What is Protenus?
Protenus operates at the critical intersection of healthcare technology and patient privacy. The company leverages sophisticated big data techniques, including machine learning and advanced data science, to analyze user access patterns within EHR systems. By scrutinizing the clinical behavior and context of individuals accessing patient data, Protenus provides a vital layer of security, ensuring that privacy regulations are strictly adhered to. Founded in 2014 and headquartered in Baltimore, Maryland, Protenus was established by former medical school students who recognized the urgent need for enhanced data protection in healthcare.
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, LionBird Venture Capital, Baltimore Angels, Tedco, Arthur Ventures, and Cognosante
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 LTP, Providence Ventures, F-Prime Capital, Lionbird, Arthur Ventures, and Kaiser Permanente 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
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, aiming to support companies in their growth phase and maximize value.
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, based in Massachusetts.
Kaiser Permanente Ventures
Kaiser Permanente Ventures is a national leader in strategic venture investing in healthcare, focusing on advancing healthcare innovation and partnering with entrepreneurs to build promising healthcare solutions.
What's next for Protenus?
The substantial enterprise-level funding and major strategic investment received by Protenus signal a strong validation of its technology and market position. This capital infusion is expected to fuel further development of its innovative platform, expand its market reach, and enhance its capabilities in addressing complex healthcare data privacy challenges. As the healthcare industry continues its digital transformation, Protenus is strategically positioned to lead in providing essential privacy-preserving solutions, likely focusing on scaling its operations and deepening its technological advancements.
See full Protenus company page
