About Protenus
Protenus is a company based in Baltimore (United States) founded in 2014 was acquired by Bluesight in January 2025.. Protenus has raised $61 million across 8 funding rounds from investors including Bluesight, Cognosante and MemorialCare Health System. The company has 95 employees as of December 31, 2022. Protenus offers products and services including RFID Medication Management, KitCheck Anywhere, ControlCheck, CostCheck, and Patient Privacy Monitoring. Protenus operates in a competitive market with competitors including Imprivata, Datavant, Clearwave, Phynd and z-waka, among others.
- Headquarter Baltimore, United States
- Employees 95 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
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Website
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Social
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Products & Services of Protenus
Protenus offers a comprehensive portfolio of products and services, including RFID Medication Management, KitCheck Anywhere, ControlCheck, CostCheck, and Patient Privacy Monitoring. 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.
Automates restocking and tracking of medications in hospitals.
Proactively detects and addresses drug diversion in healthcare settings.
Modernizes drug purchasing processes for retail efficiency.
Optimizes drug spend and ensures 340B program adherence.
Identifies privacy violations to strengthen healthcare compliance.
Funding Insights of Protenus
Protenus has successfully raised a total of $61M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $21 million completed in May 2021. 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 8
- Last Round Series D — $21.0M
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First Round
First Round
(08 May 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series D - Protenus | Valuation |
investors |
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| May, 2019 | Amount | Series C - Protenus | Valuation | Transformation Capital | |
| Jan, 2018 | Amount | Series B - Protenus | Valuation | F-Prime Capital , Kaiser Permanente Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Protenus
Protenus has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Bluesight, Cognosante and MemorialCare Health System. 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 |
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Healthcare startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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Tech and Life Sciences focused corporate VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Protenus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Protenus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Protenus Comparisons
Competitors of Protenus
Protenus 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 Imprivata, Datavant, Clearwave, Phynd and z-waka, 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 |
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| domain | founded_year | HQ Location |
Cloud-based authentication and secure communication solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Secure patient data access is enabled through a healthcare platform.
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| domain | founded_year | HQ Location |
Clearwave is recognized as a leading patient revenue platform.
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| domain | founded_year | HQ Location |
Unified platform for sharing provider information across healthcare organizations
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| domain | founded_year | HQ Location |
Medical record management solutions are offered to healthcare providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Protenus
Frequently Asked Questions about Protenus
When was Protenus founded?
Protenus was founded in 2014.
Where is Protenus located?
Protenus is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Is Protenus a funded company?
Protenus is a funded company, having raised a total of $61M across 8 funding rounds to date. The company's 1st funding round was a Series B of $11M, raised on May 08, 2014.
How many employees does Protenus have?
As of Dec 31, 2022, the latest employee count at Protenus is 95.
What does Protenus do?
Protenus was founded in 2014 in Baltimore, United States, with operations centered on the healthcare sector. AI-driven solutions are offered to monitor electronic medical record access in real time, identifying deviations from institutional baselines to address insider threats. Integration with existing hospital systems is facilitated, alongside visualization of clinical and administrative workflows. Employee behavior is tracked to enhance patient privacy and reduce risks of legal and financial penalties.
Who are the top competitors of Protenus?
What products or services does Protenus offer?
Protenus offers RFID Medication Management, KitCheck Anywhere, ControlCheck, CostCheck, and Patient Privacy Monitoring.
Who are Protenus's investors?
Protenus has 14 investors. Key investors include Bluesight, Cognosante, MemorialCare Health System, TEDCO, and Transformation Capital.
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