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§ Private Profile · Boston, 320 Congress St 3rd Floor, USA
Sponsored data and data rewards platform for mobile network operators, advertisers, and brands. Enables consumers to earn free mobile data.
Based in Boston, Massachusetts, Aquto operates a sponsored data and data rewards platform that enables consumers to earn free mobile cellular data by engaging with brand advertisements and digital applications. The technology company purchases data wholesale from mobile network operators and monetizes these services for wireless carriers, generating approximately $5.8 million in annual revenue prior to its strategic corporate acquisition. The software platform integrates directly with major telecommunications providers, serving prominent tier-one carriers such as AT&T, Verizon, and Telefonica to reach hundreds of millions of global mobile subscribers. After successfully raising approximately $16 million in venture funding from lead investors including Matrix Partners and other institutional backers, the business was acquired by telecommunications software provider Mavenir in July 2018. Aquto was originally founded in the year 2012 by co-founders Susie Kim Riley and Nico Girard.
Aquto has raised $16.0M across 2 funding rounds.
Aquto has raised $16.0M in total across 2 funding rounds.
Aquto has raised $16.0M in total across 2 funding rounds.
Aquto's investors include Iris Capital, BDC Venture Capital, Matrix, Pillar VC, Chris Schaepe, Rich Miner, Matrix Partners, North Bridge Venture Partners, STC Ventures.
Aquto is a technology company specializing in sponsored data and data rewards, enabling app developers, advertisers, and marketers to offer zero-rated content and apps to users while helping mobile carriers monetize data assets.[1][2] Its platform integrates with major tier-one operators like AT&T, America Movil, Telefonica, and Verizon across the US, Europe, and Asia, targeting customer engagement in mobile advertising.[1][2][4] Founded in 2012 and headquartered in Boston, Aquto serves mobile ecosystems with a focus on frictionless user engagement, reporting around $5.8 million in revenue and a small team of under 25 employees, bolstered by $8 million in funding.[1][2][3]
The company addresses the problem of high mobile data costs by providing data rewards that boost app usage and loyalty without user expense, primarily serving app developers, advertisers, marketers, and carriers.[1][2][4] Growth has been steady through carrier partnerships, though it now operates as part of Mavenir, indicating acquisition and integration into a larger telecom software provider.[1]
Aquto was founded in 2012 in Boston, Massachusetts, emerging amid the rise of mobile data consumption and the need for innovative monetization in telecom.[1][2] Key figures include co-founder Nico Girard, though detailed backgrounds on founders are limited in available records.[1] The idea stemmed from recognizing opportunities in sponsored data—allowing free data for specific apps or content—to drive user engagement, with early traction built through integrations with global carriers like AT&T and Verizon.[1][2]
Pivotal moments included securing tier-one operator deployments across continents and raising $8 million in a single funding round, fueling platform development.[1] By the mid-2010s, Aquto positioned itself as a leader in data rewards, eventually becoming part of Mavenir, which expanded its reach in telecom infrastructure.[1]
Aquto rides the mobile data explosion trend, where surging smartphone usage and 5G rollout amplify data costs and carrier monetization needs.[1][2] Timing aligns with the 2010s shift to data-centric mobile economies, enabling zero-rating to counter churn from expensive plans.[4] Market forces like ad fatigue and privacy regulations favor rewards-based models over intrusive ads, positioning Aquto to influence telecom-adtech convergence.[1][2]
As part of Mavenir, it shapes ecosystem dynamics by bridging carriers and app economies, fostering sponsored data standards that enhance user retention and developer ROI amid global data growth.[1]
Aquto's acquisition into Mavenir signals evolution toward broader telecom software, with potential expansion in 5G/edge computing for advanced data rewards.[1] Trends like AI-personalized incentives and Web3 data ownership could amplify its model, driving deeper carrier integrations. Its influence may grow by standardizing sponsored data, tying back to its core strength in frictionless mobile engagement for sustained ecosystem impact.[1][2]
Aquto has raised $16.0M across 2 funding rounds. Most recently, it raised $8.0M Series B in October 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2015 | $8M Series B | Iris Capital | BDC Venture Capital, Matrix, Pillar VC, Chris Schaepe, Rich Miner, Matrix Partners, North Bridge, STC Ventures | Announced |
| Feb 1, 2012 | $8M Series A | — | Matrix, Pillar VC, Chris Schaepe, Rich Miner | Announced |