Strategic investment in proteanTecs from industry leaders MediaTek and Advantest joined by Porsche Automobil Holding SE to advance electronics health monitoring
Validates the need for multi-segment visibility from production to system operation
HAIFA, Israel, September 24, 2021 / PRNewswire / – proteanTecs, a global leader in deep data solutions for advanced electronics, today announced a $ 50 million extending their Growth Equity Round, demonstrating the accelerated market adoption of health and system performance monitoring across multiple verticals. The extension of the cycle was led by Koch Disruptive Technologies (KDT) and joined by strategic investors MediaTek and Advantest, as well as Porsche SE, the largest shareholder of the Volkswagen Group, and the subsidiary of Allied Group Champion Motors, as well as current investors. This brings the total financing of the company to $ 150 million.
Based on in-depth data derived from Universal Chip Telemetry â¢ (UCT), proteanTecs provides enterprise cloud and edge software solutions for monitoring the health and performance of electronics. Serving the end-to-end needs of critical markets, the company serves some of the largest and most technologically innovative companies in the data center, automotive and communications industries.
The strategic investment reinforces the growing need for full lifecycle visibility, covering all segments of the electronics industry. Eli groner, Managing Director of KDT, commented: âSince KDT’s first investment in proteanTecs, we have seen their continued success in scaling and developing their technology, and this new investment is a testament to our confidence in the business. The addition of leading strategic partners across multiple verticals will allow proteanTecs to continue to stay ahead in the exciting new world of real-time electronic monitoring. “
One of the main drivers of the paradigm shift towards an integrative approach is the automotive industry, which is entering the next phase of its electrification, driven by increasing customer demands for security and connectivity.
Lutz Meschke, member of the board responsible for investment management at Porsche SE, said: âDue to rapid technological advancements and ever increasing demands for new generations of chips, we see enormous market potential for the technology of proteanTecs leveraging predictive reliability. , performance and power management. We see clear benefits and the need to use this technology in a wide range of industries, including the automotive industry. “
Driven by advancements in the digital revolution and driven by the complexities of design and manufacturing, advanced analytics are also transforming the way production testing is performed. Advantest, a leading manufacturer of automatic test equipment, strategically strengthens its core business by integrating traditional silos throughout the product lifecycle via cloud-based data.
“We are delighted to add proteanTecs to our investment portfolio and welcome their collaboration into the Advantest Cloud Solutions open solutions ecosystem,” said Doug Lefever, President and CEO of Advantest America. âThe way we approach testing today has changed. We are strategically moving to an integrated methodology, leveraging cloud and edge analytics based on multiple data sources. We look forward to working with proteanTecs on the next phase of semiconductor testing, finding innovative and scalable solutions. way to shape the future of testing platforms. “
Another key element of dynamic collaboration is the versatile deployment of advanced electronics. MediaTek, a global leader in semiconductors, has benefited from the pioneer advantage in AI and 5G, providing chipsets for smart home, connectivity, IoT and wearable devices, ASICs and devices smart mobiles.
âThe investment in proteanTecs aligns with our commitment to bring cross-platform technologies that help connect users to the world around them,â said Brian hsu, Managing Partner of MediaTek Capital. âRobust, high efficiency and low power consumption integrated circuits are essential to drive a scalable digital future. We believe that synergies from strong technology portfolios and predictive performance capabilities of proteanTecs will increase product value and enable unique competitive advantages.
The addition of strategic investors follows a momentous year for proteanTecs. In 2020-2021, the company onboarded key customers including cloud hyperscalers, leading OEM system manufacturers, disruptive factory-less startups and ASIC companies, enabling the formation of a portfolio of value-added solutions. The extended funding will be used to fuel global expansion, accelerate product development and pursue strategic collaborations.
“The investment will strengthen the technological and business leadership of proteanTecs,” said Shai cohen, CEO and co-founder of proteanTecs. âThis reinforces our strategy of bringing together the diverse perspectives of market leaders to solve a cross-stakes challenge, while validating the need for advanced monitoring solutions from design to field. We are grateful for the support and shared vision of existing and new investors. to bring a common data language to the industry. “
About Porsche SE
Porsche Automobil Holding SE (“Porsche SE”) is a listed investment company and a major shareholder of Volkswagen AG, in which Porsche SE holds 53.3% of the ordinary shares and 31.4% of the capital. In addition to the main stake in Volkswagen AG, Porsche SE is a global investor in the mobility and industrial technology sectors. Porsche SE focuses on high quality growth companies that thrive on strong macroeconomic trends and are led by excellent management teams.
About Advantest Corporation
Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications such as 5G communications, Internet of Things (IoT), vehicles autonomous, artificial intelligence (AI), machine learning, intelligent medical devices and more. Its advanced systems and products are integrated into the world’s most advanced semiconductor production lines. The company also conducts R&D activities to address emerging test challenges and applications, produces multivision metrology scanning electron microscopes essential for photomask manufacturing, and offers revolutionary 3D imaging and analysis tools. Founded in Tokyo in 1954, Advantest was a global company with facilities around the world and an international commitment to sustainable practices and social responsibility. More information is available at www.advantest.com.
About MediaTek Inc.
MediaTek Incorporated (TWSE: 2454) is a global factory-less semiconductor company that powers nearly 2 billion connected devices per year. We are a market leader in the development of innovative systems on a chip (SoC) for mobile devices, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a market driving force in several key technology areas including energy efficient mobile technologies, automotive solutions and a wide range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, voice assistant devices. (VAD) and wearables. MediaTek empowers and inspires people to broaden their horizons and achieve their goals through smart technology, easier and more efficiently than ever. We work with the brands you love to make cutting edge technology accessible to everyone, and that’s what drives everything we do. Visit www.mediatek.com for more information.
Koch Disruptive Technologies (KDT) is a unique investment company focused on empowering founders to create a world of potential. KDT offers a flexible multi-stage investment approach that includes both traditional stages of business and growth. We work with principle entrepreneurs who are building transformative businesses, disrupting the status quo, and creating new platforms. KDT is a subsidiary of Koch Industries, one of the largest private companies in the world with 110 billion dollars of turnover and present in more than 70 countries. KDT helps its partners unlock their full potential by bringing them Koch’s capabilities and network, structuring unique capital solutions and adopting a long-term mutual benefit mindset.
proteanTecs develops revolutionary Universal Chip Telemetry â¢ (UCT) technology for electronic systems throughout their lifecycle, thereby increasing their performance and reliability. By applying machine learning to new data created by on-chip UCT agents, proteanTecs delivers meaningful insights and visibility unattainable until today, leading to new levels of quality, reliability and scale. Founded in 2017, the company is based in Israel with offices in New Jersey, California and Taiwan. For more information visit: www.proteanTecs.com.
Tamar Naishlos, Media Relations