MavocoThe Series A+ Finishing Round has successfully shut down its series A+ Finishing Round by securing $ 11 million from existing shareholders and new investors for connectivity management software suppliers for the Internet of Things (IoT).
The round was led by 3 TS Capital Partners, Red-Stars.com and other strategic investors, confirmed the confidence in the possibility of Mavoko growth in the telecom sector.
“Protecting funding for Tech scale-up has become increasingly challenging in recent years, which has made our investors’ view and continued promises more important and meaningful. It reflects our team’s extraordinary success and legitimizes our mission to make Global Iot deployed easy and accelerated,“Said FatMavoco’s CEO.
Anton Cabresspina and Helmut Lehner, founded in 2014, Mavoco AG is a software expert that provides connection management solutions for the Global Telecom sector. The company’s office is located in Vienna, Eisenstadt, Crazenfurt and Wars.
Its connectivity management platform (CMP) was launched in 2021 with the focus on the use of IoT and was successfully deployed for Tier-1 network operators across the Southeast-Asia and Middle East. Major European Network operators are going to live in 2025.
IoT refers to a network of inter -conjunctive devices that directly communicate and exchange data on the Internet without the need for human intervention. These devices, from smart home applicable fitness tracker to industrial sensors and autonomous vehicles, are embedded with sensors, software and connection capabilities that enable them to collect, analyze and work in real time.
By integrating IoT technology, businesses and individuals can improve skills, automatically automatically and can gain more deep insights in different aspects of daily life and art. This interconnected ecosystem is innovating throughout multiple sectors including healthcare, production, transportation and smart cities, enhancing productivity and decision-making, facilitating unmanned connections and data-driven intelligence.
MAVoco CMP is designed to enable network operators and enterprise customers across the country and networks to facilitate the global and regional IoT projects. It is built on open criteria, compatible with any key network and cloud infrastructure, avoiding the exclusive solution and the seller’s lock-in.
Funds will be used to increase the capacity of Mavoco for the post-generation CMP supply to eliminate the lock-in of the seller and to enable the network to enable the networks worldwide.
They are currently bid in tenders with the total pipeline value of € 350 million.
