Coreflux, a Portuguese technology company based in Porto, has secured 1.2 million euros in a financing round, according to a statement. The round was led by the investment funds of Armilar and Portugal Gateway from Lisbon. Coreflux develops advanced, interoperable data solutions for the enterprise IoT market that help improve data connectivity and data processing. 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.
Coreflux offers a comprehensive ecosystem of IT system connectors, managed brokers, and cloud services to simplify data integration, enabling companies to capture and process data in real time. The company has already acquired customers and partners in the manufacturing, energy, financial services, and logistics sectors.
“The problem today isn’t that you lack data; it’s that your data is trapped in complex, silent silos,” Hugo Vaz, co-founder and CEO of Coreflux, is quoted as saying. "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.”
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. The Portugal Gateway Fund finances the international expansion of established and fast-growing technology companies. It also offers investors access to the Portuguese Golden Visa.
