Protedyne

Windsor Locks, United States Founded: 2000 • Age: 26 yrs Acquired By LabCorp
Robotic platforms for lab automation are developed.
Annual revenue - Latest available
Total funding $22.0M 2 rounds
Employees - Tracked headcount
Investors 7 Known backers
Products 2 Services tracked
Competitors 10 Brand Intelligence

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
    Healthcare
    Industrial Goods & Manufacturing
  • Phone
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  • Website
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  • Social
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  • Legal Name Protedyne Corporation, Inc.
Operational Areas
Healthcare → Biotechnology, Genomics & Life Sciences Research Unlock Sub-Sector Unlock Segment
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $22 M (USD)

    in 2 rounds

  • Latest Funding Round
    $10 M (USD), Series D

    Aug 23, 2005

  • Investors
    LabCorp

    & 6 more

  • Employee Count
    Not available
  • Acquired by
    LabCorp

    (Jun 01, 2007)

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Products & Services of Protedyne

Protedyne offers a comprehensive portfolio of products and services, including Propel System and Matrix System.

Product name locked
Category locked
Primary

Robotic system for automated diagnostic testing in laboratories.

Product name locked
Category locked
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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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
FinTech & Media focused seed and early stage VC firm investing in the US
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Early stage venture capital firm investing in the US
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Buyouts in private equity are targeted by MVP Capital Partners.
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Investor details for Protedyne

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Investments & Acquisitions by Protedyne

Investments
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Investment portfolio details for Protedyne

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Financial Statements - Protedyne

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Detailed financials for Protedyne

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Protedyne Comparisons

Protedyne Primary company
Description
Robotic platforms for lab automation are developed.
Location
Windsor Locks, United States
Founded Year
2000
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Protedyne

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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.

Company Name Domain Founded year HQ Location Description
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Pipetting robots for laboratory automation are developed.
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Autonomous robots are deployed for hospital internal logistics and deliveries.
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Cloud-based robotic bio-lab services are delivered remotely for experiment execution.
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Provider of automated liquid handling tools and software for scientific labs
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Developer of automated liquid handling systems
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Scalable robotic platforms are provided for microbiology lab automation.
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Detailed competitors of Protedyne

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Latest news on Protedyne

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Complete news archive for Protedyne

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Frequently Asked Questions about Protedyne

Protedyne was founded in 2000 and raised its 1st funding round 1 year after it was founded.

Protedyne is headquartered in Windsor Locks, United States. It is registered at Windsor Locks, Connecticut, United States.

Protedyne is a funded company, having raised a total of $22M across 2 funding rounds to date.

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.

Protedyne's top competitors include Aethon, Opentrons and Andrew Alliance.

Protedyne offers Propel System and Matrix System.

Protedyne has 7 investors. Key investors include LabCorp, Credit Suisse, Allen & Company, Village Ventures, and BlueHub Capital.

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