Source: TechCrunch
Patlytics, an AI-powered patent analytics platform, wants to help enterprises, IP professionals and law firms speed up their patent workflows, from discovery, analytics, comparisons and prosecution to litigation.
The fledgling startup secured $4.5 million in seed funding, oversubscribed and closed in a few days, led by Google’s AI-focused VC arm, Gradient Ventures.
“The AI revolution in patent intelligence is not just about efficiency; it’s about transforming how patent professionals strategize and engage with the entire patent lifecycle,” Lee said in an exclusive interview with TechCrunch. “Recognizing the intricate blend of technical and legal expertise required for patent work, we’ve developed our platform to be an indispensable ally for patent professionals.”
What sets the startup apart from its industry peers like Anaqua, Clarivate and Patsnap is that Patlytics is “the sole provider offering end drafts and extensive chart solutions” in its current AI-first approach in terms of insights and analytics, Lee explained.
Read full article: https://techcrunch.com/2024/04/11/googles-gradient-backs-patytics-to-help-companies-protect-their-intellectual-property/
