proteanTecs Established an Automotive Division
12 October, 2020
proteanTecs invented a new chip telemetry technology using dedicated on-chip agents to collect data for smart analysis. In August 2020 it raised $45 million
Above: Gal Crmal, GM of its new Automotive Business Unit. Photo: Linkedin
proteanTecs from Haifa, Israel, expands its in-chip monitoring technology into the Automotive business segment , and recruited industry veteran Gal Carmel as GM of its new Automotive Business Unit. Carmel previously served as Chief Technology and Production Engineering of Samsung Smart Machines, building from the ground-up Samsung’s ADAS/AV technology. Prior to that, he held key roles at Mobileye (acquired by Intel in 2017 for $15.3B).
proteanTecs develops develops a technology called Universal Chip Telemetry, that enables digital systems to report on their own health and performance, throughout their entire lifecycle. During chip design, Agents are seamlessly embedded in the chip to create high coverage data on the chip’s profiling, health and performance. By applying machine learning to the data created these on-chip Agents, proteanTecs provides meaningful insights and visibility, during production and while in-field.
Automotive electronics wave of innovation
“In order to ensure the stringent safety and reliability requirements of critical functions, the automotive industry needs much deeper visibility,” said Gal Carmel. “proteanTecs is leading a transformative approach to provide predictive fault detection and fleet management tools, based on chip telemetry.” According to the company, it already serves large electronics companies in Datacenter, Cloud Computing, Artificial Intelligence and Communications industries.
Shai Cohen, CEO of proteanTecs, said that the investment in Automotive is a strategic movr. “The sector currently accounts for 9% of global semiconductor revenue, with electric cars set to take a global market share of 30% by 2030. Automotive electronics are in the midst of the next wave of innovation.”
Founded in 2017, the company is headquartered in Israel with offices in New Jersey, California, Germany and Taiwan. In August 2020 it closed a growth equity financing round of $45M, led by Koch Disruptive Technologies (KDT) and joined by Valor Equity Partners and Atreides Management.