Porto-based Coreflux secures 1.2M€

Coreflux, a Portuguese tech company based in Porto, has secured 1.2 million euros in a recent financing round led by the investment funds of Armilar and Portugal Gateway. The company develops advanced, interoperable data solutions for the enterprise IoT market that help improve data connectivity and data processing, having already acquired customers and partners in the manufacturing, energy, financial services, and logistics sectors.

According to Coreflux, the funds will reportedly now be used to support the company's market entry, including international expansion and partnerships, as well as to further develop its infrastructure.

"The problem today isn’t that you lack data; it’s that your data is trapped in complex, silent silos,” said Hugo Vaz, co-founder and CEO of Coreflux. "We are building the tools to break down those walls and finally connect the dots, creating a simple, invisible layer where your intelligence can flow freely,” he added.

Ana Lobo Xavier of Portugal Gateway Fund also has confidence in Coreflux's technology. "Their technology acts as the central nervous system for modern industry, and we are confident this investment will accelerate their mission to power the future of industrial data,” she said.