Monogoto, a startup providing software-defined connectivity services to simplify the connection process for organizations and developers, has raised $27 million in a Series A funding round. The round was led by Toyota Ventures, with participation from Samsung Next, the ACTIVE fund, Assembly Ventures, Magenta Venture Partners, and J-Ventures, along with existing investors such as Triventures, Singtel Innov8 Ventures, Telefónica, Team8, and Alter Venture Partners. With this latest funding, Monogoto has accumulated a total of $38 million.
Founded in 2018 by Itamar Kunik (CEO) and Maor Efrati (CTO), Monogoto provides connectivity technologies to Fortune 500 companies across a variety of industries including 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 employs around 50 people in various locations including Israel, the USA, India, and Europe.
The founders, 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 Genband.
Connectivity services funding milestone
Both have military backgrounds; Kunik served in IDF Unit 8200, while Efrati was a communications engineer in the IDF.
Modern devices such as smart cars, drones, and industrial sensors rely heavily on internet or communication network connectivity. Monogoto addresses this need by offering software-defined connectivity services that simplify the connection process, enabling companies to scale their connectivity needs globally. “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,” 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.”
Chris Thomas, Co-Founder and Partner at Assembly Ventures, added, “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.”
Monogoto’s innovative approach and technological advancements are set to redefine global connectivity, providing a much-needed solution for the evolving demands of connected devices and smart infrastructure.
