Monogoto Secures $27M to Enhance Connectivity-as-a-Service Platform

Monogoto Secures $27M to Enhance Connectivity-as-a-Service Platform
Monogoto, a startup specializing in 'connectivity-as-a-service', has successfully raised $27 million in a Series A funding round led by Toyota Ventures. The funding highlights the growing demand for software-defined connectivity solutions amidst a fragmented telecommunications landscape. With this latest round, Monogoto has raised a total of $38 million to date. The company operates in 180 countries and supports various network types, addressing the complexities enterprises face in managing connected devices. Monogoto aims to streamline connectivity for industries including fleet management and asset tracking.