Protenus Extends Series A Funding Round
Protenus, a patient protection solution aimed at preventing health data breaches, has undergone a $3 million extension of its Series A funding round, led by Kaiser Permanente Ventures with participation from F-Prime Capital Partners and existing investor LionBird Venture Partners.
The new investment will be used to bolster its product, expand its offerings and accelerate sales growth.
The move comes as many hospitals have pivoted to using electronic health records, potentially making certain patient data more vulnerable. In 2016, over 27 million patient records were breached, according to the Protenus Breach Barometer. So far, 2017 has averaged more than one health data breach per day, with over 40 percent of these incidents attributable to insiders.