CoreTigo, a Tel Aviv, Israel-based provider of industrial mission critical wireless connectivity solutions, raised $10m in Series A funding.
The round was led by Qualcomm Ventures and Sierra Ventures, with participation from Magma Venture Partners, Cardumen Capital and Meron Capital.
The company intends to use the funds to accelerate the development of its core technology and IP, to further build end to end solutions, and expand its strategic and business partner ecosystem.
Founded in 2017 by Eran Zigman, CEO, CoreTigo provides manufacturers with wireless connectivity solutions to optimize industrial operations. The company’s technology is based on the IO-Link Wireless standard, which enables legacy machines to be monitored and connected to the cloud.