The Israeli startup developed deep data-based technology for monitoring the health of electronic systems for their entire lifecycle, and for boosting performance during their continuous use.

Haifa-based startup proteanTecs, which developed a deep data-based technology for monitoring the health of electronic systems for their entire lifecycle, announced that it has completed a Series C funding round in which it raised $50 million. The latest round, which followed a round in August 2020, brings the company's total funding to $150 million. proteanTecs said it will use the funds to expand the company, accelerate development of its product and establish strategic cooperation with new partners. The round was led by Koch Disruptive Technologies.

The company, which was established in 2017, develops Universal Chip Telemetry, or UCT, for electronic systems during their entire lifecycle, and boosts their performance and reliability during their continuous use. By applying AI capabilities to new data collected by sensors embedded in the chip, proteanTecs provides new insights, improves the quality of the chip and the systems in which it is installed, and alerts users of malfunctions, thus extending the lifecycle of the product.