Industrial Wireless Connectivity Solutions Coretigo Raises $10M In Series A Funding Led By Qualcomm Ventures And Sierra Ventures
Industrial Wireless Connectivity Solutions Coretigo Raises $10M In Series A Funding Led By Qualcomm Ventures And Sierra Ventures
10/05/23, 5:19 AM
Location
netanyaMoney raised
$10 million
Industry
electronics
security
manufacturing
semiconductor
wireless
Round Type
series a
Investors
Meron Capital, Cardumen Capital, Magma Venture Partners, Sierra Ventures, Qualcomm Ventures Llc
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 Info
Location
traße
netanya, center district, israel
Additional Info
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.