# Monstrous

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

- Industry: Software
- Headquarters: Austin, US
- Website: www.monstro.us
- Latest round: Seed (Jul 27, 2011)
- Investors on record: 1

## About

Monstrous provides an innovative IT asset inventory application that streamlines management and tracking of technology assets, facilitating compliance and efficient lifecycle monitoring for organizations of various sizes.Monstrous, founded in 2009 and headquartered in Austin, US, specializes in IT asset management solutions. The company has undergone strategic pivots since its inception, focusing on enhancing its application capabilities. The firm has two recorded deals, the most recent being a Seed round in July 2011, where Monstrous raised USD 400,000. The founder's details are not specified, hence there is no available information on prior ventures.Monstrous specializes in providing an IT asset inventory application that assists organizations in managing and tracking their technology assets effectively. The core functionality of the application includes comprehensive asset management features that allow users to monitor the lifecycle of their IT assets, from acquisition to disposal. This solution aims to resolve common challenges faced by companies, such as inefficient asset tracking, compliance issues, and the need for streamlined inventory management processes. The application is designed for a diverse clientele, including enterprises, small and medium-sized businesses, and IT departments across various sectors. Monstrous targets markets in North America and Europe, providing tailored solutions to meet the unique demands of these geographical regions.Monstrous generates revenue primarily through a subscription-based model, where clients pay for access to the IT asset inventory application. This model typically involves various pricing tiers that cater to different organizational needs, allowing clients to choose packages based on the number of assets they need to manage and the scale of their operations. The application's flagship features, which include real-time asset tracking and reporting capabilities, are integral to the company’s offerings. Transactions occur directly between Monstrous and its clients, enabling a straightforward business relationship that focuses on delivering value through technology solutions. The structure of customer engagement emphasizes direct-to-consumer sales, ensuring that organizations can efficiently integrate the application into their existing workflows.Monstrous plans to leverage its recent Seed financing raised in July 2011 to enhance its IT asset inventory application and explore additional markets. The company is currently focused on developing new features that cater to the evolving needs of its clients, with a timeline for product enhancements expected by late 2022. Additionally, Monstrous aims to expand into new regions, specifically targeting further penetration in North America and Europe within the next two years to respond to growing demand.

## Funding rounds

- Seed, Jul 27, 2011 — Wasabi Ventures

## Investors

- Wasabi Ventures (https://capitalatlas.ai/funds/wasabi-ventures) — Seed