- Onomondo’s SoftSIM completely cloud-deployable, will reduce IoT deployment costs by 50-90% and reduce deployment time to virtually zero
- It is the only SoftSIM available for plug and play from a single vendor
- SoftSIM will help address increasing supply chain complexity and acute chip shortages
- The launch of Global SoftSIM, which is set to launch in Q1 2023, comes just months after Onomondo closed its latest $21 million growth investment round.
Getting an Internet of Things (IoT) project off the ground has historically looked like this: you buy your IoT device, choose a provider and data plan, the provider or carrier sends you a SIM card, and you insert the SIM. enter on your device to connect to your provider. However, if you want to switch to another provider, you will need to physically remove the SIM card from each device and repeat the same process with the new provider. For many IoT projects, especially those in remote or isolated locations, this is a friction-filled process that often results in vendor lock-ins, hindering project adoption and scaling.
In recent years, to combat this friction, “eSIMs” have gained popularity. Enabled by eUICC (Embedded Universal Integrated Circuit Card) standards, users can now download new operator profiles digitally over the air, eliminating the need to physically swap SIM cards. While this solution offers more flexibility than conventional SIMs, commercial contracts can be just as binding through downloaded network profiles, and hardware still needs to be installed on each device.
The Onomondo SoftSIM offers a new frictionless road. The SIM is downloaded from the cloud It applies to chipsets already found in devices, reducing IoT time to implementation to virtually zero. Onomondo’s operator agnostic approach, allowing customers to choose their own network and exactly the type of service they need, depending on the product they’re after, means customers don’t suffer from any hidden lock-ins or unnecessary costs. SIM downloadability means that customers only start paying to track their device when they need it, rather than paying upfront for a SIM card and installation costs. For users, this means a 50-90% reduction in bill of materials for companies deploying IoT, depending on fleet size.
Onomondo has redesigned the existing IoT connectivity architecture by integrating over 700 operators at the Radio Access Network (RAN) level in over 180 countries, as well as placing an API-based IoT platform on top. With the new SoftSIM, once the SIM is downloaded, assets can seamlessly cross national borders without the inherent complexity of roaming. Onomondo customers can also gain 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 transmitted directly through the Onomondo virtual network to one of the firm’s cloud partners (Microsoft Azure, AWS, IBM Watson, and more) so that businesses can easily understand what’s happening between devices and the network through the core network and move from a single interface to the IoT cloud.
Michael Carlsen, Co-Founder and CEO and Henrik Aagaard, Co-Founder and CTO of Onomondo commented: “The plug and play SIM transition is the catalyst that IoT needs to scale and begin to reach its full potential.”
“Importantly, we compare the development of the downloadable SoftSIM to the impact of the Cloud on the Internet.”
“By eliminating the need for complex physical connectivity, it removes a critical friction point and also opens the door for a wide range of people to bring true innovation and creativity to the IoT as customer needs evolve. SoftSIM will also make a significant contribution to improving IoT sustainability, eliminating the need to manufacture, transport and install billions of chips per year.”
According to a Trusted Connectivity Alliance report, SIM card production resulted in 560,000 tons of CO₂ emissions and 18,000 tons of plastic in 2021. SIM production is expected to grow rapidly as connected IoT devices are predicted to reach 27 billion by 2025. SoftSIM has the potential to reduce CO₂ emissions while virtually eliminating plastic and polymer waste from SIM card manufacturing. Innovations like these are important steps for the ICT industry to achieve its goal of reducing greenhouse gas emissions by 45% between 2020 and 2030.
Earlier this year, Onomondo announced a new $21 million growth investment led by Verdane, a leading growth equity investment firm specializing in scaling digital consumer, software and sustainable society businesses. Onomondo will use the new funds to accelerate growth and meet its planned forecast of tripling ARR in 2022 and 2023. The company also plans to increase its team size from 50 to 100 over the next year, helping to expand its existing client base. Companies like Bosch, Carlsberg and Maersk.