An Israeli comany ProteanTecs, a leading developer of deep data solutions for monitoring the health and performance of electronics, closed a $45 million funding round. The round was led by Koch Disruptive Technologies (KDT), which is a subsidiary of Koch Industries, with the participation from Valor Equity Partners and Atreides Management. The funds raised will be used to accelerate the company’s market penetration and scale business operations to meet growing demands.
ProteanTecs develops revolutionary technology - Universal Chip Telemetry - for electronic systems throughout their entire lifecycle, improving their performance and reliability. Applying machine learning to novel data created by on-chip Agents, ProteanTecs provides unattainable until today valuable information and transparency, that leads to new levels of quality, reliability and scalability.
The company was founded in 2017 with headquarters in Israel and offices in New Jersey and California.