September 10, 2018
BizJournals: Momentum IoT Announces Funding, Strategic Partners
Launches 100% Cloud Managed IoT for Mixed Fleets
LONG BEACH, Calif.– Momentum IoT, the leader in cloud-managed telematics for mixed fleets, today announced that it has raised $3.1 million in funding from strategic investors. Coupled with the funding, the Company announced a key hire and general availability of its cloud-managed telematic tracking solutions.
The funding enables Momentum IoT to accelerate its launch of 4th Generation Cloud Managed IoT solutions. Momentum IoT devices deploy without field-application engineering. No custom development, no version control issues, and no deployment delays. Just plug-and-play.
Justin Silva, Momentum IoT’s CEO, previously managed Technology at a large field services firm. “We tested several IoT vendors,” he said. “Unfortunately… [read more]