About ConnectM
ConnectM is a company based in Marlborough (United States) founded in 2007. ConnectM has raised $12.08 million across 3 funding rounds from investors including Chiratae Ventures. The company has 158 employees as of December 31, 2024. ConnectM has completed 7 acquisitions, including Cambridge Energy Resources, DeliveryCircle and Ecovent Systems. ConnectM offers products and services including Energy Intelligence Network, IoT Platform, Digital Platform, and Last Mile Delivery Software. ConnectM operates in a competitive market with competitors including ecobee, Eneco, BuildOps, Swell Energy and Genea, among others.
- Headquarter Marlborough, United States
- Employees 158 as on 31 Dec, 2024
- Stage Public
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Sectors
Business ServicesEnergy & Utilities
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Email
Locked
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Phone
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Website
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Social
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- Legal Name Connectm Technology Solutions, Inc.
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Annual Revenue
$22.65 M (USD)13.42as on Dec 31, 2024
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Net Profit
-$22.57 M (USD)-146.63as on Dec 31, 2024
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EBITDA
-$8.28 M (USD)-30.65as on Dec 31, 2024
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Total Equity Funding
$12.08 M (USD)
in 3 rounds
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Latest Funding Round
$2.09 M (USD), Series A
Mar 01, 2022
- Investors
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Employee Count
158
as on Dec 31, 2024
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Investments & Acquisitions
Cambridge Energy Resources
& 6 more
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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.
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.
People of ConnectM
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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.
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 |
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Venture capital fund focused on seed-stage startups
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Investor details for ConnectM
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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.
Investment portfolio details for ConnectM
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wireless communication technology company that specializes in deploying large-scale IoT networks
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Locked | Locked | 2021 | Locked | |
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Delivery and shopping services are provided from local businesses.
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Locked | Locked | 2013 | Locked | |
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Develops a connected air vent system that allows residents to create various temperature zones within a home
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Locked | Locked | 2013 | Locked |
Complete acquisition details for ConnectM
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Financial Statements - ConnectM
Detailed financials for ConnectM
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Connectm Comparisons
Peer comparison for ConnectM
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Competitors of ConnectM
ConnectM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ecobee, Eneco, BuildOps, Swell Energy and Genea, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of smart thermostats for commercial and residential applications
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Producer and supplier of natural gas, electricity, and heat
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Software for facility management and commercial contractors is delivered.
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Reseller and installer of energy storage devices
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Submeter billing and overtime HVAC management services are provided.
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Provider of cloud-enabled property automation and access control solutions
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Detailed competitors of ConnectM
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Latest news on 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 current CEO of ConnectM.
ConnectM is a funded company, having raised a total of $12.08M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at ConnectM is 158.
Annual revenue of ConnectM is $22.65M as on Dec 31, 2024.
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 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.
The ticker symbol of ConnectM is CNTM on OTC.