Israeli industrial wireless startup CoreTigo sold its assets to Japan’s Aeterlink for US$350,000. Israel’s Central District Court approved the sale after the company collapsed. CoreTigo had raised about US$45 million from investors including Amazon, Qualcomm, Verizon, and Lenovo.
Path to insolvency
CoreTigo relied on a single German sensor manufacturer for about 50% of its revenue. That customer repeatedly postponed orders after Germany’s automotive industry entered a crisis in 2025. By January 2026, the company had run out of cash to pay suppliers, employees, and landlords.
Sale details
The transaction includes CoreTigo’s patents, patent applications, intellectual property, technology, and goodwill. Aeterlink secured the deal through direct negotiations with the trustee. Earlier bidding drew only nominal offers for inventory and one German inquiry that withdrew.
CoreTigo’s technology
CoreTigo was founded in 2017 to build wireless communication systems for industrial machinery. Its products worked like industrial Wi-Fi routers to connect control computers with sensors, robotic arms, and motors. The technology was used in packaging machinery and parcel-sorting equipment.
The court ordered liquidation in February 2026 and appointed attorney Gil Efrati as trustee. An employee representative said he will work to secure remaining funds owed to workers. The trustee said he hopes the transaction will be completed successfully.
Read more: Calcalist