CoreTigo develops industrial wireless connectivity and automation solutions built on the IO-Link Wireless standard for factory and motion-control environments. Its technology connects robots, conveyors, machine tools and rotating units to enable cable-free designs that increase flexibility, reduce energy and maintenance, and support high-speed operations. The company targets logistics and robotics use cases and offers industrial IoT, machine optimization and data-collection capabilities for demanding environments. CoreTigo says its solutions are adopted by industry leaders and deliver greater modularity, adaptability and productivity while reducing downtime. Management frames its mission as creating more agile, resilient and adaptable manufacturing and logistics systems, and says the Amazon investment is a step to advance that mission. The round expansion led to a Series B1 totaling $18 million, joining Cardumen Capital and other strategic investors. CoreTigo develops IO-Link Wireless solutions designed to support factory digitization and automation. Based in Netanya, Israel and led by CEO Eran Zigman, the company targets machine builders and manufacturers. Its technology enables customers to connect devices and collect data from machines operating in challenging areas. The solutions aim to deliver greater control flexibility over machinery and equipment. CoreTigo positions its offerings to expand production lines' flexibility and capacity in a cost-effective manner. The company recently closed a strategic and financial investment round, indicating external investor support for its growth. CoreTigo develops IO-Link Wireless technology and products that deliver cable-grade wireless connectivity for factory automation, enabling adaptive and flexible machine design, modular production line planning, and full access to data in harsh environments. The company’s solutions target machine builders, system integrators and industrial equipment manufacturers and support sensors, actuators and industrial devices for motion control applications. CoreTigo says its IO-Link Wireless standard is embraced by industrial leaders and fits harsh factory environments. Led by co-founder and CEO Eran Zigman, the company plans to invest the new funding in customer satisfaction and to expand sales and business development globally. The company has raised a total of $27M to date following this round. CoreTigo develops industrial wireless connectivity solutions based on the IO-Link Wireless standard that enable legacy machines to be monitored and connected to the cloud. The company provides manufacturers with wireless technology to optimize industrial operations. CoreTigo was founded in 2017 and is led by CEO Eran Zigman. It intends to use the new funding to accelerate development of its core technology and IP. The company also plans to further build end-to-end solutions and expand its strategic and business partner ecosystem. No operating metrics were disclosed in the article.

Total raised

$41M

Funding rounds

4

Latest round

Series B

Latest activity

Jul 2023