proteanTecs named #1 most promising startup in Israel

proteanTecs named #1 most promising startup in Israel

Published: 21-12-2022 08:14:00 | By: Pie Kamau | hits: 4240 | Tags:

proteanTecs, a global pioneer of deep data analytics for advanced electronics, has been named the Most Promising Israeli Startup 2022 by Globes, an Israeli business publication. proteanTecs topped the annual list of 10 groundbreaking startups, which is selected based on nominations from leading local and foreign investment firms who operate in the Israeli high-tech market. This year 86 different firms participated in the thorough selection process.

Shai Cohen, Co-founder and CEO, proteanTecs: "We are incredibly honored to be recognized as the Globes' Most Promising Israeli Startup. This coveted award is a testament to our team's hard work and determination over the last five years, and it serves as validation from the investment community on our future success."

Now in its 17th year, the Globes' Most Promising Startup list is the longest established startup ranking in Israel. Often referred to as the Startup Nation, Israel has over 6,000 active startups and has the most technology companies and engineers per capita. proteanTecs' founders also co-founded Mellanox, the Israeli success story that topped the Globes' ranking in 2005 - two years before they went public on the NASDAQ, eventually being acquired by NVIDIA for $6.9 billion.

Assaf Gilead, Tech Editor, Globes: "proteanTecs appears to be generating an industry buzz the likes of which we don't see often. Its business model is the thing revolutionizing the chip market, thanks to the practices it brings from the software industry. Using the data continuously transmitted by sensors, proteanTecs offers a service that checks the health and integrity of the chip, from the planning and production stages, and on through years of use."