Alongside record exits, Israeli tech also produces sad stories. According to Calcalist, the Central District Court approved the sale of the assets, technology and intellectual property of CoreTigo, the industrial wireless communications startup, to Japan's Aeterlink for just $350,000, after the company entered liquidation.
$45 million gone
According to the motion filed in court by attorney Pinni Yaniv of the Meitar law firm, CoreTigo raised about $45 million over the years from leading strategic and financial investors. According to StartupResearcher, investors included Amazon, Qualcomm, Verizon and Lenovo. The company developed technology that replaces cables in factories with reliable wireless communication, a field considered a key part of "Industry 4.0".
What went wrong
According to reports, CoreTigo depended on a single German sensor maker that accounted for about 50% of its revenue. When that customer slowed, the company ran into trouble, and by January 2026 it no longer had money to pay suppliers, employees and landlords.
The lesson
CoreTigo's story is a reminder of the risk of depending on one customer, and that even big strategic investors don't guarantee success. In a year when Israeli tech is breaking exit records, it is worth remembering that the other side exists too: companies that shut down, and investors and employees who lose almost everything.
