Momentum IoT builds cloud-managed telematics and GPS tracking solutions for mixed fleets, offering plug-and-play 4th‑generation devices that require no field-application engineering. Its product emphasizes lower device complexity, extended coverage, higher security, and low power consumption for small and mid-sized fleet managers. The company announced general availability of its tracking solutions for trucks, trailers, heavy and light equipment, and other assets. Momentum IoT says its direct-to-market sales approach lowers cost and increases value for customers. The company raised $3.1 million in funding to accelerate the launch of its 4th Generation Cloud Managed IoT solutions. Momentum IoT is based in Long Beach, California, and was named a "Mobile IoT Innovator" by the GSMA; it also announced the hire of Dev Bhatia as Chief Marketing Officer.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2018