proteanTecs, a Haifa, Israel-based startup company that invented a solution for the prediction of failures in electronics, completed a series B financing round of $35m.
Backers included Avigdor Willenz, Intel Capital, ITI Venture Capital Partners, Mitsubishi UFJ Capital, Redline Capital Management S.A., Viola Ventures, WRVI Capital, Zeev Ventures and others.
The company intends to use the funds to further accelerate the development and adoption of its technology.
Failures can have a drastic impact, incurring monetary consequences, especially when service is abruptly discontinued. proteanTecs introduces Universal Chip Telemetry™, a new language of inferred measurements for chip health and performance monitoring.
Led by Shai Cohen, co-founder and CEO, proteanTecs provides a cloud-based platform that combines data derived from proprietary Agents embedded in chips, with machine learning and data analytics to give telemetry for electronic systems throughout their entire lifecycle. By applying machine learning to novel data created by embedded Agents, the company provides meaningful insights, leading to new levels of quality, reliability and scale.
proteanTecs’ solutions are already being used by a diversified range of customers.