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Expeto develops a mobile networking software platform, enabling Mobile Network Operators to deliver hybrid enterprise networking. It transforms existing 4G and 5G infrastructure into a service integrating private and public networks. The Expeto Hybrid Mobility Platform offers a multi-tenant, "Enterprise First" approach, consolidating mobile and industrial IoT applications onto a unified platform. This enhances enterprise control and security in mobility environments.
The company was established recognizing enterprises require sophisticated solutions to manage mobile and IIoT connectivity across disparate network environments. This founding insight led to developing a platform effectively extending public mobile network capabilities into a controlled, enterprise-specific context.
Expeto's primary customers are Mobile Network Operators, utilizing the platform to provide advanced hybrid networking services. End-users are enterprise clients gaining seamless integration and robust security for their mobile and IIoT deployments. The company's vision empowers enterprises to confidently operate applications across combined public and private mobile networks, ensuring oversight and reliability.
Expeto has raised $26.0M across 3 funding rounds.
Expeto has raised $26.0M in total across 3 funding rounds.
Expeto has raised $26.0M in total across 3 funding rounds.
Expeto's investors include Burke Davis, 5G Open Innovation Lab, Code Cubitt, Andy Duong, BDC Venture Capital, OrbiMed, Lavrock Ventures, Evok Innovations, Mistral Venture Partners.
Expeto is a Vancouver-based software company founded in 2015 that develops NeXtworkingTM, an advanced hybrid mobile networking platform.[1][2][3] The platform transforms existing 4G/5G public networks into secure, enterprise-grade private mobile networks (PMN), enabling businesses to extend public and private mobile connectivity as a unified corporate WAN while maintaining data and device control.[1][3][4] It primarily serves mobile network operators (MNOs) and enterprises in sectors like automotive, IoT, logistics, and critical infrastructure, solving challenges in complex, insecure traditional mobile connectivity for mission-critical operations such as software-defined vehicles, fleet management, and hybrid private networks.[1][3]
Expeto has raised $22M in total funding across two rounds, with the most recent at $12M, and employs 25 people while generating under $5M in revenue.[1] Its growth momentum centers on enabling MNOs to launch premium, self-service connectivity services, creating new revenue streams through high-value use cases like secure branch connectivity and connected assets.[2][3]
Expeto was founded in 2015 in Vancouver, British Columbia, emerging from the need to integrate mobile networks with enterprise IT and IIoT applications using cloud and edge computing alongside telecom standards.[1][4] While specific founders are not detailed in available sources, the company quickly focused on its patent-pending PaaS model, providing a single control plane for networking, security, and routing across global private and public mobile networks.[4] Early traction included developing NeXtworkingTM to address enterprise demands for secure mobile extensions, with pivotal advancements in self-service management for 4G/LTE/5G networks, particularly for automotive OEMs and software-defined vehicle use cases.[1][3]
Expeto rides the 5G enterprise adoption wave, capitalizing on the shift toward hybrid networks for mission-critical applications amid rising demand for secure, agile connectivity in IoT, automotive, and edge computing.[3] Timing aligns with 5G maturation and software-defined everything trends, where businesses reject rigid mobile plans for IT-integrated solutions—market forces like increasing MNO competition and enterprise digital transformation favor Expeto's model.[2][3] It influences the ecosystem by empowering MNOs to capture enterprise market share, fostering innovation in connected vehicles, logistics, and remote operations while bridging telco and IT silos.[1][3]
Expeto is positioned to scale as 5G private networks proliferate, with potential expansion into 6G precursors and AI-driven network orchestration. Trends like edge AI, massive IoT growth, and regulatory pushes for secure connectivity will amplify its platform's relevance, likely driving further funding and partnerships with global MNOs. Its influence may evolve from niche PMN enabler to core infrastructure for enterprise 5G monetization, unlocking sustained growth in a $100B+ private networks market—reinforcing its role as a key innovator in hybrid mobile ecosystems.[3]
Expeto has raised $26.0M across 3 funding rounds. Most recently, it raised $12.0M Series B in December 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 6, 2022 | $12.0M Series B | Burke Davis | 5G Open Innovation Lab, Code Cubitt, Andy Duong |
| Apr 1, 2021 | $10.0M Series A | BDC Venture Capital, OrbiMed | |
| Sep 1, 2018 | $4.0M Series A | Lavrock Ventures | Evok Innovations, Mistral Venture Partners |