proteanTecs gains $51M Series D for electronics monitoring

proteanTecs, a global leader in deep data solutions providing visibility into the health and performance of electronics, announced it has closed a Series D funding round, raising $51 million. The round was led by IAG Capital Partners, with new strategic investors Samsung Catalyst Fund, Arm, and Siemens. Existing investors Addition, Zeev Ventures, Avigdor Willenz Group, MediaTek Innovation Fund, Intel Capital, Porsche SE, and Koch Disruptive Technologies (KDT) also continue to support the company.

proteanTecs’ telemetry-based solutions optimize power consumption, improve performance, and increase system reliability and safety through predictive monitoring throughout the entire lifecycle. The company has already established itself as a trusted partner to cloud hyperscalers and major semiconductor manufacturers, and is rapidly expanding its business into the automotive, consumer electronics, and communications sectors.

The latest funding will be used by proteanTecs to further scale up its operations, grow in key markets, develop new products and further integrate across the electronics value chain.

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“We are thrilled to partner with ProteanTecs to bring this technology to market,” said Shai Cohen, co-founder and CEO of proteanTecs.

“This funding, supported by world-leading partners, marks the beginning of a new chapter for us. We are extremely grateful for the trust and support shown to us by our existing and new investors. We will continue to accelerate our global expansion, deepen our collaboration with key customers, and reshape the way electronics are designed and used through new innovations.”

proteanTecs is a leading provider of deep data analytics for advanced electronics monitoring. Trusted by global leaders in the data center, automotive, communications, and mobile markets, the company delivers system health and performance monitoring from the factory floor to the field. By applying machine learning to the new data generated by on-chip monitors, the company’s deep data analytics solutions deliver unparalleled visibility and actionable insights for clear countermeasures, enabling new levels of quality and reliability. Founded in 2017, the company is backed by leading global investors and is headquartered in Israel with offices in the United States, India, and Taiwan.

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