# Mnubo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mnubo

- Industry: Internet
- Headquarters: Montreal, Canada
- Website: www.mnubo.com
- Total disclosed funding: $23M
- Latest round: Series B (Jan 30, 2018)
- Investors on record: 3

## About

Mnubo, Inc. specializes in providing advanced IoT analytics solutions that empower businesses to optimize their operations and enhance product performance through data-driven insights.Founded in 2012, Mnubo, Inc. is headquartered in Montreal, Canada, and focuses on analytics for Internet of Things (IoT). The company was acquired by Aspen Technology Inc. on July 11, 2019, for CAD 102 million, marking a significant pivot in its business strategy. The acquisition has positioned Mnubo to leverage AspenTech's resources to enhance its offerings. The company has successfully completed a total of 4 deals.Mnubo, Inc. delivers comprehensive IoT analytics solutions that enable organizations to harness the full potential of connected devices. Their services include analytics for improving product performance and operational efficiency. The platform allows businesses to monitor device metrics, analyze usage patterns, and derive actionable insights, ultimately enhancing decision-making processes and driving innovation in various sectors.Mnubo's revenue primarily comes from subscription services related to its IoT analytics solutions. Clients engage through structured partnerships, often involving multi-year subscriptions tailored to their specific needs. This subscription model fosters recurring revenue streams and helps establish long-term relationships with clients, facilitating consistent engagement and operational support.Looking ahead, Mnubo aims to enhance its product line by developing new analytics capabilities tailored for emerging IoT applications. The company is also planning to expand its reach into new geographic regions, specifically targeting markets in North America and Europe by 2023. The recent acquisition funding of CAD 102 million will support these initiatives, enabling Mnubo to invest in product development and market entry strategies.

## Funding rounds

- Series B, Jan 30, 2018, $17M — White Star Capital, McRock Capital, Munich Re Ventures
- Series A, May 14, 2015, $6M — White Star Capital, McRock Capital

## Investors

- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Series A, Series B
- McRock Capital (https://capitalatlas.ai/funds/mcrock-capital) — Series A, Series B
- Munich Re Ventures (https://capitalatlas.ai/funds/munich-re-ventures) — Series B