● Fully downloadable from the cloud, Onomondo’s SoftSIM will reduce IoT deployment cost by 50 to 90% and time to almost zero
● It is the only SoftSIM available in plug and play from a single supplier
● SoftSIM will ease growing supply chain complexity and challenges from severe chip shortages
● Available from Q1 2023, the global launch of SoftSIM comes months after Onomondo closed its latest round of growth investment of USD 21 million
COPENHAGEN, Denmark–( BUSINESS WIRE )–Starting an Internet of Things (IoT) project usually looks like this: you get your IoT device, choose a provider and a plan, the provider or carrier sends you a SIM card, then you insert your SIM card into your device to connect to your provider. However, if you want to switch providers, you must remove the SIM card from each device and repeat the same process with your new provider. For IoT projects to be deployed in remote or isolated locations, the process is chaotic, with the customer often becoming captive to the vendor, with these difficulties hindering project adoption and expansion.
This explains why, to avoid these difficulties, “eSIM” have gained popularity in recent years. Thanks to eUICC (Embedded Universal Integrated Circuit Card) standards, users can now upload new carrier profiles digitally and wirelessly, eliminating the need to physically change SIM cards. Of course, this solution offers more flexibility than traditional SIM cards, but commercial agreements can be just as restrictive due to bootstrappers’ network profiles, not to mention the hardware that needs to be installed on each device.
Onomondo’s SoftSIM enables smooth deployment. The SIM card is downloaded from the cloud to the chipset already present in the device, which reduces IoT deployment time to practically zero. Onomondo’s cloud-agnostic carrier approach allows customers to choose their network and the exact type of service they need based on the product they want to control. This means that customers do not become captives and do not make unnecessary expenses. The fact that the SIM card is downloadable also means that customers only start paying for control of their devices when they need it, rather than paying for a SIM card and the costs associated with installing it upfront. Therefore, for users, a reduction of 50 to 90% in the nomenclature of companies deploying an IoT project, depending on the size of their fleet.
Onomondo has redesigned the current IoT connectivity architecture by integrating more than 700 operators at the RAN (Radio Access Network) level in more than 180 countries and overlaying its own API-based IoT platform. With the new SoftSIM, once the SIM card is downloaded, assets can cross national borders without friction and avoiding the complexities associated with roaming. Onomondo customers can also get detailed, real-time insight into the performance of each connected device, allowing them to access their global network and troubleshoot IoT devices from anywhere. Data is transferred directly through Onomondo’s virtual network to one of the company’s cloud partners (Microsoft Azure, AWS, IBM Watson, among others), so companies can easily understand what’s happening between devices and the network, through the core network and Cloud IoT, from a single interface.
Michael Karlsen, co-founder and CEO, and Henrik Aagaard, co-founder and CTO of Onomondo , said: “The move to a plug and play SIM card is the catalyst the IoT needed to scale and begin to reach its full potential. In our opinion, the impact of the development of a downloadable SoftSIM is as significant as that produced by the cloud on the Internet. By eliminating the need for a complex physical connection, SoftSIM removes a major barrier and paves the way for a multitude of people to bring creativity and innovation to the IoT as customer needs evolve. SoftSIM will also make a major contribution to improving IoT sustainability by eliminating the need to manufacture, transport and install billions of chips annually.
According to a report by the Trusted Connectivity Alliance, in 2021 the production of SIM cards generated 560,000 tons of CO₂ emissions and 18,000 tons of plastic. SIM card production is set to grow rapidly, as connected IoT devices are expected to reach 27 billion by 2025. By eliminating plastic and polymer waste from SIM card production, SoftSIM has the potential to reduce CO₂ emissions. Each such innovation contributes significantly to the ICT sector’s target to reduce greenhouse gas emissions by 45% between 2020 and 2030.
Earlier this year, Onomondo announced the closing of a new $21 million growth investment round led by Verdane, a leading growth capital investment firm specializing in business development focused on digitization and consumer software and sustainability of society. Onomondo will use these new funds to fuel its growth and achieve its forecast of tripling annual recurring revenue in 2022 and 2023. Next year, the Company also plans to grow its team from 50 to 100 members in order to better serve and expand its customer base, which currently includes companies such as Bosch, Carlsberg and Maersk.
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