Addition Capital

Assembly Line

ProteanTecs strengthens its AI-enabled chip analytics platform, raises $45M

📅 Date:

🔖 Topics: funding event

🏢 Organizations: ProteanTecs, Addition Capital

ProteanTecs, an Israel-based company providing deep data solutions for electronics health and performance monitoring, today announced it raised $45 million. ProteanTecs claims it’s built advanced cloud and edge enterprise solutions that monitor the health and performance of chips powering electronics from design to field.

ProteanTecs says this additional capital will help to accelerate its market reach by expanding its global team, enabling the company to continue to innovate and enhance its product offering. The company also claims it will mark a significant milestone in the company’s growth strategy and builds on its growth equity round. The funding round was solely led by Addition. ProteanTecs was founded in 2017 and has raised almost $200 million since inception.

Read more at VentureBeat