What is CoreTigo?
Headquartered in Netanya, Israel, CoreTigo specializes in delivering robust IO-Link Wireless communication solutions designed to enhance connectivity and data flow in industrial environments. The company serves machine builders, system integrators, and manufacturers, enabling them to implement flexible and efficient automation systems. CoreTigo's technology addresses the growing demand for wireless industrial communication, facilitating easier integration and improved operational performance in smart factories and Industry 4.0 initiatives.
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 Qualcomm Ventures LLC, Magma Venture Partners, Meron Capital, Cardumen Capital, and Sierra Ventures
Series B (2021): $18M led by Meron Capital, Verizon Ventures, Amazon's Industrial Innovation Fund, Lenovo Capital, Qualcomm Ventures, Cardumen Capital, Magma Venture Partners, and Emerson Ventures
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. With over 25 years of experience, the firm has a portfolio of 360 companies and manages $2 billion in assets. Qualcomm Ventures provides access to leading technology, domain expertise, and a robust network to help companies scale effectively. The firm focuses on various sectors including AI, automotive, mobile, enterprise, and smart systems.
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. The firm aims to support extraordinary entrepreneurs by providing access to investment opportunities and resources to help them build and scale their companies. With over a decade of investment experience, Cardumen Capital emphasizes a people-centric approach, treating founders and their teams with transparency and respect. Their expertise spans various technologies, including AI, Cybersecurity, and Big Data, catering primarily to B2B and B2B2C markets.
Emerson Ventures
Emerson Ventures is a reliable excavation contracting company specializing in a wide range of services including land clearing, septic installation, retaining walls, foundation damp-proofing, driveway construction, and utility installation. They are recognized as the top choice for septic system installation in the West Kootenays and are certified onsite wastewater practitioners. The company prides itself on its experienced team, updated equipment, and commitment to customer satisfaction, offering free estimates and emergency services. Their intended clients include homeowners and businesses in need of excavation and construction services.
What's next for CoreTigo?
With the backing of major enterprise-level investment, CoreTigo is poised for accelerated growth and technological advancement. The company's strategic focus will likely involve expanding its market reach, further developing its IO-Link Wireless platform, and strengthening partnerships within the industrial automation ecosystem. Continued investment in R&D will be crucial to maintaining its competitive edge and addressing the evolving needs of its global customer base, particularly in sectors demanding high-reliability wireless connectivity for critical operations.
See full CoreTigo company page
