Chicago start-up Hologram, a cellular connectivity platform for IoT devices that allows companies to manage fleets of devices globally, has raised $65m in a series B round.

With this funding, Hologram plans to more than triple its team from 70 employees to more than 225. The organisation will also further develop its proprietary connectivity management technology and grow across key use-cases, including fleet and asset management, and sensors.

Hologram’s mission is to connect 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.

“It’s my belief that iconic companies require iconic cultures,” said Ben Forgan, CEO and co-founder of Hologram. “We’re excited to use this new capital to grow our team while staying true to our core values of transparency, mindfulness and ownership. We’re committed to building Hologram into a place where employees can do the best work of their careers.”

Along with Forgan, Hologram was co-founded by Pat Wilbur, an expert on cyber security. The two co-founders launched Hologram in 2014 and have grown it to more than 470 carriers in 200 countries.

Hologram is used by thousands of businesses in nearly every vertical from healthcare to micromobility to manufacturing across six continents.

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

“Hologram’s global reach, developer-centric approach and strength across end markets positions the company to be the default solution to securely connect devices to the internet,” said Evan Feinberg, partner at Tiger Global. “We think the team is poised to extend their market leadership as the number of devices connected to the internet continues to grow.”

The round takes Hologram to a total of $80m raised in equity capital. Additionally, as part of its series B, Hologram has allocated $5m to angel investors, primarily focusing on underrepresented groups including women and people of colour. The plan includes adding an independent board member, which further underscores Hologram’s commitment to equity, diversity and inclusion.

Tiger Global Management is an investment firm focused on private and public companies in the internet, software and financial technology sectors. Since 2001, Tiger Global has invested in hundreds of companies across more than 30 countries, including investments ranging from series A to pre-IPO.