proteanTecs, a Haifa, Israel-based developer of Deep Data solutions for electronics’ health & performance monitoring, closed a $45M growth equity financing round.
The round was led by Koch Disruptive Technologies (KDT) and joined by Valor Equity Partners and Atreides Management, as well as existing investors.
The company will use the funds to accelerate market penetration and scale business operations.
Led by Shai Cohen, CEO, proteanTecs enables digital systems to report on their own health and performance, throughout their entire lifecycle. By gaining Deep Data analytics based on chip telemetry, manufacturers increase production quality while brand owners optimize fleet management in the field, with alerts on faults before they become failures.
Founded in 2017, the company serves some of the largest and most technologically innovative electronics vendors across multiple industries, including Datacenter, Cloud, Artificial Intelligence and Communications.
proteanTecs has offices in New Jersey and California.