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Industrial Wireless Connectivity Solutions Coretigo Raises $10M In Series A Funding Led By Qualcomm Ventures And Sierra Ventures

PRIVATEOct 05, 2023

Amount Raised

$10 Million

Round Type

Series A

NetanyaManufacturingSecurityElectronicsWirelessSemiconductor

Investors

Meron CapitalCardumen CapitalMagma Venture PartnersSierra VenturesQualcomm Ventures LLC

Description

CoreTigo, a provider of industrial mission critical wireless connectivity solutions, announced today a Series A investment of $10M by Qualcomm Ventures LLC and Sierra Ventures who led the round, Magma Venture Partners, Cardumen Capital and Meron Capital. The financing will be used to accelerate the development of CoreTigo's core technology and IP, to further build end to end solutions, and expand CoreTigo's strategic and business partner ecosystem.

Quick answer

CoreTigo raised $10 Million in a Series A round, dated October 5, 2023. Investors: Meron Capital, Cardumen Capital, Magma Venture Partners, Sierra Ventures and Qualcomm Ventures LLC. CoreTigo is based in Netanya, Center District, Israel.

How much did CoreTigo raise?
CoreTigo raised $10 Million in a Series A round on October 5, 2023.
Who invested in CoreTigo?
Meron Capital, Cardumen Capital, Magma Venture Partners, Sierra Ventures and Qualcomm Ventures LLC are named as investors in this round.
What does CoreTigo do?
CoreTigo enables faster and more flexible manufacturing by providing high-performance machine digitalization, wireless connectivity and edge solutions for machine builders, system integrators and industrial equipment..
Where is CoreTigo based and how big is it?
CoreTigo is based in Netanya, Center District, Israel.
Who are the decision-makers at CoreTigo?
Fundz holds 1 contact at CoreTigo, including the Co-Founder & CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Electronics around the same time

Companies in the same sectors as CoreTigo that raised within 45 days of this round, from Fundz verified event records.

  • Nuburu raised $5.5M (Funding Round) on November 14, 2023.
  • SKYX Platforms raised $100K on November 10, 2023.
  • Northvolt raised $150M (Funding Round) on November 17, 2023.
  • Route 92 Medical raised $31M (Series F) on November 16, 2023.
  • Advent Technologies Holdings raised an undisclosed amount (Funding Round) on November 16, 2023.
  • Nature's Toolbox raised $48M (Series B) on November 16, 2023.

Who to call at CoreTigo, and when

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Company Information

Company

CoreTigo

Location

Traße

Netanya, Center District, Israel

About

CoreTigo enables faster and more flexible manufacturing by providing high-performance machine digitalization, wireless connectivity and edge solutions for machine builders, system integrators and industrial equipment manufacturers. CoreTigo’s products enable the design and retrofit of machines and production lines that were not possible before. These solutions increase flexibility, adaptivity and modularity, resulting in cost effectiveness, increased productivity and downtime reduction. Embraced by industrial leaders, CoreTigo’s solutions are based on the IO-Link Wireless global standard, which is fit for harsh factory environments and motion control applications, providing the most reliable wireless connectivity for millions of sensors, actuators and industrial devices worldwide.

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Related People

1 contact
Verified contactsEran Z., Co-Founder & CEOSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

CoreTigo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.