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

Oct 05, 2023•about 2 years ago

Amount Raised

$10 Million

Round Type

series a

NetanyaElectronicsSecurityManufacturingSemiconductorWireless

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.

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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