its global expansion and hiring efforts.
R. E.
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