CoreTigo, a Netanya, Israel-based industrial wireless connectivity solutions provider, closed a $13m Series B funding.
The round, which brought total financing raised to date to $27m, was led by Cardumen Capital, with participation from strategic investor Verizon Ventures and existing investors Lenovo Capital, Magma Venture Partners, Meron Capital, Qualcomm Ventures LLC and Sierra Ventures.
The funding will be used to invest in customer satisfaction and expand sales & business development activities across the globe.
Led by Eran Zigman, Co-founder and CEO, CoreTigo has developed IO-Link Wireless technology that is creating an array of new wireless solutions for real-time control and monitoring in the industrial space. The company’s IO-Link Wireless solutions for factory automation provides cable-grade wireless connectivity which enables an adaptive and flexible machine design, smart and modular production line planning, and full access to data anywhere and in any environment.
FinSMEs
24/06/2021
About CoreTigo
CoreTigo is unbinding the industrial space by providing high-performance IO-Link Wireless communication 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, the IO-Link Wireless global standard, fit for harsh factory environments and motion control applications, provides cable-grade connectivity for millions of sensors, actuators and industrial devices worldwide.
Video – https://youtu.be/2nK8g3Yvu1E
Logo – https://mma.prnewswire.com/media/1483957/CoreTigo_Logo.jpg
Contact:
Roy Glas
Marketing Manager
+972-52-8536663
[email protected]
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SOURCE CoreTigo