About Protedyne
Protedyne is a company based in Windsor Locks (United States) founded in 2000 was acquired by LabCorp in June 2007.. Protedyne has raised $22 million across 2 funding rounds from investors including LabCorp, Credit Suisse and Allen & Company. Protedyne offers products and services including Propel System and Matrix System. Protedyne operates in a competitive market with competitors including Opentrons, Aethon, Transcriptic, Andrew Alliance and Hamilton Company, among others.
- Headquarter Windsor Locks, United States
-
Sectors
HealthcareIndustrial Goods & Manufacturing
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Protedyne Corporation, Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Protedyne
Protedyne offers a comprehensive portfolio of products and services, including Propel System and Matrix System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Robotic system for automated diagnostic testing in laboratories.
Advanced robotic device for medical technology automation processes.
Funding Insights of Protedyne
Protedyne has successfully raised a total of $22M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $10 million completed in August 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $10.0M
-
First Round
First Round
(11 Oct 2001)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2005 | Amount | Series D - Protedyne | Valuation |
investors |
|
| Oct, 2001 | Amount | Series B - Protedyne | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Protedyne
Protedyne has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include LabCorp, Credit Suisse and Allen & Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
FinTech & Media focused seed and early stage VC firm investing in the US
|
Founded Year | Domain | Location | |
|
Early stage venture capital firm investing in the US
|
Founded Year | Domain | Location | |
|
Buyouts in private equity are targeted by MVP Capital Partners.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Protedyne
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Protedyne
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Protedyne Comparisons
Competitors of Protedyne
Protedyne operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Opentrons, Aethon, Transcriptic, Andrew Alliance and Hamilton Company, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pipetting robots for laboratory automation are developed.
|
|
| domain | founded_year | HQ Location |
Autonomous robots are deployed for hospital internal logistics and deliveries.
|
|
| domain | founded_year | HQ Location |
Cloud-based robotic bio-lab services are delivered remotely for experiment execution.
|
|
| domain | founded_year | HQ Location |
Provider of automated liquid handling tools and software for scientific labs
|
|
| domain | founded_year | HQ Location |
Developer of automated liquid handling systems
|
|
| domain | founded_year | HQ Location |
Scalable robotic platforms are provided for microbiology lab automation.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Protedyne
When was Protedyne founded?
Protedyne was founded in 2000 and raised its 1st funding round 1 year after it was founded.
Where is Protedyne located?
Protedyne is headquartered in Windsor Locks, United States. It is registered at Windsor Locks, Connecticut, United States.
Is Protedyne a funded company?
Protedyne is a funded company, having raised a total of $22M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12M, raised on Oct 11, 2001.
What does Protedyne do?
Protedyne was founded in 2000 and is based in Windsor Locks, United States. Robotic platforms are developed by the company for use in pharmaceutical and biotech sectors, supporting high-throughput diagnostic testing. Equipment is provided for LabCorp, a major medical laboratory services provider. The Radius bench-top system is designed with industrial automation principles and features an inverted SCARA robot.
Who are the top competitors of Protedyne?
Protedyne's top competitors include Aethon, Opentrons and Andrew Alliance.
What products or services does Protedyne offer?
Protedyne offers Propel System and Matrix System.
Who are Protedyne's investors?
Protedyne has 7 investors. Key investors include LabCorp, Credit Suisse, Allen & Company, Village Ventures, and BlueHub Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.