Madrid, June 9, 2021.- Telefónica Tech Ventures , Telefónica’s funding car in cybersecurity, cloud and IoT / Big Data startups, has participated in a seed funding spherical in Monogoto , an Israeli firm specialised within the administration of safe non-public LTE / 5G networks.
Founded in 2018, Monogoto has developed an IoT (web of issues) connectivity cloud platform beneath the IaaS mannequin with operations in additional than 180 nations and suitable with the networks of greater than 550 cellular operators that enables the administration and management of a community world gadget.
It is an apified expertise with which prospects can simply develop and combine their very own connectivity functions with a particular concentrate on the sector of personal networks. This permits the launch of quite a few new use instances and simplifies the end-user expertise.
These use instances will contribute to rising the digital transformation of corporations, specializing in business 4.zero environments, healthcare facilities and the availability of public companies ( utilities ) within the quick and medium time period. Market estimates level to a development of greater than 25% per yr from 2022 within the case of digital non-public networks, leveraging the adoption of 5G.
“The technological proposal developed by Monogoto will be key to deepen our value proposition in the deployment of private LTE / 5G networks around the world. It will allow solutions more adapted to the needs of a global market that take advantage of the capabilities provided by 5G and edge computing for digital transformation, ”mentioned Gonzalo Martín-Villa, CEO of Telefónica Tech AI of Things.
As a results of the funding, Telefónica Tech could have a consultant on Monogoto’s advisory council, in addition to preferential entry to its expertise and a testing setting that may strengthen Telefónica’s worth proposition within the area of digital non-public networks within the face of to doable business agreements sooner or later.
“We are very fortunate to be recognized as a pioneer in cloud-based IoT connectivity and private LTE / 5G networks. Having Telefónica among our investors represents a great boost, confidence in our products and a great vision of the company for the future ”, says Itamar Kunik, CEO of Monogoto.
“We are very satisfied with the incorporation into the Telefónica Tech Ventures family of Monogoto, one of the most promising and global Israeli startups and the first in the field of IoT to join our investment portfolio”, Guenia Gawendo, Director of Telefónica Tech Ventures.
With this funding, Telefónica Tech Ventures expands its funding technique to the sector of IoT and the cloud after a primary section targeted on cybersecurity with investments in Nozomi and Smart Protection.