About ConnectM
ConnectM is a publicly listed company based in Marlborough (United States) founded in 2007. Energy management solutions are provided via asset-connecting platforms and applications. It operates in the Business Services and Energy & Utilities sectors. ConnectM has raised $12.08 million across 3 funding rounds from investors including Chiratae Ventures. The company has 158 employees. ConnectM has completed 7 acquisitions, including Cambridge Energy Resources, DeliveryCircle and Ecovent Systems. Its chief executive, as recorded, is Tom Judge. Its Indian entity Connectm Technology Solutions Private Limited reported revenue of ₹14.92 Cr. ConnectM offers products and services including Energy Intelligence Network, IoT Platform, Digital Platform, and Last Mile Delivery Software. Its focus areas include Energy Tech, Energy Efficiency Tech, Energy Management System and HVAC Management. Its competitors include BuildOps, Swell Energy and Genea; 3 of its 3 listed competitors have raised funding.
Company details
ConnectM was founded in 2007 and is based in Marlborough, United States. Operations focus on the energy management sector, where a solution delivery platform is utilized to connect assets and machines with pre-built applications for oversight. Cloud availability is enabled for these applications, reducing maintenance risks and costs. Cell tower monitoring solutions are also included among the services offered.
- Headquarters Marlborough, United States
- Employees 158
- Stage Public
- SectorsBusiness ServicesEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website connectm.com
- Social LinkedIn X Facebook
- Legal Name Connectm Technology Solutions, Inc.
- Indian entity revenue₹14.92 Cr
FY 2024 · +49% YoY
- Indian entity net loss-₹54.3 Lakh
FY 2024 · -4% margin
- Indian entity EBITDA₹42 Lakh
FY 2024 · 3% margin
- Total Equity Funding$12.08M (USD)
in 3 rounds
- Latest Funding Round$2.09M (USD), Series A
Mar 2022
- Investors
- Employee Count158
- Investments & AcquisitionsCambridge Energy Resources
& 6 more
Associated legal entities of ConnectM
ConnectM operates through Connectm Technology Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Connectm Technology Solutions Private Limited CIN U64202KA2007PTC043080 | Active | 11 Jun 2007 | Bangalore, Karnataka | ₹14.9 Cr | 53 | 3 | View details |
Products & Services of ConnectM
ConnectM offers a comprehensive portfolio of products and services, including Energy Intelligence Network, IoT Platform, Digital Platform, and Last Mile Delivery Software.
Aggregates real-time data for energy optimization and efficiency.
Manages connected operations for transportation and logistics.
Automates back-office functions for residential energy solutions.
Facilitates efficient B2B transport of heavy goods.
Funding Insights of ConnectM
ConnectM has successfully raised a total of $12.08M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.09 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12.08M
- Total Rounds 3
- Last Round Series A — $2.09M
- First Round $6M
(Jun 2007)
- Investors Count 1
All 3 funding rounds of ConnectM with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $2.09M | Series A | – | – | – |
| Dec 2020 | $3.98M | Series A | – | – | – |
| Jun 2007 | $6M | Series A | – | Chiratae Ventures | – |
1 investors in total: 1 institutional.
Investors in ConnectM
ConnectM has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Chiratae Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on seed-stage startups | chiratae.com | Bengaluru, India |
Investor details for ConnectM
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Board of directors of Connectm Technology Solutions Private Limited (ConnectM)
Connectm Technology Solutions Private Limited is the primary company behind ConnectM. The board of Connectm Technology Solutions Private Limited currently have 3 directors; the longest-serving is Mahesh Prasad Choudhury, appointed in 2016. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahesh Prasad Choudhury DIN 07154869 | Director | 25 Nov 2016 | 9 yrs 11 mo | Connectm Technology Solutions Private Limited |
| Subramanya Girish DIN 07645581 | Director | 25 Nov 2016 | 9 yrs 11 mo | Connectm Technology Solutions Private Limited |
| Purushothaman Vinayakam DIN 07857723 | Director | 07 Dec 2020 | 5 yrs 11 mo | Connectm Technology Solutions Private Limited |
People of ConnectM
29 people are tracked at ConnectM (12 in leadership, 17 in team); the tracked headcount is 158.
| Name | Role | Group |
|---|---|---|
Tom Judge | Co-CEO | Leadership |
Bhaskar Panigrahi | Co-CEO | Leadership |
Nayeem H. | President | Leadership |
| VP of Systems & Operations | Leadership | |
Yasser Iqbal | Head Of Marketing | Leadership |
Gokulasankar Madhavan | Delivery Head | Leadership |
Anish Kumar | Head Iot Solutions | Leadership |
Xu Catherine | Chief Financial Officer | Leadership |
Barbara Leavitt | Chief Marketing Officer | Leadership |
| CTO | Leadership | |
Srinivasa G. | VP, Engineering | Leadership |
Kevin Stateham | VP of Client Success | Leadership |
Daniela Goitia | Corporate Talent Acquisition | Team |
Jagadish Dm | Hardware Design Engineer | Team |
Shilpa Shetty | Cloud Software Engineer | Team |
Satheesh Kumar | Senior Business Analyst | Team |
Anurag Jain | Technical Lead | Team |
Bhagya Raja | Technical Lead | Team |
Jithin John | Embedded Firmware Devoloper | Team |
Mahesh J | Lead Software Engineer | Team |
9 more people are available in the full profile.
Complete people profiles for ConnectM
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IPO & Listings of ConnectM
ConnectM is a publicly listed company on the OTC with ticker symbol CNTM in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date01 Jul 2022
- Listed onNASDAQ: CNTM
- Listed entityConnectM Technology Solutions, Inc.
- Exchange sectorIndustrial services
- ISINUS2079442081
- Share price$4.10 (-3.47% on the day) · 2026-10-13
- Market capitalisation$23.5M
- EPS (diluted, trailing year)$-3.91
- Volume (last session)7,258
Financials of ConnectM
Figures of Connectm Technology Solutions Private Limited, the primary company behind ConnectM, for FY 2024. Revenue was ₹14.92 Cr (+49% year on year). Net loss was -₹54.3 Lakh (-4% margin). EBITDA was ₹42 Lakh (3% margin). Revenue has grown at a compounded annual rate of +18% over three years and +18% over five years.
- ₹14.92 CrRevenue · FY 2024 · +49% YoY
- -₹54.3 LakhNet loss · -4% margin
- ₹42 LakhEBITDA · 3% margin
- ₹49 LakhPaid-up capital
- 53Employees (provident fund records)
- +18%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $35.8M | -$16.2M | -$11.0M |
| 2024 | $22.6M | -$22.6M | -$8.3M |
| 2023 | $20.0M | -$9.2M | -$6.3M |
| 2022 | -$3.8M | -$2.1M | |
| 2021 | -$19,890 | -$19,890 |
Balance sheet, profit and loss, cash flow and ratios of Connectm Technology Solutions Private Limited are on its company page.
Detailed financial statements for ConnectM
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by ConnectM
ConnectM has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cambridge Energy Resources, DeliveryCircle and Ecovent Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Energy resources are explored and developed in the Indian market. | cer-inc.com | India | 2009 | May 2025 | •••• | |
Wireless communication technology company that specializes in deploying large-scale IoT networks | mhzinvensys.com | Bengaluru, India | 2021 | Jan 2025 | •••• | |
Home energy assessments and efficiency upgrades are provided. | greenenergygains.com | 0 | Oct 2024 | •••• | ||
Delivery and shopping services are provided from local businesses. | deliverycircle.com | New Castle, United States | 2013 | Aug 2024 | •••• | |
Solar energy systems are installed for domestic and commercial use. | solarenergysystemsfl.com | Fort Pierce, United States | 1979 | Jan 2023 | •••• | |
Develops a connected air vent system that allows residents to create various temperature zones within a home | keenhome.io | New York, United States | 2013 | Jul 2019 | •••• | |
Wireless room-by-room HVAC zoning is enabled through smart vents. | ecoventsystems.com | Boston, United States | 2012 | Jun 2017 | •••• |
Complete acquisition details for ConnectM
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of ConnectM
11 dated milestones of ConnectM across 18 years, from founding to its latest funding, stage changes and deals.
- Founded ConnectM is founded.
- Funding First funding round of $6.0M.
- Acquisition Acquires Ecovent Systems.
- Acquisition Acquires Keen Home.
- Funding Latest funding round, Series A, of $2.1M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Solar Energy Systems.
- Acquisition Acquires DeliveryCircle.
- Acquisition Acquires Greenenergygains.
- Acquisition Acquires MHZ Invensys.
- Acquisition Acquires Cambridge Energy Resources.
Competitors of ConnectM
ConnectM has 3 listed competitors in our database, 3 of them funded. They include BuildOps, Swell Energy and Genea.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| buildops.com | 2018 | Santa Monica, United States | $225.8M | Software for facility management and commercial contractors is delivered. | ||
| swellenergy.com | 2014 | Santa Monica, United States | $133.64M | 111 | Reseller and installer of energy storage devices | |
| getgenea.com | 2006 | Irvine, United States | $12.14M | 73 | Submeter billing and overtime HVAC management services are provided. |
Detailed competitors of ConnectM
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Web traffic of ConnectM
The website of ConnectM (connectm.com) receives about 9.7K visits a month.
- Monthly visits9.7K
▲ 277.5% vs previous month
Websites whose visitors overlap most with ConnectM. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| waybeo.com | 100% | 5.4K | #2,783,550 | View details | |
| frugal-labs.com | 96% | View details | |||
| localytics.com | 69% | 4.3K | #4,188,559 | View details |
Top companies in Facility Management Platforms
3 companies that operate in the same segment as ConnectM (Facility Management Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | 2,458 | ||
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | 463 | ||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Connectm
Complete news archive for ConnectM
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Frequently Asked Questions about ConnectM
ConnectM was founded in 2007.
ConnectM is headquartered in Marlborough, United States. It is registered at Marlborough, Massachusetts, United States.
Tom Judge is the CEO of ConnectM, as recorded in our data.
ConnectM is a funded company, having raised a total of $12.08M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 2007.
ConnectM has 158 employees.
The primary company behind ConnectM, Connectm Technology Solutions Private Limited, reported revenue of ₹14.92 Cr for FY 2024, up 49% year on year.
ConnectM was founded in 2007 and is based in Marlborough, United States. Operations focus on the energy management sector, where a solution delivery platform is utilized to connect assets and machines with pre-built applications for oversight. Cloud availability is enabled for these applications, reducing maintenance risks and costs. Cell tower monitoring solutions are also included among the services offered.
ConnectM's top competitors include BuildOps, Genea and Swell Energy.
ConnectM offers Energy Intelligence Network, IoT Platform, Digital Platform, and Last Mile Delivery Software.
Yes, ConnectM is publicly traded on OTC under the ticker symbol CNTM.
ConnectM has made 7 acquisitions, including Cambridge Energy Resources, DeliveryCircle, and Ecovent Systems.
ConnectM has 1 investor. Key investors include Chiratae Ventures.