What is CoreTigo?
Headquartered in Netanya, Israel, CoreTigo specializes in high-performance IO-Link Wireless communication solutions. By enabling seamless, cable-free connectivity for machine builders, system integrators, and industrial equipment manufacturers, the company addresses the critical need for flexibility and data transparency in modern smart factories. CoreTigo's technology is engineered to withstand the rigorous demands of industrial environments, facilitating real-time data transmission and predictive maintenance capabilities that are essential for Industry 4.0 adoption. As a key player in the industrial IoT ecosystem, CoreTigo bridges the gap between legacy hardware and the digital future, providing the infrastructure necessary for autonomous and interconnected manufacturing processes.
How much funding has CoreTigo raised?
CoreTigo has raised a total of $28M across 2 funding rounds:
Series A
$10M
Series B
$18M
Series A (2019): $10M with participation from Cardumen Capital, Magma Venture Partners, Sierra Ventures, Meron Capital, and Qualcomm Ventures LLC
Series B (2021): $18M led by Qualcomm Ventures, Lenovo Capital, Amazon's Industrial Innovation Fund, Cardumen Capital, Emerson Ventures, Verizon Ventures, Meron Capital, and Magma Venture Partners
Key Investors in CoreTigo
Qualcomm Ventures
Qualcomm Ventures is a global corporate venture firm that invests in early to growth stage technology companies, aiming to support entrepreneurs in building revolutionary businesses.
Cardumen Capital
Cardumen Capital is an early-stage venture capital firm that invests in visionary founders transforming the world through technology, with a focus on DeepTech and AgriFoodTech sectors.
Meron Capital
Meron Capital focuses on investing in early stage technology startups by providing them with capital, strategic expertise, and access to a valuable network.
What's next for CoreTigo?
With the infusion of capital from its latest financing, CoreTigo is well-positioned to accelerate its global expansion and deepen its integration within the industrial automation supply chain. The company's strategic focus will likely center on scaling its manufacturing partnerships and enhancing its software-defined communication stack to support increasingly complex industrial applications. By leveraging the expertise of its diverse investor base, which includes major corporate venture arms and specialized technology funds, CoreTigo is poised to capitalize on the growing demand for wireless industrial automation. Future growth will be driven by the continued adoption of its IO-Link Wireless standard, as the company seeks to establish its solutions as the foundational layer for the next generation of smart, agile, and highly efficient industrial production facilities.
See full CoreTigo company page
