On September 23rd, we officially announced a $50 million strategic extension to our Growth Equity Round. We are proud to welcome our new investors: Porsche SE, MediaTek, Advantest and Champion Motors to our strong investor portfolio and to continue our partnership with our longstanding investors. I would like to thank Koch Disruptive Technologies as well for leading this round. The market continues to demonstrate and emphasize the growing importance of full lifecycle health and performance monitoring across the electronics industry.
This is a very exciting time for proteanTecs and our growing client base. The investment will strengthen proteanTecs’ market leadership by bringing together market leaders from all segments of the industry. It solidifies our strategy of combining diverse viewpoints to solve a cross-stake challenge, while validating the need for advanced monitoring solutions from design to field. We’re grateful for the existing and new investors’ support and shared vision to bring a common data language to the industry.
2020-2021 was a tremendous year for us. We onboarded key customers, including cloud hyperscalers, leading system OEMs, disruptive fabless startups, and ASIC houses, enabling the formation of a value-add solution portfolio. The extended financing will be used to fuel global expansion, accelerate product development, and pursue strategic collaborations.
Our success is not only a measure of our technology. It is especially the result of the deep commitment of our employees and incredible team. I am very grateful to all our staff; we could not have reached this milestone without you.
For more information on the investment round, I invite you to read our full press release here.
We’re predicting a bright future ahead my friends.