# Proteus Biomedical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/proteus-biomedical

- Industry: Medical Devices & Equipment
- Headquarters: Redwood City, US
- Website: www.proteus.bz
- Total disclosed funding: $76M
- Latest round: Series D (Oct 15, 2008)
- Investors on record: 11

## About

Proteus Biomedical, Inc. specializes in advanced technology solutions aimed at enhancing operational efficiency across various industries, particularly in healthcare, technology, and finance.Founded in Redwood City, US, Proteus Biomedical, Inc. focuses on innovative technology solutions. The company raised USD 17.5 mn in May 2012, which reflects its ongoing commitment to leveraging cutting-edge technology for operational improvements. The company has completed a total of 9 deals.Proteus.bz specializes in innovative solutions that cater to various industries through a range of advanced products and services. Their core offerings focus on delivering technology-driven solutions that enhance operational efficiency and improve user experience. The products are designed to address specific challenges faced by businesses, such as optimizing workflow processes, streamlining communication channels, and integrating data management systems. These products serve a diverse client base that includes enterprises seeking to improve productivity and scalability. Proteus.bz operates primarily in North America, Europe, and Asia, ensuring that its solutions are accessible to a global audience in sectors such as technology, finance, and healthcare.Proteus.bz generates revenue through a structured model that includes direct sales of its flagship products and subscription-based services. Clients typically engage with the company through B2B transactions, where customized solutions are developed to meet specific needs. Revenue streams may involve partnerships with other businesses that utilize Proteus.bz’s technology to enhance their service offerings. The pricing structure is established based on the complexity and scale of the solutions provided, with detailed plans tailored to individual client requirements. This approach allows Proteus.bz to maintain a steady flow of transactions while fostering long-term relationships with its clients.Proteus Biomedical, Inc. is focused on expanding its product line, with new offerings currently in design aimed at further enhancing operational efficiencies for clients. The company plans to enter additional markets in Asia and Europe by the end of 2023, utilizing the recent USD 17.5 mn funding raised in May 2012 to support these expansions and product developments. The initiatives are designed to enhance market penetration and cater to the evolving needs of its diverse client base.

## Funding rounds

- Series D, Oct 15, 2008, $32M — Adams Street Partners, Carlyle Group, Essex Woodlands, Spring Ridge Ventures, Itochu, Medtronic, St. Jude Medical, Kaiser Permanente Ventures
- Series C, May 4, 2006, $33M — Adams Street Partners, Carlyle Group, Essex Woodlands, Spring Ridge Ventures, Fletcher Spaght Ventures, Asset Management, Kaiser Permanente Ventures
- Series B, Jun 23, 2004, $11M — Adams Street Partners, Carlyle Group, Spring Ridge Ventures, Fletcher Spaght Ventures, Asset Management Ventures, Kaiser Permanente Ventures
- Series A, Apr 17, 2003, $0.3M — Spring Ridge Ventures

## Investors

- Spring Ridge Ventures (https://capitalatlas.ai/funds/spring-ridge-ventures) — Series A, Series B, Series C, Series D
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series B, Series C, Series D
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series B, Series C, Series D
- Fletcher Spaght Ventures (https://capitalatlas.ai/funds/fletcher-spaght-ventures) — Series B, Series C
- Asset Management Ventures (https://capitalatlas.ai/funds/asset-management-ventures) — Series B
- Kaiser Permanente Ventures (https://capitalatlas.ai/funds/kaiser-permanente-ventures) — Series B, Series C, Series D
- Essex Woodlands (https://capitalatlas.ai/funds/essex-woodlands) — Series C, Series D
- Asset Management — Series C
- Itochu — Series D
- Medtronic — Series D
- St. Jude Medical — Series D