What is Protenus?
Protenus operates at the critical intersection of healthcare and data privacy. The company leverages big data techniques, machine learning, and advanced data science to analyze user access to patient data within EHR systems. By scrutinizing the appropriateness of each access, Protenus aims to safeguard sensitive patient information, a crucial concern in modern healthcare. Founded in 2014 and headquartered in Baltimore, Maryland, Protenus was established by former medical school students, bringing a unique understanding of clinical workflows and privacy challenges. Their platform is designed to provide robust protection against unauthorized data access, ensuring compliance and patient trust.
How much funding has Protenus raised?
Protenus has raised a total of $52.6M across 7 funding rounds:
Other Financing Round
$50K
Debt
$770K
Other Financing Round
$150K
Series A
$2.6M
Series B
$11M
Series C
$17M
Series D
$21M
Other Financing Round (2014): $50K with participation from Dream iT Ventures
Debt (2014): $770K, investors not publicly disclosed
Other Financing Round (2015): $150K supported by Tedco
Series A (2016): $2.6M featuring Dreamit Ventures, Cognosante, Tedco, Arthur Ventures, LionBird Venture Capital, and Baltimore Angels
Series B (2018): $11M backed by Arthur Ventures, F-Prime Capital Partners, Kaiser Permanente Ventures, and Lionbird Venture Capital
Series C (2019): $17M with participation from F-Prime Capital, Lionbird, Arthur Ventures, Kaiser Permanente Ventures, LTP, and Providence Ventures
Series D (2021): $21M led by Kaiser Permanente Ventures, F-Prime Capital Partners, Transformation Capital, Providence Ventures, Arthur Ventures, MemorialCare Innovation Fund, LionBird, and Gaingels
Key Investors in Protenus
Kaiser Permanente Ventures
Kaiser Permanente Ventures is a national leader in strategic venture investing in healthcare, focusing on advancing healthcare innovation. The company partners with entrepreneurs to build promising healthcare solutions that provide clear value for patients, providers, and healthcare delivery systems.
F-Prime Capital Partners
Founded in 2002, F-Prime Capital provides a team of investors, engineers, doctors, and scientists dedicated to investing in health care and technology for other companies. F-Prime Capital is located in Massachusetts.
Arthur Ventures
Arthur Ventures is an early growth capital firm that specializes in leading investments in B2B software companies across the U.S. and Canada. The firm aims to support companies in their growth phase and is focused on maximizing value in this sector.
What's next for Protenus?
The recent major strategic investment in Protenus signals a pivotal phase for the company, likely aimed at accelerating product development, expanding market reach, and enhancing its data privacy solutions. With substantial backing, Protenus is well-positioned to further innovate in the health-tech space, addressing the growing demand for robust patient privacy measures in an increasingly digital healthcare landscape. Future growth may involve deeper integration with EHR systems, development of new analytical tools, and strategic partnerships to broaden its impact across healthcare organizations. The company's sustained access to capital suggests a strong market validation and a clear path toward scaling its operations and solidifying its leadership in patient privacy protection.
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