proteanTecs, an Israeli startup that offers deep data analytics for electronics monitoring, closed a $45 million financing round. The investment brings the total funding in proteanTecs to nearly $200 million to dates.
Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries, one of the largest private companies in the world, was an investor when proteanTecs previously raised $45 million in August of 2020.
The big money keeps rolling in to Israel Startup Nation. But the $45 million raised by proteanTecs is less than the $64 million brought in by BlueWind Medical, Ltd., an Israeli medtech startup that develops new technology to treat incontinence, the other day. And before that Pyramid Analytics, an Israeli startup that offers a business analytics platform, raised $120 million in a Series E round of funding.
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Founded in 2017 Shai Cohen, Evelyn Landman, and Roni Assyria (three of the founders of Mellanox), proteanTecs develops predictive technology for monitoring electronic chip performance.
proteanTecs is a provider of deep data monitoring solutions for advanced electronics in the Datacenter, Automotive, Communications and Mobile markets. Based on Universal Chip Telemetry™ (UCT), the company provides system health and performance monitoring, from production to the field. By applying machine learning to novel data created by on-chip UCT agents, the company’s analytics platform delivers predictive insights and visibility, leading to new levels of quality, reliability and scale.
“As technologies advance and usage requirements grow, monitoring and analysis are imperative to achieve scale and predictability,” said Shai Cohen, CEO and co-founder of proteanTecs. “Helping companies transform production and service by providing critical business insights is built into our DNA. We look forward to working with our new partners as we enter a new and exciting phase of the company’s growth.”