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Proteus Digital Health restructuring amid reported funding woes

December 9, 2019 By Nancy Crotti

Proteus Digital HealthProteus Digital Health updated logo said today that it is restructuring, reportedly because it failed to close a $100 million funding round.

A report by CNBC said the Redwood City, Calif.-based company missed the funding target. Once valued at $1.5 billion, the company previously raised $420 million from investors including Novartis Venture Fund and Kaiser Permanente Ventures, according to an April report by Forbes.

Get the full story on our sister site, MassDevice.

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Pharmaceuticals Tagged With: Proteus Digital Health

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