About Tocaro Blue
Tocaro Blue is a company based in Pensacola (United States) founded in 2019 by Tom Patterson.. Tocaro Blue has raised $6.94 million across 3 funding rounds. Tocaro Blue has completed 1 acquisition, including MOXIE IoT. Tocaro Blue offers products and services including ProteusCore, Proteus Hub, and SDKs. Tocaro Blue operates in a competitive market with competitors including Cambridge Mobile Telematics, RYD, Quartix, CarIQ and Xirgo Global, among others.
- Headquarter Pensacola, United States
- Founders Tom Patterson
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.94 M (USD)
in 3 rounds
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Latest Funding Round
$2.12 M (USD), Series A
Aug 29, 2025
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Tocaro Blue
Tocaro Blue offers a comprehensive portfolio of products and services, including ProteusCore, Proteus Hub, and SDKs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-based tool for marine radar data processing and awareness
Device for integrating radar technology in marine applications
Software kits for radar integration and customization
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Funding Insights of Tocaro Blue
Tocaro Blue has successfully raised a total of $6.94M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.12 million completed in August 2025. 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 Total Funding
- Total Rounds 3
- Last Round Series A — $2.1M
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First Round
First Round
(21 Jun 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2025 | Amount | Series A - Tocaro Blue | Valuation |
investors |
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| Sep, 2024 | Amount | Series A - Tocaro Blue | Valuation |
investors |
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| Jun, 2023 | Amount | Series A - Tocaro Blue | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Tocaro Blue
Tocaro Blue has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MOXIE IoT. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides IoT development services
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tocaro Blue
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tocaro Blue Comparisons
Competitors of Tocaro Blue
Tocaro Blue 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 Cambridge Mobile Telematics, RYD, Quartix, CarIQ and Xirgo Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Usage-based data monitoring solutions for the auto insurance industry
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| domain | founded_year | HQ Location |
Plug-in device for vehicle diagnostics and connectivity solutions for drivers
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| domain | founded_year | HQ Location |
GPS vehicle tracking and fleet management solutions are provided.
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| domain | founded_year | HQ Location |
Vehicle diagnostics solutions are delivered via a SaaS-based OBD platform.
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| domain | founded_year | HQ Location |
Fleet management solutions and GNSS tracking devices are provided.
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| domain | founded_year | HQ Location |
Cloud-based real-time boat monitoring solutions are developed for marine use.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Tocaro Blue
When was Tocaro Blue founded?
Tocaro Blue was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Tocaro Blue located?
Tocaro Blue is headquartered in Pensacola, United States. It is registered at Pensacola, Florida, United States.
Who is the current CEO of Tocaro Blue?
John W Minor is the current CEO of Tocaro Blue.
Is Tocaro Blue a funded company?
Tocaro Blue is a funded company, having raised a total of $6.94M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jun 21, 2023.
What does Tocaro Blue do?
Tocaro Blue was founded in 2019 in Pensacola, United States, and operates in the marine technology sector. AI-driven software solutions are developed to enhance low-cost radar systems for object detection, classification, and tracking. Noise and interference are filtered through machine learning models, supporting applications in recreational boating, commercial shipping, and defense. Offerings include core software, hardware kits, and interfaces compatible with leading radar manufacturers.
Who are the top competitors of Tocaro Blue?
Tocaro Blue's top competitors include Cambridge Mobile Telematics, Quartix and LoJack.
What products or services does Tocaro Blue offer?
Tocaro Blue offers ProteusCore, Proteus Hub, and SDKs.
How many acquisitions has Tocaro Blue made?
Tocaro Blue has made 1 acquisition, including MOXIE IoT.