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Monogoto, an innovator in ‘connectivity as a service’, raises $27M

TechCrunch LogoTechCrunch13h ago

Monogoto, an innovator in ‘connectivity as a service’, raises $27M - TechCrunch

Quick Summary:

Connectivity and connected networks are part and parcel of how many devices and services operate today, thanks to innovations and expansions in mobile networks, on-device processing and the cloud.

Toyota Ventures (the venture arm of the huge carmaker) is leading the round, with participation also from new investors Samsung Next, Kickstart, Assembly Ventures, Magenta, and J-Ventures; and previous backers The Singtel Group, Telefónica, Team8, Alter Venture Partners and Triventures.

End users are typical customers, but so are carriers that are increasingly hoping both to launch and run their own connected services, but also those who provision connectivity solutions on behalf of enterprises.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 12:30:19 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 761 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23074793

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