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Israeli Tech Startup CoreTigo Collapses, Sold for $350,000
Israeli startup CoreTigo, which raised $45 million, has been sold for $350,000 to Japanese company Aeterlink Corp. The company, founded in 2017 to develop industrial wireless communication solutions, collapsed due to extreme dependence on a single client.
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What happened
- 01Israeli startup CoreTigo, which raised $45 million, was sold for $350,000 to Japan's Aeterlink Corp.
- 02CoreTigo developed industrial wireless communication solutions for smart manufacturing and robotics.
- 03Investors included global giants like Amazon, Qualcomm, Verizon, and Lenovo.
- 04The company's collapse was attributed to over-reliance on a single German client.
- 05A 2025 crisis in the German auto industry triggered order postponements and cash flow issues.
- 06CoreTigo filed for insolvency in January 2026 and was liquidated in February 2026.
A crisis in the German automotive industry in 2025 led to order postponements, causing a cash flow shortage. The company petitioned for insolvency in January 2026, and its assets were sold in February 2026.
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