Monogoto nets $27 million Series A to power global connectivity solutions
Monogoto nets $27 million Series A to power global connectivity solutions
The Israeli startup offers software-defined connectivity services that simplify the connection process for organizations and developers.
Monogoto, a startup that provides connectivity solutions enabling seamless transitions between cellular networks, has raised $27 million in a Series A funding round led by Toyota Ventures. Other participants include Samsung Next, the ACTIVE fund, Assembly Ventures, Magenta Venture Partners, and J-Ventures, as well as existing investors such as Triventures, Singtel Innov8 Ventures, Telefónica, Team8, and Alter Venture Partners. To date, Monogoto has raised a total of $38 million.
Founded in 2018 by Itamar Kunik (CEO) and Maor Efrati (CTO), Monogoto delivers connectivity technologies to Fortune 500 companies across industries such as automotive, retail, energy, supply chain, and smart cities. The company's services are available in more than 180 countries, utilizing 550 public and private 5G networks, as well as satellite networks. Monogoto currently employs around 50 people working from Israel, the USA, India, Europe, and other locations.
Kunik and Efrati met while working at Fring, a startup in the OTT VoIP messaging space that reached 65 million users globally before being acquired by the U.S.-based company Genband. Both founders have military backgrounds: Kunik served in IDF Unit 8200, and Efrati operated as a communications engineer in the IDF.
Many modern devices, such as smart cars, drones, and industrial sensors, rely on internet or communication network connectivity to function. Monogoto provides a unique solution for companies seeking to scale their connectivity needs globally, offering software-defined connectivity services that simplify the connection process for organizations and developers.
"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," said Itamar Kunik, Co-Founder and CEO of Monogoto. "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."
“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,” said Chris Thomas, Co-Founder and Partner at Assembly Ventures.
