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Image Credits:Patlytics / Co-founders:Arthur Jen (CTO) and Paul Lee (CEO)
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Patlytics , an AI - power letters patent analytics platform , wants to help enterprises , IP professional and police force firms speed up their patent workflows , fromdiscovery , analytics , comparisons and criminal prosecution to litigation .
Patlytics was co - ground by CEO Paul Lee , a former venture capitalist at Tribe , and CTO Arthur Jen , a serial enterpriser who co - found and served as CTO of the web3 notecase platform Magic . Their shared vision and complementary accomplishment repose the introduction for Patlytics , driven by their firsthand experience and a deep understanding of the industry ’s pain sensation points .
The co - founding father secern TechCrunch they see many chance in the IP infinite . Lee , who spent most of his former career investing in vertical SaaS and AI and a few sound tech startups , came across many IP companies that used antiquated technique in a workflow that ( he think ) should be digitalise . While working at Magic , Jen shell out intensively with filing and defending patents to protect company engineering .
“ The AI revolution in patent intelligence is not just about efficiency ; it ’s about transform how letters patent professionals strategize and engage with the intact patent lifecycle , ” Lee said in an exclusive interview with TechCrunch . “ recognize the intricate blend of expert and sound expertness require for patent of invention work , we ’ve modernize our political platform to be an indispensable ally for letters patent professionals . ”
Traditional patent criminal prosecution and judicial proceeding workflow , which rely heavily on manual stimulus , are complex and time - consuming , Lee bear on . The inquiry and discovery phase , which involves searching and analyzing large volume of patent information , demand significant exertion , encompassing internet searches , piecemeal manual investigating , and inherently ineffective procedures . ”
What sets the startup aside from its industriousness peer like Anaqua , Clarivate and Patsnap is that Patlytics is “ the only supplier offer end drafts and broad chart solution ” in its current AI - first approach in terms of insight and analytics , Lee excuse .
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Another difference of opinion is the political platform does n’t swear entirely on software solutions , but has a place for human participation in the appendage .
The rig recently launch its product , which isSOC-2 certify , and already serves some top - tier law business firm and a few in - house legal counsels at enterprise as customers . The company did not discover the number of clients due to confidentiality agreements . Its objective users include IP police firms and fellowship with several patents .
“ Protecting noetic holding remains a major precedency and concern requirement for information technology , strong-arm intersection and biotechnology company . As fellowship incorporate AI into their new products , ship’s company from the automobile to the pharmaceutic industry are keen to protect new invention and watch for infringement from competitors , ” enunciate Gradient ’s general collaborator , Darian Shirazi . “ We ’re excited to better half with the squad at Patlytics as they leverage the recent transformative innovations in AI to reinvent the intellectual property tribute industry . ”
The kit will use the proceeds to adorn in production and AI development and go - to - securities industry affair , aiming to overlay all relevant work flow for patent prosecution and litigation . In addition , it plans to bolster its engineering science team . The company has 11 employee .
“ Knowing that navigating the intricate landscape painting of intellectual belongings can be operose , our AI - integrated patent of invention work flow aims to enhance the efficiency and provide insights , transforming IP protection into a dynamical force shaping the future technical landscape painting , ” Jen say . “ We progress our engineering with data point security and privacy in brain , safeguarding sensitive info throughout the patent of invention lifecycle . ”
Other participants in the round included 8VC , Alumni Ventures , Gaingels , Joe Montana ’s Liquid 2 Ventures , Position Ventures , Tribe Capital and Vermilion Ventures . Notably , the round also attract a legion of saint backers , including partners at premier legal philosophy house , Datadog president Amit Agarwal , Fiscal Note founder Tim Hwang and Tapas Media beginner Chang Kim .
SoftBank , Tencent back IP analytics platform PatSnap in $ 300 molar concentration round
IPRally , a letters patent search engine powered by explainable AI , raises $ 10.8 molarity
