What Monico Inc. does

Monico Inc. is a private industrial IoT (IIoT) company founded in 2004 and headquartered in Spring, Texas, that builds edge-to-cloud condition monitoring infrastructure for mission-critical industrial assets. Its core offering is the proprietary mCore SDR (Smart Data Router) — a ruggedized, IP66/67 and Class I Div II-rated industrial gateway supporting 100+ industrial protocols (CAT Data Link, J1939, Modbus, OPC UA, MQTT, BACnet, DNP3, CANopen, DeviceNet and others) with onboard edge analytics capable of 7 billion calculations per second for threshold monitoring, trending, statistical analysis and conditional logic. Hardware is pre-configured to specific asset types before shipment, and supporting products include legacy gateways, the M3 protocol translator, I/O expansion modules, EMCP4 upgrade kits and UL1604-certified HMI touchscreen systems.

The company's cloud platform, MonicoLive, is hosted on Microsoft Azure and aggregates data from installed gateways for real-time visualization, historical analysis, alerting and forensic investigation; two industry-specific mGuard analytics sub-brands — CompressorWatch for oil & gas reciprocating compressors and MachineWatch for mining equipment (with 50,000+ prebuilt algorithms) — sit on top of MonicoLive. Monico Vantage provides enterprise-grade device management across deployments of any size, with no per-device licensing and runs entirely inside the customer's own network or private cloud. The MonicoLive platform is also integrated as a certified AVEVA partner, enabling direct delivery of real-time industrial asset data into AVEVA PI System and AVEVA Asset Framework.

Monico makes money through a combination of hardware sales of proprietary gateways and I/O modules, subscription-based cloud analytics (MonicoLive), multi-year enterprise support packages, and professional services for implementation and configuration. The company sells through a direct enterprise field-sales motion with a consultation-heavy, quote-based process (no publicly disclosed pricing), tradeshow presence, and channel/technology partnerships with AVEVA, Caterpillar, Cummins and other major OEMs spanning 15+ equipment manufacturers. It targets four primary verticals — oil & gas (midstream operators, reciprocating gas compressor monitoring), mining (haul trucks, loaders, drills, dozers), marine (offshore vessels, crew boats, propulsion and power monitoring), and electric power generation (data centers, hospitals, mission-critical facilities). More than 20,000 gateways have been installed across 20+ countries serving 1,000+ unique businesses; named customers include Nationwide Mutual Insurance. The company employs 11-50 people, is bootstrapped with no disclosed funding rounds, and is undergoing a leadership transition with Mike Granby joining as President and CTO effective January 1, 2026 as founder Doyle Taylor steps into a new role.

Name

Monico Inc.

Legal name

Monico, Inc.

Website

https://monicoinc.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Monico Inc. is a private Industrial IoT company that builds the mCore SDR edge gateway, MonicoLive cloud platform, and industry-specific predictive analytics to enable OEM-agnostic remote condition monitoring of critical assets for oil & gas, mining, marine, and electric power generation operators across 20+ countries.

Ownership category

akta.pro rank

Product category

Industrial IoT Remote Condition Monitoring

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Computer Communications Equipment (3576)

akta.pro primary industry

Utility Asset Performance Management & Predictive Maintenance (Grid/Plant IoT) (EUADAPAI)

akta.pro secondary industries

Fleet, Asset Tracking & Telematics Location Platforms (BPAMANAF), Continuous/Remote Monitoring Systems (IoT Sensors, Telemetry, Networks) (EUAHACAL)

Keywords

• Industrial IoT monitoring
• Remote condition monitoring
• Data acquisition gateways
• Predictive maintenance solutions
• Edge analytics platforms

Headquarters

HQ city

Spring

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Hardware Sales - Industrial Gateways: Sale of proprietary monitoring hardware including mCore SDR, legacy gateways, I/O modules, and HMIs. Hardware is pre-configured before shipping for specific asset types.
2. Software/SaaS - MonicoLive Platform: Cloud-based monitoring platform subscription for data storage, visualization, and analytics. Includes remote access, dashboards, alerts, and technical support.
3. Enterprise Support Package: Included with Vantage platform and gateway purchases - provides ongoing technical support, firmware updates, and access to support resources. No per-device licensing fees.
4. Professional Services: Implementation, configuration, training, and ongoing support services. Subject matter experts help configure analytics, define alerts, and build custom visualizations.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Monico designs, manufactures, and sells proprietary industrial IoT hardware gateways (mCore SDR, Mobile Messenger M3, legacy gateways) that capture real-time telemetry from critical assets in oil & gas, mining, marine, and power generation operations. Data flows into its MonicoLive cloud platform for remote condition monitoring, predictive analytics, and visualization, complemented by enterprise device management (Monico Vantage), industry-specific analytics (mGuard CompressorWatch and MachineWatch), and supporting hardware including I/O modules and HMI systems.

Product overview

Monico delivers an integrated industrial monitoring portfolio combining purpose-built edge hardware, cloud-based monitoring software, and industry-specific analytics solutions. The architecture centers on the mCore® SDR as the foundational edge data acquisition platform (supporting 100+ industrial protocols, onboard edge analytics, IP66/67 and Class I Div II ratings), feeding data to MonicoLive™ — the cloud-hosted monitoring platform for real-time visualization, dashboards, and historical data storage (hosted in Microsoft Azure). Two mGuard® sub-brands extend MonicoLive with specialized predictive analytics: CompressorWatch™ for oil & gas reciprocating gas compressor condition monitoring, and MachineWatch™ for mining equipment health analytics. Monico Vantage™ provides enterprise device management for centralized gateway fleet control across customer-hosted networks. Supporting products include the M3 protocol translator for rugged mobile applications, legacy gateways for older equipment, EMCP4 upgrade kits, I/O expansion modules, and HMI touchscreen systems. All solutions are OEM-agnostic and pre-configured before shipment, serving oil & gas, mining, marine, and power generation industries across 20+ countries with 20,000+ installed gateways.

Differentiator

Problem solved

Functional benefit

Brands

• MonicoLive: Web-based monitoring platform for data storage, visualization and cloud analytics
• mGuard CompressorWatch
• mGuard MachineWatch
• Monico Vantage
• mCore SDR
• Monico Mobile Messenger (M3)

Products and services

• MonicoLive Web-based cloud monitoring platform that collects, stores, and visualizes real-time data from remote industrial assets. Preconfigured dashboards deliver equipment health visibility from any internet-enabled device worldwide, with data retained for historical trend analysis, diagnostics, and forensic event investigation.
• mCore SDR Next-generation industrial smart data router and edge analytics platform pre-configured for specific assets. Supports 100+ industrial protocols (J1939, Modbus, OPC UA, MQTT, CAT Data Link), performs up to 7 billion calculations per second at the edge, with IP66/67 and Class I Div II ratings, onboard data buffering, and SSL/TLS cybersecurity. Streams data to MonicoLive, AVEVA PI, Azure, AWS, or any SCADA platform.
• Monico Vantage Enterprise device management platform built exclusively for mCore gateways, running entirely inside the customer's network or private cloud. Provides centralized control over device health, firmware, configuration, and connectivity with Git-based configuration versioning, staged firmware rollouts, remote diagnostics, and role-based access control. Includes unlimited user seats with no per-device licensing.
• mGuard CompressorWatch Remote condition monitoring and real-time predictive analytics solution for reciprocating gas compressors in oil & gas midstream operations. Runs unattended on MonicoLive, automatically analyzing valve failures, ignition systems, air/fuel ratio, engine performance, lubrication, cooling, and exhaust systems without additional sensor packages, alerting operators to component deterioration before failure occurs.
• mGuard MachineWatch Remote condition monitoring and predictive analytics platform for mining operations. Analyzes real-time streaming data from mobile and fixed mining assets (haul trucks, loaders, drills, dozers) using 50,000+ prebuilt algorithms, combining machine telemetry with fluid analysis to enable condition-based maintenance and predictive failure detection.
• Monico Mobile Messenger (M3) Factory-programmed protocol translator designed for high-volume, rugged industrial, mobile, and off-road applications. Translates between CAT Data Link (CDL) and SAE J1939 or Modbus RTU, pre-configured for specific applications and mapping up to 50 parameters. Housed in IP66/IP67 environmentally sealed enclosure operating from -40°C to +70°C.
• Legacy Gateways Line of predecessor protocol converter and data acquisition gateways supporting CAT Data Link (CDL), SAE J1939, CPC, NOx monitoring, and EMCP controller protocols. Available in standard and PLUS versions with enhanced features, pre-configured for plug-and-play deployment with legacy industrial assets.
• EMCP4 Upgrade Kit Upgrade kit for genset operators with ADEM II engine control modules to integrate with EMCP4 generator set controllers without requiring a costly ECM upgrade to ADEM IV. Uses Monico gateways to collect data from ADEM II, translate to SAE J1939 protocol, and output to EMCP4 for BMS/DCIM integration via Ethernet Modbus TCP, Allen Bradley ControlLogix, BACnet, or SNMP.
• Input Output Modules Expansion I/O modules compatible with all Monico gateways and mCore SDR. Support bearing temperatures, winding temperatures, fuel level, digital inputs, and remote start/stop for generators. Available in Digital I/O, Thermocouple, RTD, Analog Voltage, Analog Current, and Analog Outputs configurations, supporting Class I Div II approved systems when paired with Monico gateways.
• HMI Systems Combined protocol converter and full-featured touchscreen Human Machine Interface (HMI) systems pre-configured with over 400 data registers, supporting up to 7 simultaneous protocols across 4 physical ports. Available in 8", 10", and 15" touchscreen sizes with high-brightness outdoor-viewable displays, UV protection, UL1604 Class I Division II certification, built-in web server, SMTP/SMS alerting, and real-time data logging.

Quantifiable outcome

• More than 20,000 asset gateways installed globally
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• AVEVAcoreTechnology or IntegrationCertified AVEVA partner delivering solutions for integrating industrial data into AVEVA PI System and AVEVA Asset Framework. mCore SDR enables seamless, real-time data acquisition from industrial assets into PI infrastructure. Partnership enables over 250 Fortune 500 companies to access industrial data through trusted PI ecosystem.
• Microsoft AzurecoreTechnology or IntegrationMonicoLive platform hosted in Microsoft Azure cloud. Cloud infrastructure partner for web-based monitoring, data storage, and analytics delivery.
• CaterpillarcoreTechnology or IntegrationDeep OEM integration with CAT equipment including CAT Data Link (CDL) protocol support, EMCP controller integration, and monitoring solutions for Caterpillar engines and generator sets. Note: Monico is not associated with or sponsored by Caterpillar.
• CumminscoreTechnology or IntegrationNative protocol support and integration with Cummins engines and generator systems for seamless data acquisition and monitoring.
• ACI ServicesflagshipStrategic or Co-development PartnerCollaborative partnership producing mCore SDR empowered by eRCM Express - next generation compressor-based monitoring platform released June 2018. Joint product development combining industrial monitoring with reliability-centered maintenance expertise.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Emerson (PAC Systems / Movicon.NExT): Industrial automation conglomerate offering PLCs, SCADA, RTUs, and asset management software (including Movicon.NExT and PACSystems) for power generation, oil & gas, and water utilities. Overlaps with Monico's T&D and power generation monitoring.
• Bently Nevada (Baker Hughes): Bently Nevada (part of Baker Hughes) provides rotating machinery monitoring, vibration analysis, and condition-based maintenance for oil & gas, power, and mining operators. Direct adjacency to Monico's CompressorWatch for gas compression and mining equipment health.
• Samsara: Public IoT platform combining vehicle telematics, equipment monitoring, and site visibility for industrial and fleet operators. Broader incumbent that overlaps with Monico's mining equipment and power generation monitoring use cases.
• Siemens Industrial Edge / MindSphere: Siemens industrial IoT and edge platform offering asset monitoring, predictive maintenance, and plant digitalization at enterprise scale. Broad incumbent competing in the same digitalization budgets as Monico.
• Hitachi Lumada: Hitachi's industrial IoT and digital services platform serving manufacturing, mining, and utilities with asset performance management. Competes in similar predictive maintenance and remote monitoring RFPs as Monico.

Emerging players

• Augury: AI-driven machine health and process optimization platform focused on rotating equipment (pumps, motors, bearings) for industrial manufacturers. Emerging alternative to Monico's CompressorWatch and MachineWatch predictive analytics.
• Uptake Technologies: Industrial AI and asset performance management platform serving transportation, mining, and heavy industry. Competes with Monico's predictive analytics layer for fleet and equipment uptime use cases.

Direct peers

• PTC Kepware: Industrial connectivity platform (formerly Kepware) acquired by PTC, providing OPC servers, IoT gateways, and protocol translation for factory and plant floor integration. Direct competitor to Monico in protocol bridging and AVEVA PI integration.
• HMS Networks: Public Swedish industrial connectivity company (Anybus, Ewon, Ixxat) specializing in protocol conversion, industrial gateways, and remote access for OT/IT integration. Highly comparable to Monico's mCore SDR and protocol translation offerings across industrial OEMs.
• Red Lion Controls: Industrial automation provider of protocol conversion gateways, HMIs, and cellular RTUs for remote monitoring. Comparable to Monico's gateway and HMI product lines serving similar industrial customers with ruggedized edge devices.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@monicomonitoring6956
• Facebookfacebook.com/MonicoInc
• LinkedInlinkedin.com/company/monico-inc-

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monico Inc.