MAVOCO is an Austrian company focused on the connectivity management platform, which announced it has raised €11 million in funding. The large capital influx will now push the company towards its goal of making connectivity available and affordable on a global level, allowing innovative solutions that will benefit society.

MAVOCO was founded in 2014. It is development of connectivity management platforms, which help in streamlining and optimizing IoT operations. The proprietary platform provided by the company encompasses a range of services such as subscription management, billing technologies, and real-time data analytics. 

This helps clients manage, charge, and control mobile connections, SIM cards, and other connected devices efficiently.

The main aim behind MAVOCO was the creation of connectivity power in collaboration and innovation in the 21st century. Its main mission was the creation of global connectivity accessibility, which makes communication cheap, so great ideas to help improve the world get enabled. Guided by principles of fairness, responsibility, and privacy, 

MAVOCO is committed to delivering solutions that not only meet the technological needs of today but also contribute to a sustainable and inclusive future. 

Funding Details

The latest €11 million funding round is a huge step for MAVOCO. Details of who the investors involved in this round are not published, but it is known that some previous funding rounds had big-name investors, including red-stars.com. The new investment thus demonstrates confidence that MAVOCO’s innovative solutions can significantly shape the future of IoT connectivity management.

Their state-of-the-art Connectivity Management Platform (CMP) enables a complete-stack Business Support System (BSS) tailored specifically for IoT applications-at the heart of MAVOCO’s offerings.

This platform streamlines, automates, and digitizes all workflows for connectivity service providers, from sales and delivery to billing and invoicing of IoT connectivity services. Most critical functionalities of this platform include enterprise portals, data repositories with data analysis, a billing manager, and an enterprise service bus designed to allow full, smooth, and efficient execution of IoT operations. 

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Market Position 

MAVOCO caters to a wide variety of industries, including telecommunications, automotive, energy, industrial, and manufacturing sectors. The company addresses the unique challenges that these industries face in managing large-scale IoT deployments by providing tailored connectivity management solutions. Its client base includes enterprises, device manufacturers, and IoT service providers seeking robust and scalable solutions to manage their connected devices and services effectively.

Commitment to Sustainability

Apart from the technological innovations, MAVOCO is deeply concerned with sustainability. The company takes an active part in various carbon footprint-reducing activities and promotes the eco-friendly way of doing things throughout all its operations. As a result of this integration of sustainable practices in the business model, MAVOCO aims at having a positive influence on the environment while developing advanced solutions for client

Future prospective

This means that with new funding, MAVOCO can further enhance its platform’s capabilities and expand market reach. Research and development in the company are going to focus on new features and improvements aimed at the needs of the constantly evolving IoT landscape. 

MAVOCO also plans to strengthen its global presence through new markets and strategic partnerships aimed at making connectivity accessible and affordable worldwide.