Cloud computing has been around for approximately two decades, and although it isn’t new to the market, it has gained enormous demand and popularity in recent years. Coming on strong as well is cloud communications and edge computing that requires local mesh networking in some cases and edge-to-cloud networking in other cases. With the proliferation of edge nodes and devices, using “wired” networks or trusting “WiFi (News - Alert)” is no longer an option.
Going wireless with adequate resiliency and security, and economic efficiency is the new game in town, and we’re starting to see a mass movement towards the confluence of edge computing and communications (decentralized) with cloud computing and communications (centralized).
This week Monogoto, an innovator and developer of a secure, global cloud-based cellular network platform, announced they have closed a round including venture capital and strategic investment, enabling them to expand their customer base from 100 to thousands, as they have proven their global cellular infrastructure and software has proven to be a powerful alternative to legacy solutions.
The $11M in funding was led by Team8, with participation from Telefonica (News - Alert) Tech Ventures and Singtel Innov8, as well as Alter Venture Partners, Triventures, and Planven Entrepreneur Ventures.
Categorizing themselves as Cloud-based Infrastructure-as-a-Service (IaaS) with APIs that work for both public and private cellular networks, including 5G and CBRS, Monogoto is tapping into high-growth markets, already enabling their customers to create, monitor, manage and maintain connected systems for transformational 5G and CBRS applications while enabling modern architectures such as Zero Trust Network Architecture (ZTNA) and Secure Access Service Edge (SASE).
The company’s comprehensive connectivity solution supports edge implementations including IoT, Industrial IoT (IIoT), industry 4.0, including manufacturing and cyber-physical infrastructure, and spans vertical industries including precision agriculture, energy, automotive, M2M, telematics, transportation, and healthcare.
The funding will be used to expand Monogoto’s presence in the U.S. with a headquarters in San Francisco and to grow its product sales and bolster brand awareness and market penetration. It will also be used to enrich the platform with more APIs, documentation, and developer tools, while extending its global points of presence, with the company also contributing to the acceleration of 5G networking digital infrastructure.
“We enable enterprises and developers to design, build, manage, control, and scale their IoT applications quickly and securely,” said Itamar Kunik, Monogoto co-founder and CEO. “The cloud revolution and communications (voice calls/ SMS) revolution demonstrated that infrastructure accessible via APIs can be extensively leveraged to innovate products, optimize solutions and offer new business models, and a similar revolution is happening in connectivity.”
Enterprises across all sectors use the Monogoto platform to connect and control cellular-based sensors and devices. These include retail Point of Sale systems, Automatic Teller Machines, wearables, and other connected medical devices, smart lights, automotive fleets, and more, with cybersecurity features built-in, along with productivity tools for efficient back-office activities, including procurement and IT management.
“Enterprises and developers today are hungry for a cloud-native experience that leverages the power of cellular connectivity, using APIs that are centrally managed, self-served, and completely secure,” says Liran Grinberg, Team8 co-founder, and managing partner. “With full inspection of network traffic and secure computing capability at the edge, all accessible via APIs, Monogoto is able to provide advanced visibility and security controls out-of-the-box while integrating with the enterprise’s security controls. Team8 is proud to be backing one of the strongest and most secure connectivity platforms in the world, in 5G specifically and cellular generally.”
In addition to enabling global, secure, high-quality, and flexible IoT connectivity today, Monogoto is also preparing for the projected 5G network revolution. As the first-ever, cloud-native single cloud for public and private cellular networks, Monogoto is uniquely positioned to help enterprises and developers create, monitor, manage and maintain connected systems for transformative 5G and CBRS applications while enabling modern architectures such as Zero Trust and SASE for cellular IoT and connectivity.
With hundreds of ready-to-use APIs, Monogoto offers cellular connectivity with edge to the cloud security for IoT, Private LTE (News - Alert), and 5G use cases. Its services include full audit for all network events with anomaly detection and alerts automation, with Monogoto’s enterprise-driven solution enabling customers to consume advanced cellular VAS with zero CAPEX and an “as-a-Service” business model.
“We are proud to welcome Monogoto to the Telefónica Tech Ventures family as they are one of the most promising Israeli and global startups within the IoT ecosystem and the first in the IoT field to join our portfolio of invested companies,” says Guenia Gawendo, director of Telefónica Tech Ventures.
The Monogoto network is distributed globally with public connectivity in 180 countries. Helping companies to comply with regulation, the Monogoto solution supports on-premise local breakout topology for private LTE/5G networks. The company has already signed more than 100 customers worldwide in various scaling stages, accessing the platform to drive IoT growth and innovation, including Sodaq, Connected You, Origin GPS, and Tvilight.
Cloud computing has evolved over the years to better serve businesses that leverage this transformational technology. In today’s competitive environment, companies need a way to improve their efficiency, productivity, and overall performance.
“To realize the full benefits of this revolution and drive new product and business model innovation, enterprises need much more than high-quality connectivity - they need to be able to control every aspect of that connectivity to enable new use cases,” added Kunik. “Battery-optimized sensors, changing quality-of-services on demand, bridging the gap between public and private cellular networks, embedding cybersecurity from the infrastructure, and much more. Capabilities that our customers are already implementing using our APIs.”
Edited by Luke Bellos