Chip-monitor startup in production, grabs more capital

Chip-monitor startup in production, grabs more capital
Business news |
Startup proteanTecs Ltd. (Haifa, Israel), which proposes the use of on-chip machine-learning to monitor chip function, has raised an equity financing round of $45 million.
By Peter Clarke

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The company was founded in 2017 and the latest round comes on top of one announced in April 2019 (see Startup raises funds for chip-health monitor) and brings the total invested in the company to more than $80 million.

The round was led by Koch Disruptive Technologies (KDT) and joined by Valor Equity Partners and Atreides Management, as well as existing investors.

“We’ll use the investment to enhance our product offering and expand our global footprint so that we can offer even greater value to chip vendors, system integrators and service providers, as they navigate the challenges of scale in the industry,” said Shai Cohen, CEO of proteanTecs, in a statement.

In the era of the system chip, the use of on-chip monitoring has the potential to increase production yield. In the field power efficiency and reliability can be improved by monitoring function and managing such things as wear-leveling in memories and processor ALUs.

ProteanTecs IP has designed into chips and produced in high-volumes in process technologies at below 10nm complexity, the company said.

The company includes Intel Capital and WRVI Captal amongst its investors

Related links and articles:

www.proteantecs.com

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