Corlina Inc.

Corlina Inc. specializes in offering advanced industrial IoT solutions, focusing on device integrity and security to enhance operational reliability in industrial settings. Corlina Inc. was founded in 2017 and is headquartered in Menlo Park, US.

The company focuses on providing innovative industrial IoT solutions that ensure device security and process integrity. The founders, Antonio Espinosa and Shashi Sastry, have backgrounds that contribute to the company’s mission. In September 2017, Corlina raised USD 0. 75 mn in Seed funding from Mundi Ventures and an individual investor, marking its first funding round.

Corlina's primary offering is the Corlina System of Trust™, an advanced industrial IoT (IIoT) solution designed to ensure device integrity through a time-based, immutable record of data for industrial applications. The system focuses on device security, self-monitoring, and process integrity, providing instantaneous notifications of any changes in device behavior or connectivity. It continuously tracks system attributes, including operating state, connectivity, and applications running on Intel-based Linux OS devices. This solution addresses critical challenges faced by manufacturers, such as maintaining data accuracy and enabling remote monitoring capabilities.

Corlina serves a diverse client base that includes industrial manufacturers and enterprises seeking to enhance their operational reliability and safety across various geographical markets, including North America and Asia. Corlina generates revenue through a business-to-business (B2B) model primarily centered around subscription-based services and partnerships with industrial manufacturers. Clients typically engage in annual contracts for access to the Corlina System of Trust™, which may include tiers of service based on the number of devices monitored and the depth of analytics provided. The company’s flagship product, the System of Trust™, along with its associated monitoring solutions, forms the core of its revenue structure.

Specific pricing plans are determined based on the level of service and the unique requirements of each client, allowing flexibility for varying industrial needs while ensuring comprehensive support and integration with existing systems. Corlina plans to utilize recent funding to further develop its product offerings and expand its market reach. The company is working on new features for the Corlina System of Trust™, aiming for a product launch by late 2024. Additionally, Corlina targets expansion into European markets by 2025, focusing on increasing its presence within the industrial sector in those regions.

The funding secured in September 2017 will be instrumental in supporting these initiatives.