Protocol Labs, Inc. announced it raised $51.7 Million in an amended filing from an offering of $51.7 Million

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Protoco is also headquartered in St. Petersburg, Florida, and specializes in streamlining the RFP (request for proposal) process. It helps companies set up and analyze new vendor bids in the earlier stages before a tool like Bedrock comes into play. The company was acquired by Bedrock to integrate its RFP automation into Bedrock’s supplier management solution.