Momenta Partners has closed a seed investment in Expeto, an LTE PaaS startup focused on providing secure Connected Industry communications. Expeto is changing the way traditional core telco network functionality is exposed, consumed and managed. The young company joins Momenta Partners’ Connected Industry portfolio, benefiting from the Momenta Cultivator™, a model to accelerate the growth of disruptive startups.
The Cultivator accelerates the growth potential of startups by boosting investments with targeted operational support on business planning, strategic business development, and marketing. Expeto will leverage the funds and operational support to advance the technology development of its platform and increase business development, targeting specific industry verticals.
Expeto's software platform delivers an end-to-end LTE network virtualization solution that returns control of IoT device security and network provisioning to the enterprise. Delivered as-a-service, it can run in any cloud or hardware environment. Developed over the past two years, the technology is already being tested by one of the world’s largest aluminum mining operations for deployments in remote mining locations.
“Expeto’s unique platform holds the potential to transform how enterprises deploy IoT devices and how telco networks are deployed and managed,” said Ken Forster, Managing Director at Momenta Partners. “We are proud to be investing in Expeto’s leading-edge enterprise IoT platform and working with the team on how to address the demands of the telco industry and enterprises in the Connected Era.”
About Expeto
Expeto operates at the intersection of two large and growing trends: telco network virtualization and the demand by enterprises to control IoT deployments over those networks. Expeto surpasses traditional telecom network, providing enterprises with a platform capable of adapting and effectively supporting their particular IoT operational and security requirements.
The company is revolutionizing the way enterprises use and control cellular data by removing network, process and legacy barriers. This allows enterprises to not only create private LTE networks but also augment existing cellular networks, thereby enabling global IoT deployments in secure, private environment. For more information, please visit www.expeto.io.
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Momenta Partners encompasses leading Strategic Advisory, Talent, and Investment practices. We’re the guiding hand behind leading industrials’ IoT strategies with over 100 IoT leadership placements and 17+ young IoT disruptors. Momenta Ventures doesn’t just finance companies; we help founders achieve lean, smart and sustained growth driving to an orchestrated and valuable exit.
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