Advantest, MediaTek invest in chip-monitor startup

Advantest, MediaTek invest in chip-monitor startup

Business news |
By Peter Clarke

The round extension was led by Koch Industries and included MediaTek and Advantest, together with Porsche SE and Champion Motors, as well as current investors. The extension brings the company’s total funding to $150 million.

The firm was founded in 2017 and has proposed the use of software agents embedded in chips to monitor integrated circuits and systems to predict failures. The proposed technology makes use of artificial intelligence, analytics on-chip and cloud-based services to monitor and predict reliability of the chip throughout its life. The technology is also of use at the system and service level.

Based on data derived from Universal Chip Telemetry (UCT), proteanTecs provides cloud and edge enterprise software to monitor electronic systemss’ health and performance.

Lutz Meschke, member of the board of management responsible for investment management at Porsche SE, said his company sees market potential for poteanTecs’ technology in predictive reliability, performance and power management in the automotive industry.

Founded in 2017, proteanTecs is headquartered in Israel with offices in New Jersey, California and Taiwan.

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