We are excited to share 🎉 that Magenta Venture Partners has joined forces with Toyota Ventures, Samsung Next, Team8, and additional top-tier investors to participate in Monogoto’s $27 million Series A funding round! This investment highlights our dedication to supporting groundbreaking innovation in the connectivity sector 🌐, with Monogoto leading the way through its software-defined, API-driven platform that transforms how devices connect on a global scale. Monogoto simplifies connectivity for enterprises by providing a scalable, resilient, and secure platform that spans over 180 countries and leverages 550 networks, including cellular, private LTE/5G, and satellite networks 🛰️. This empowers various industries—such as automotive 🚗, smart cities 🌆, and healthcare 🏥—to harness the full potential of connected devices. A big congratulations to Monogoto’s founders, CEO Itamar Kunik and CTO Maor Efrati, for their visionary leadership in driving this global transformation. We’re thrilled to be part of this journey alongside our partners and look forward to Monogoto’s impact on the future of connectivity 🚀
We’re thrilled to announce that Monogoto has secured $27M in Series A funding! A huge thank you to our investors, clients, and partners for joining us on our journey to continue lowering the barrier to build the next generation of connected devices. Led by Toyota Ventures with participation from Samsung Next, The ACTIVE Fund, Assembly Ventures, Magenta Venture Partners and J-Ventures Fund as well as from existing investors who doubled down on their initial investment – including Triventures, Singtel Innov8 Ventures, Wayra Telefónica, Team8 and Alter Venture Partners! 🔗 Read the announcement here: https://hubs.li/Q02TpCwk0 📰 Read the TechCrunch Article here: https://hubs.li/Q02TpL020 #SeriesA #Monogoto #kickstartventures