BizJournals: Momentum IoT Announces Funding, Strategic Partners

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]

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