Coherent Security, a Portuguese company specializing in IoT security arrangements, has allegedly recorded for indebtedness, and its site is now not open. The startup was portion of the Portugal Wanders portfolio and had gotten €500,000 in open financing in 2019.
This marks another mishap for freely supported new businesses, raising questions approximately the sustainability of ventures within the tech division. The reasons behind the company's disappointment stay vague, but its closure highlights the challenges confronted by deep-tech new companies in scaling and keeping up budgetary steadiness.
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