Baltimore, MD-based Protenus, a provider healthcare compliance anlaytics has raised $11 million in Series B funding co-led by F-Prime Capital Partners and Kaiser Permanente Ventures, with participation from Arthur Ventures, Lionbird Venture Capital, and Cognosante Ventures. The company plans to use the funding to accelerate sales and customer support hiring, as well as R&D to expand platform capabilities.
Founded in 2014, the Protenus platform makes an analytical assessment of every digital “touch” of health data by any employee, contractor or affiliated physician, saving time and energy across privacy, security and IT teams. Using clinically-aware artificial intelligence, the platform understands when workforce members are acting outside the bounds of appropriate behavior, to an accuracy of up to 99.5 percent. The platform also assesses the risk these inappropriate accesses represent to the institution, based on the activities performed by bad actors while in the medical record.
“Patients deserve reassurance that their most sensitive health information is only accessed by people with a good reason to do so,” said Protenus Co-Founder and President Robert Lord in a statement. “We are delighted that F-Prime and Kaiser Permanente Ventures have joined us on our mission to bring our technology to every health system in North America. With their deep expertise in healthcare, cybersecurity, enterprise technology, and artificial intelligence, we could not ask for better partners to continue to scale our vision.”