Israeli deep data analytics company proteanTecs gets $45 million

Israel’s proteanTecsa company that performs in-depth data analysis for electronic surveillance, announcement last week, completing a $45 million Series C funding round.

The round was led by venture capital firm Addition, and it brings proteanTecs’ total funding to nearly $200 million. The company will leverage its latest capital to expand its global team and continue to advance its product offering.

The investment is part of the company’s growth strategy and capitalizes on its Growth Stock Cycle and recently closed Extension of the cycle of growth stocks, both led by investment firm Koch Disruptive Technologies. Taiwanese semiconductor company MediaTek, Japanese semiconductor company Advantest and German Volkswagen Group holding company Porsche SE recently joined as new investors. The company is headquartered in Haifa with offices in New Jersey, California, India and Taiwan.

Founded in 2017, proteanTecs provides deep data and advanced cloud and edge enterprise monitoring solutions for advanced electronics in the data center, automotive, communications and mobile markets, enabling customers to develop their respective operations. Its analytics platform uses proprietary chip-based telemetry data and machine learning to secure end-to-end system visibility to monitor performance and provide predictive insights to prevent malfunctions.

“As technologies advance and usage requirements increase, monitoring and analytics are imperative to achieve scale and predictability,” said Shai Cohen, CEO and co-founder of proteanTecs. “Helping companies transform production and services by providing essential business information is part of our DNA. We look forward to working with our new partners as we enter an exciting new phase of business growth.

“ProteanTecs’ software provides unique visibility into the reliability and security of electronic systems, which will remove barriers for customers as they continue to scale their businesses with more advanced chips,” said Lee Fixel of Addition. “We look forward to supporting the proteanTecs team as they expand their global footprint and continue to drive innovation for electronics performance monitoring.”

Comments are closed.