Qualcomm Ventures, Sierra Ventures Back Wireless Communication Company CoreTigo
Israel-based CoreTigo raised $2 million prior to the current $10 million A series, according to company statements
Qualcomm Ventures and Sierra Ventures have led a $10 million series A round for Israel-based wireless communication technology company CoreTigo Ltd., the company announced Monday. In an email to Calcalist, a company representative stated CoreTigo previously raised $2 million, bring the company’s total funding to date to $12 million.
Founded in 2017, CoreTigo develops a secured wireless network system intended to support IoT nodes according to the IO-Link standard. The company employs 16 people in Israel.
CoreTigo stated it will use the funding for research and development and to expand its operations.
Merav Weinryb, Qualcomm Ventures managing director, oversees Israeli investments. Photo: PR