ConnectM Technology Solutions, Inc. (OTC: CNTM) announced on Monday, 27 October 2025 the launch of Keen Labs, a wholly‑owned technology subsidiary that will serve as the company’s dedicated innovation and product‑development arm. The new business unit will consolidate ConnectM’s existing AI and technology assets into a single platform, enabling sharper focus on product innovation, intellectual‑property development, and partnerships in high‑growth markets such as AI, energy storage, and industrial IoT.
Keen Labs will pursue both organic development and strategic mergers and acquisitions to accelerate product innovation across mobility, logistics, and energy‑transition markets. CEO and Chairman Bhaskar Panigrahi said, “Keen Labs represents the next chapter in ConnectM’s evolution. By creating a separate subsidiary for our technology products, we can bring sharper focus to product innovation, intellectual property development, and partnerships in high‑growth markets such as AI, energy storage, and industrial IoT.”
The technology business that now forms Keen Labs has grown from $2.2 million in 2021 to an estimated $19.1 million in 2025, an approximate 80% compound annual growth rate. Gross profit has improved more than tenfold since 2023, and EBITDA turned positive in 2024, with a projection to triple in 2025. Selling‑general‑and‑administrative expenses as a percentage of revenue have fallen from 63% in 2021 to roughly 15% projected in 2025, underscoring the scalability and operating leverage of the new subsidiary.
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