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 inherent limitations of traditional wired industrial networks. Their technology facilitates greater flexibility, modularity, and real-time data acquisition, which are essential components for modern Industry 4.0 implementations. By replacing physical cabling with robust wireless protocols, CoreTigo empowers manufacturers to optimize production lines and reduce downtime, effectively bridging the gap between legacy industrial hardware and the digital requirements of the modern enterprise.
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, Qualcomm Ventures LLC, and Meron Capital
Series B (2021): $18M led by Cardumen Capital, Amazon's Industrial Innovation Fund, Magma Venture Partners, Emerson Ventures, Meron Capital, Verizon Ventures, Lenovo Capital, and Qualcomm Ventures
Key Investors in CoreTigo
Qualcomm Ventures
A global corporate venture firm with over 25 years of experience, managing $2 billion in assets and focusing on early to growth stage technology companies in AI, mobile, and smart systems.
Cardumen Capital
An early-stage venture capital firm specializing in DeepTech and AgriFoodTech, known for a people-centric approach and supporting visionary founders in B2B markets.
Meron Capital
A strategic investment firm that provides early-stage technology startups with essential capital, deep industry expertise, and access to a valuable professional network.
What's next for CoreTigo?
With the support of major corporate venture arms and specialized technology investors, CoreTigo is well-positioned to accelerate its global expansion and product development roadmap. The current lifecycle stage, characterized by major enterprise-level funding, suggests a shift toward mass-market adoption and the integration of their wireless protocols into standardized industrial equipment. Future strategic initiatives will likely focus on deepening partnerships with global automation leaders and expanding the reach of their wireless ecosystem into new industrial verticals. As the demand for flexible, data-driven manufacturing environments grows, CoreTigo's ability to provide reliable, low-latency wireless communication will be a key differentiator in the competitive landscape of industrial automation.
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