Monogoto is an Israeli startup which offers what it describes as “the secure, global cloud-based cellular network.” Mongoto provides global, internet of things (IoT) and machine-to-machine (M2M) connectivity using powerful APIs that “enable enterprises and developers to design, build, manage, control and scale their IoT applications quickly and securely.” The company has raised $11 million in funding led by Team8, with participation from Telefonica Tech Ventures and Singtel Innov8, as well as Alter Venture Partners, Triventures and Planven Entrepreneur Ventures.
Enterprises use the Monogoto platform to connect and control cellular-based sensors and devices, such as point of sales, ATMs, wearables, smart lights, fleets of cars and packages, and leverage its APIs to provide enhanced flexibility and capabilities like cybersecurity, procurement and IT management.
Founded in 2018 by CEO Itamar Kunik, Monogoto is a cloud-based cellular network. The company explains that its API-driven Infrastructure-as-a-Service was designed from the ground up with simplicity in mind to enable cellular connectivity with existing enterprise IT infrastructure. With hundreds of ready-to-use APIs, Monogoto offers cellular connectivity with edge to the cloud security for IoT, Private LTE, and 5G use cases. Its services include full audit for all network events with anomaly detection and alerts automation. Monogoto’s enterprise-friendly solution enables customers to consume advanced cellular VAS with zero CAPEX and an “as-a-Service” business model.
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 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. A similar revolution is happening in connectivity,” said Itamar Kunik, Monogoto co-founder and CEO.
“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 in order to enable new use cases, such as 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,” Kunik added.
“Enterprises and developers 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.”