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§ Private Profile · Giborei Israel 5, Netanya, 4250405, Israel
Develops IO-Link Wireless communication solutions for machine builders and system integrators, enhancing industrial automation flexibility.
Based in Netanya, Israel, CoreTigo develops high-performance IO-Link Wireless communication solutions designed specifically for industrial automation and advanced manufacturing applications. The company provides a range of hardware products, including specialized wireless devices and embedded modules, that allow machine builders, system integrators, and equipment manufacturers to design or retrofit flexible production lines. These industrial communication technologies are utilized across various harsh factory environments to improve modularity, productivity, and operational efficiency in demanding sectors such as automotive, food and beverage, pharmaceuticals, and metalworks. Operating with a business model focused on direct sales to industrial customers, the enterprise has successfully scaled its operations and raised a total of $28.15 million in venture funding through its Series B financing stage. CoreTigo was officially established in 2017 to address the complex wireless connectivity challenges found within modern industrial facilities worldwide.
CoreTigo has raised $62.0M across 3 funding rounds.
CoreTigo has raised $62.0M in total across 3 funding rounds.
CoreTigo is an Israeli technology company specializing in wireless connectivity solutions for industrial automation, particularly its proprietary IO-Link Wireless technology. Founded in 2017 and based in Netanya, it provides high-performance machine digitalization and edge solutions that enable machine builders, system integrators, and industrial equipment manufacturers to create or retrofit flexible, adaptive production lines.[1][2][3] Serving industries like automotive, food and beverage, pharmaceuticals, and metalworks, CoreTigo addresses cabling limitations in harsh factory environments, improving operational efficiency, reducing downtime, and supporting Industry 4.0 goals such as condition monitoring and data optimization.[1][3][4] The company demonstrates growth through partnerships with global manufacturers for applications in adaptive packaging, AMRs (autonomous mobile robots), wireless robotics, and smart tooling.[3]
CoreTigo was established in 2017 in Netanya, Israel, to tackle the challenges of wired connectivity in industrial machines, which hinder flexibility and scalability in modern manufacturing.[1][2] While specific founders are not detailed in available sources, the company emerged amid the rise of Industry 4.0 and IIoT (Industrial Internet of Things), focusing on wireless alternatives to traditional IO-Link cabling.[3][4] Early traction came from developing IO-Link Wireless as a global standard, enabling quick adoption in brownfield retrofits and greenfield designs; pivotal moments include collaborations with equipment makers for innovative machine designs, such as flexible electromagnetic transport modules and holistic digital manufacturing solutions.[3]
CoreTigo stands out in industrial automation through its IO-Link Wireless technology, a standardized wireless protocol tailored for factories. Key strengths include:
These elements provide superior developer and operator experience compared to wired alternatives or general IoT solutions from competitors like Neuron or 1oT.[1]
CoreTigo rides the Industry 4.0 and IIoT wave, where factories demand wireless, modular automation to handle dynamic production amid labor shortages, supply chain volatility, and sustainability pressures. Its timing aligns with the push for adaptive manufacturing—post-2020 supply disruptions accelerated retrofits for flexibility, while AMR and robotics growth (projected to expand factory automation markets) favors cable-free tech.[3][4] Market forces like rising edge computing and data-driven optimization work in its favor, as CoreTigo's solutions overcome wired infrastructure limits in high-mix/low-volume production.[1][2] By influencing ecosystem standards (IO-Link Wireless as a global spec), it empowers machine builders to deliver smarter, greener factories, fostering broader adoption of wireless OT/IT convergence.[3]
CoreTigo is poised for expansion as wireless industrial tech scales, with next steps likely including deeper AMR integrations, AI-enhanced analytics, and global partnerships in Asia/Europe amid Japan's IIoT push.[3] Trends like 5G private networks and sustainable manufacturing will amplify its momentum, potentially evolving it into a key enabler for fully autonomous factories. Investors should watch for acquisition interest from automation giants, building on its role in digitizing machines for a more agile industrial era—echoing its core mission of wireless freedom in rigid production lines.[1][2][3][4]
CoreTigo has raised $62.0M across 3 funding rounds. Most recently, it raised $18.0M Series B in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2023 | $18M Series B | Matt Peterson | Antler, NEVA SGR, Picus Capital, Gonzalo Martinez DE Azagra, Emerson Ventures, Qualcomm Ventures, Verizon Ventures | Announced |
| Jun 1, 2021 | $35M Series B | — | Cardumen Capital, DTCP, Granatus Ventures, NEVA SGR, RTP Global, Sierra Ventures, Storm Ventures, Verizon Ventures, Magma Venture Partners, Meron Capital, Qualcomm Ventures, Tammy Mahn | Announced |
| Jan 1, 2019 | $9M Series A | Sierra Ventures, Boaz Peer | Granatus Ventures, RTP Global, Storm Ventures, Cardumen Capital, Magma Venture Partners, Meron Capital | Announced |
CoreTigo has raised $62.0M in total across 3 funding rounds.
CoreTigo's investors include Matt Peterson, Antler, NEVA SGR, Picus Capital, Gonzalo Martinez de Azagra, Emerson Ventures, Qualcomm Ventures, Verizon Ventures, Cardumen Capital, DTCP, Granatus Ventures, RTP Global.