Israeli “chip health” startup proteanTecs raises $35 million

Israel-founded “electronics health” startup proteanTecs has landed a $35 million funding round from a group of VCs including Avigdor Willenz, Intel Capital, ITI Venture Capital Partners, Mitsubishi UFJ Capital, Redline Capital Management S.A., Viola Ventures, WRVI Capital, Zeev Ventures, and others. This round brings the total amount raised by the company to some $50 million.

The product of proteanTecs is a combination of hardware agents embedded in chips and the software that analyses the performance of electronic systems and predicts failures before they happen.

“ significantly improves chip and system production quality, while tracking operational reliability and alerting on faults before they become failures,” said Shai Cohen, the startup's co-founder and CEO. “proteanTecs provides unprecedented insights throughout the value chain, from chip vendors to system vendors and digital service providers.”

Image credit: Adi Goldstein on Unsplash