When was ConnectM founded?

ConnectM was founded in 2007 and raised its 1st funding round within a year of its incorporation.

Where is ConnectM located?

ConnectM is headquartered in Marlborough, United States. It is registered at No. 608, 3rd Floor. 15th cross, (Ring Road), J.P.Nagar, 6th Phase, J P Nagar, Bangalore, Bangalore South, Karnataka, India, 560078.

Who is the current CEO of ConnectM?

Bhaskar Panigrahi and Tom Judge s of ConnectM.

How many employees does ConnectM have?

As of Jun 30, 2026, the latest employee count at ConnectM is 135.

Is ConnectM a funded company?

ConnectM is a funded company, having raised a total of $12.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 27, 2007.

When was the latest funding round of ConnectM?

ConnectM's latest funding was a $***** Series A round on Mar 01, 2022, with participation from 0 investor.

What is the annual revenue of ConnectM?

Annual revenue of ConnectM is between $10M and $50M as on Dec 31, 2024

Where does ConnectM rank among its competitors?

ConnectM ranks 20th amongst 1721 active competitors, of which 248 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was SPAN, which secured $163M in Jan, 2026.

Who are the top competitors of ConnectM?

ConnectM's top competitors include Particle, Silicon Labs and Enel X. Among them, SPAN secured the most recent funding round in January, 2026.

ConnectM - 2026 Company Profile, Team, Funding, Competitors & Financials

ConnectM is a public company based in Marlborough (United States), founded in 2007 by Bhaskar Panigrahi. It operates as a Network of companies delivering equipment, mobility, and distributed energy solutions. ConnectM has raised $12.1M in funding from Chiratae Ventures. The company has 1721 active competitors, including 248 funded and 160 that have exited. Its top competitors include companies like Particle, Silicon Labs and Enel X.

Company Details

Network of companies delivering equipment, mobility, and distributed energy solutions. The business powers enterprises to deliver next-generation solutions. It offers hardware and software services for electric vehicle fleet management and battery diagnostics. The business provides a digital platform automating back office functions and enabling cross-selling of distributed energy solutions. It licenses data to service providers so they can perform maintenance jobs. The business offers last mile delivery software facilitating the transport of heavy goods.

Website: connectm.com
Social
Email ID: *****@connectm.com
Phone Number: +91 **********, +91 **********
Registered Address: No. 608, 3rd Floor. 15th cross, (Ring Road), J.P.Nagar, 6th Phase, J P Nagar, Bangalore, Bangalore South, Karnataka, India, 560078

Key Metrics

Founded Year

2007

Location

Marlborough, United States

Stage

Public

Total Funding

$12.1M in 3 rounds

Latest Funding Round

Series A, Mar 01, 2022, $*****

Investors

Chiratae Ventures & 5 more

Ranked

20^th among 1721 active competitors

Annual Revenue

$10M - $50M as on Dec 31, 2024

Employee Count

135 as on Jun 30, 2026

Investment & Acquisitions

Sun Solar & 8 more

Similar Companies

ecobee & 496 more

Exit Details

Public

View ConnectM's full profile

ConnectM is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ConnectM Technology Solutions Inc. CIN: 1772639 , United States, Active		$1M - $5M (As on Mar 01, 2022)	-	-
CONNECTM TECHNOLOGY SOLUTIONS PRIVATE LIMITED CIN: U64202KA2007PTC043080 , India, Active	Jun 11, 2007	₹10 - ₹50 Cr (As on Mar 31, 2025)	72 (As on Aug 01, 2025)
CONNECTM TECHNOLOGY SOLUTIONS, INC. CIN: 1895249 , United States, Active		$10M - $50M (As on Dec 31, 2024)	-	-

ConnectM got listed on Jul 01, 2022.

Click here to take a look at ConnectM's IPO in detail

ConnectM has raised a total funding of $12.1M over 3 rounds. Its first funding round was on Jun 27, 2007. ConnectM has 6 institutional investors.

Here is the list of recent funding rounds of ConnectM:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 01, 2022	8863580	Series A	1651765	8373706	6369788	4680961
Dec 21, 2020	9990543	Series A	7682679	6976114	1259976	4846370
Jun 27, 2007	3697396	Series A	9632448	2202639	Chiratae Ventures	6469220

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View details of ConnectM's funding rounds and investors

The founders of ConnectM is Bhaskar Panigrahi. Bhaskar Panigrahi and Tom Judge are the CEOs of ConnectM.

Here are the details of ConnectM's key team members:

Bhaskar Panigrahi: Founder & Co-CEO of ConnectM.
Tom Judge: Co-CEO of ConnectM.

ConnectM's Board of Directors

ConnectM's board has 4 active members. Girish Subramanya and Venkatesh Gangadharan are part of team and Mahesh Choudhary and Anand Ramakrishnappa Dasarapalli are independent board members.

Here is the list of ConnectM's board of directors:

Name	Type	Representing	Status	Duration
Venkatesh Gangadharan	Team	-	Current	9y 1m
ziqfjqt	Team	-	Past	4y 5m
dksbunw	Team	-	Past	9y 1m
Anand Ramakrishnappa Dasarapalli	Independent board member	-	Current	8y 1m
gor{ksc	Independent board member	-	Past	6y 2m
u{rgdqy	Independent board member	-	Past	6y 7m

View details of ConnectM's Founder profiles and Board Members

ConnectM's employee count trend

ConnectM has 135 employees as of Jun 26. Here is ConnectM's employee count trend over the years:

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Top competitors of ConnectM include Particle, Silicon Labs and Enel X. Here is the list of Top 10 competitors of ConnectM, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Particle 2011, San Francisco (United States), Acquired	Developer of a prototype to production connectivity platform for IoT	$135M	Root Ventures, Spark Capital & 20 others	78/100
2nd	Silicon Labs 1996, Austin (United States), Acquired	Developer of wireless and non-wireless technologies, software, tools, and services	-	Norwest, Silverton Partners & 6 others	75/100
3rd	Enel X 2001, Boston (United States), Acquired	Developer of utility-scale renewable energy projects	$168M	Foundation Capital, Glen Capital & 9 others	74/100
4th	ecobee 2007, Toronto (Canada), Acquired	Manufacturer of smart thermostats, sensors, cameras, and security system bundles	$155M	Relay Ventures, Tech Capital Partners & 14 others	73/100
5th	PTC 1985, Boston (United States), Public	Provider of software for product lifecycle management, CAD, IoT, and service	-	Bessemer Venture Partners, CRV & 3 others	73/100
6th	SPAN 2014, San Francisco (United States), Series C	Smart energy management technology platform that modernizes residential electrical systems	$419M	Wellington, Fifth Wall & 33 others	72/100
7th	Software AG 1969, Darmstadt (Germany), Acquired	Provider of digital transformation solutions, services, and enterprise application products	-	Silver Lake, EIP & 3 others	72/100
8th	tado° 2011, Munich (Germany), Series E	Provider of smart thermostats and energy solutions for home heating	$245M	Target Partners, Shortcut Ventures & 28 others	71/100
9th	MaintainX 2018, San Francisco (United States), Acquired	Provider of a platform for maintenance and operations management solutions	$254M	Bessemer Venture Partners, Bain Capital Ventures ... & 30 others	71/100
10th	Savant Systems 2005, Barnstable (United States), Late Stage	App and hub for connected device management	$90M	KKR, Connecticut Innovations	71/100
20th	ConnectM 2007, Marlborough (United States), Public	Network of companies delivering equipment, mobility, and distributed energy solutions	$12.1M	MDB4L Capital, Chiratae Ventures & 4 others	64/100

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ConnectM has made 1 investments in companies including Sun Solar. ConnectM has also acquired 8 companies including Geo Impex and Cambridge Energy Resources.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 07, 2026	Investments	Sun Solar	2012	Springfield (United States)
Nov 05, 2025	Acquisition	Geo Impex	2022	Bhubaneswar (India)
May 15, 2025	Acquisition	Cambridge Energy Resources	2009	India