proteanTecs Closes $45M Growth Equity Round Led by Koch Disruptive Technologies (KDT)

Aug 27, 2020•almost 5 years ago

Amount Raised

$45 Million

Haifa

Description

proteanTecs, a leading developer of Deep Data solutions for electronics' health & performance monitoring, announced today the closing of its growth equity financing round of $45M. The round was led by Koch Disruptive Technologies (KDT) and joined by Valor Equity Partners and Atreides Management, as well as existing investors. The investment will be used to accelerate proteanTecs' market penetration and scale business operations to meet growing demands.

Company Information

Company

Protean Tecs

Location

Haifa, Haifa District, Israel

About

proteanTecs is a leading provider of deep data monitoring solutions for advanced electronics in the Datacenter, Automotive, Communications and Mobile markets. Based on Universal Chip TelemetryTM (UCT), the company provides system health and performance monitoring, from production to the field. By applying machine learning to novel data created by on-chip UCT agents, the company's analytics platform delivers predictive insights and visibility, leading to new levels of quality, reliability and scale. Founded in 2017, the company is headquartered in Israel with offices in New Jersey, California, India and Taiwan. For more information, visit: www.proteanTecs.com.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech