Hologram Raises $65M in Series B Funding

Hologram, a Chicago, IL-based cellular connectivity platform for IoT devices that allows companies to manage fleets of devices globally, raised $65m in Series B funding.

The round was led by Tiger Global, with participation from Bullpen Capital, NextView Ventures, and Mucker Capital.

The company intends to use the funds to more than triple its team from 70+ employees to 225+ employees, to further develop its proprietary connectivity management technology and grow across key use-cases, including fleet & asset management and sensors. 

Co-founded in 2014 by Ben Forgan, CEO, and Pat Wilbur, Hologram provides a cellular connectivity platform to link any device to any network, instantaneously, anywhere. With Hologram, SIM cards automatically switch network access to the best coverage across more than 470 carriers in 200 countries.

The company currently serves thousands of businesses in nearly every vertical from healthcare to micromobility to manufacturing across six continents.

The round takes Hologram to a total of $80m raised in equity capital. Additionally, as part of their Series B, the company has allocated $5m to angel investors, primarily focusing on underrepresented groups including women and people of color. The plan includes adding an independent board member.