# CoreTigo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coretigo

- Industry: Software
- Headquarters: Netanya, Israel
- Website: www.coretigo.com
- Total disclosed funding: $32M
- Latest round: Series B (Jun 28, 2023)
- Investors on record: 9

## About

CoreTigo Ltd., located in Israel, specializes in developing secure and advanced connectivity solutions for industrial automation and smart manufacturing applications, enhancing real-time data communication across complex environments.Founded in 2017 in Netanya, Israel, CoreTigo Ltd. focuses on providing connectivity solutions for industrial applications. The company is led by CEO Eran Zigman. CoreTigo has successfully raised funding through multiple rounds, with the most recent being a Series B round on June 28, 2023, where they raised USD 13.00 mn, led by Cardumen Capital and participated by other notable investors including Lenovo Venture Capital and Qualcomm Ventures. The total amount raised by the company stands at USD 13.00 mn, reflecting its growth and investor confidence.CoreTigo specializes in advanced connectivity solutions tailored for industrial automation and smart manufacturing. Their flagship offerings utilize wireless technologies to enhance real-time data communication between devices in challenging environments. These solutions address specific challenges in logistics, manufacturing, and transportation, enabling the seamless integration of IoT devices with reliable, low-latency communication. CoreTigo’s products are deployed by a diverse clientele, including manufacturers and system integrators across North America, Europe, and parts of Asia, where there is a significant demand for robust industrial connectivity.CoreTigo generates revenue through a structured model emphasizing partnerships and direct B2B transactions. Revenue is primarily derived from the sale of proprietary wireless technology and associated services, including installation and maintenance. They offer subscription-based services providing ongoing client support and upgrades. Client agreements typically include initial setup fees and recurring charges for software and network management tools, with pricing plans tailored to the scale and complexity of implementations.CoreTigo plans to leverage the USD 13.00 mn raised in its recent Series B funding round to accelerate the integration of industries through its advanced connectivity solutions. The company is also focusing on designing new products that enhance their existing offerings, although specific release dates have not been disclosed. Additionally, they aim to expand their market presence into new geographical regions, which includes targeting increased penetration in parts of Asia and Europe by the end of 2024.

## Funding rounds

- Series B, Jun 28, 2023 — Qualcomm Ventures, Verizon Ventures, Amazon, Emerson Ventures
- Series B, Jun 24, 2021, $13M — Sierra Ventures, Magma Venture Partners, Qualcomm Ventures, Verizon Ventures, Lenovo Capital and Incubator Group, Meron Capital, Cardumen Capital
- Series B, Oct 27, 2020, $9.2M — Sierra Ventures
- Series A, Feb 4, 2019, $10M — Sierra Ventures, Magma Venture Partners, Qualcomm Ventures, Meron Capital, Cardumen Capital

## Investors

- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A, Series B
- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Series A, Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series A, Series B
- Meron Capital (https://capitalatlas.ai/funds/meron-capital) — Series A, Series B
- Cardumen Capital (https://capitalatlas.ai/funds/cardumen-capital) — Series A, Series B
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series B
- Lenovo Capital and Incubator Group (https://capitalatlas.ai/funds/lenovo-capital-and-incubator-group) — Series B
- Amazon (https://capitalatlas.ai/funds/amazon) — Series B
- Emerson Ventures (https://capitalatlas.ai/funds/emerson-ventures) — Series B