Chip Monitoring Startup ProteanTecs Secures $51M

ProteanTecs, an Israeli startup focused on chip performance optimization, has closed a $51 million Series D round. The funding was led by IAG Capital and brings the company's total capital raised to over $250 million.

The round included strategic investments from industry leaders like Arm Holdings, Samsung, Intel, and MediaTek. Additionally, Siemens, Zeev Ventures, Porsche Automobil Holding SE, and Koch Disruptive Technologies participated.

AI-Powered Chip Health Monitoring

ProteanTecs develops software that monitors the health and performance of computer processors. The platform embeds tiny monitoring circuits directly into chips to gather telemetry data on characteristics like heat and power. This approach to chip performance optimization is gaining traction in the competitive semiconductor industry.

Subsequently, artificial intelligence algorithms process this data, analyzing billions of parameters to identify potential design flaws. For instance, the software can pinpoint areas of a chip most sensitive to heat, allowing for design tweaks that improve energy efficiency and challenge solutions from firms like Synopsys.

This technology helps reduce development costs and accelerates time-to-market for new processors.

The company's deep-analytics approach provides a different layer of insight compared to broader EDA tools from companies such as Cadence Design Systems. ProteanTecs also embeds its circuits into finished processors for ongoing quality control. This allows devices in a data center or personal computer to track chip health and flag issues before they cause failures.

The new capital will be used to expand business operations and accelerate product development. ProteanTecs plans to enhance its integrations and roll out its chip performance optimization solutions with major customers in the automotive, telecommunications, and consumer electronics sectors. Founded in 2017 by former Mellanox executives, the company provides advanced chip performance optimization from its headquarters in Israel and offices in the U.S., Taiwan, and India.