Baltimore health IT startup Protenus Inc. has raised $2.6 million of a $4 million equity funding round, according to documents filed with the federal Securities and Exchange Commission.
Protenus founder Robert Lord declined to discuss the round because it is still in progress. The SEC report doesn’t necessarily tell the whole story of what’s going on at Protenus — the numbers reported are subject to change, as is the nature of the funding. But the early report at the very least tells us that Protenus, a startup launched by two Johns Hopkins medical students, is making moves and one to keep an eye on.
Protenus specializes in security tools designed to protect patient information and electronic medical records from insider threats. Lord and co-founder Nick Culbertson came up with the idea as medical students at Johns Hopkins and founded the company in 2014.
Johns Hopkins Hospital is among the company’s early clients.
In February, Protenus joined Sage Growth Partners’ venture management program as a way to speed up development of the company, strengthen its business plan and connect with more clients.
Canton-based Sage Growth Partners is a consulting firm that specializes in health care.
Date: January 28, 2016