Coretigo receives investment from Amazon Industrial Innovation Fund to accelerate industrial connectivity
CoreTigo , an industrial wireless automation solution provider , announced today that Amazon has joined their Series B1 round of fundraising . Amazon ’ s Industrial Innovation Fund investment brings CoreTigo ’ s Series B1 round to a total of $ 18M and joins CoreTigo ’ s strategic investors , including , Emerson Ventures , Qualcomm Ventures LLC , and Verizon Ventures , among others .
“ We ’ re thrilled to have Amazon as an investor ,” says Eran Zigman , CoreTigo ’ s CEO . “ Amazon and CoreTigo share a vision of seamless reliable connectivity , and Amazon ’ s investment is the next step in advancing our mission to create game-changing solutions for the entire space .”
“ Amazon continues to accelerate robotics deployment across our operations , and we see first-hand the need for more seamless , reliable , and scalable communications for industrial machinery ,” said Matt Peterson , Director of the Amazon Industrial Innovation Fund . “ With CoreTigo ’ s solutions , machine builders and manufacturers are able to eliminate wired communication constraints and enable their equipment to be much more flexible and adaptive across a number of different environments .”
CoreTigo ’ s solutions address challenges in a variety of industries . In logistics specifically , CoreTigo ’ s wireless technology enables connection across robots , smart conveyance and sorting
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Amazon continues to accelerate robotics deployment across our operations , and we see first-hand the need for more seamless , reliable , and scalable communications for industrial machinery .
systems , machine tooling , and other rotating units . This yields numerous benefits , such as adaptive machine designs that can support a large variety of products and reduce energy consumption , maintenance , and footprint in a costeffective manner . As an example , wireless connectivity in conveying and sorting systems allows for performing tasks during highspeed motion , effectively minimizing complexity and enhancing the handling flexibility and speed of transported items . In robotics , eliminating the cables and dresspacks increases the maneuverability as well as reducing maintenance operations . In addition , CoreTigo ’ s Industrial IOT , machine optimization , and data collection solutions facilitate accessibility even in demanding environments . This empowers businesses with valuable insights to enhance operational excellence and improve overall efficiency .
CoreTigo shares Amazon ’ s vision of a future of manufacturing and logistics systems that are highly flexible and capable of responding quickly to changing market demands , customer needs , and supply chain innovation . The goal is to create an agile , resilient , and adaptive industrial space by connecting people , devices , and machines .
To learn more about the various solutions enabled by CoreTigo ’ s technology and the benefits deriving from www . coretigo . com / solutions /