Protenus Raises $11 Million

Staff

7 years ago

Healthcare compliance analytics company Protenus today announced an $11 million in new investment. The round was co-led by F-Prime Capital Partners and Kaiser Permanente Ventures, with Arthur Ventures, Lionbird Venture Capital, and Cognosante Ventures also participating.

The Protenus platform is currently used by top health systems and academic medical centers across the country. It uses artificial intelligence to analyze every single action inside a medical records system. According to the company, hospitals gain insight into how their health data is used, in order to better protect it.

“Health systems today have big challenges when it comes to protecting patient data,” said Nick Culbertson, Protenus’s co-founder and chief executive officer. “We ask our credit card companies to validate every transaction and alert us to anomalous charges. Why shouldn’t we be asking health systems to audit everyone who accesses patient data? Similar principles apply, and the technology is available.”

The new funding will be used to accelerate sales and customer support hiring, as well as for R&D to expand platform capabilities.

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