Coreflux has closed a €1.2 million investment round co-led by Armilar, through its NOS 5G Fund, and Portugal Gateway Fund, with previous investor CJR Group remaining a key participant in the company.
The funding, according to a statement, will support the company’s mission to deliver advanced, interoperable data solutions to enterprise IoT markets, with a focus on its go-to-market strategy.
This includes international expansion and ecosystem partnerships as well as further development of its managed data connectivity and data processing infrastructure.
Founded to address data integration challenges, Coreflux provides an end-to-end platform that includes IT system connectors, managed brokers, and cloud services. Its technology enables organizations to collect, process, and act on data in real time across multiple devices and applications.
Its technology is being adopted by clients and partners in sectors including manufacturing, energy, financial services, and logistics, with the goal of reducing infrastructure costs and shortening data processing timelines.
Commenting on the round, Coreflux co-founder and CEO Hugo Vaz said the investment reinforces the company’s view that data should flow freely and securely.
“The problem today isn’t that you lack data. It’s that your data is trapped in complex, silent silos,” he noted, adding that Coreflux is building tools to break down those barriers and enable data to flow across systems.
João Miguel Dias from Armilar said that physical devices and cloud-based, AI-powered systems have traditionally been disconnected, despite being closely interdependent.
“IoT data fuels AI training, while AI inference directs IoT actions,” he said, adding that a communication abstraction layer combined with real-time data processing is essential in this context.
Ana Lobo Xavier of Portugal Gateway Fund said Coreflux is building “the essential data foundation for the next generation of industrial automation and AI.”
Applications such as smart factories and intelligent supply chains depend on free, secure, and real-time data flows, she noted, adding that the fund expects the investment to accelerate the company’s progress in this area.
Featured image: Coreflux co-founders Paulo Mota (left) and Hugo Vaz (Photo courtesy of Armilar)
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