Source: Solve Intelligence
Solve Intelligence raises $12M Series A to scale its AI-for-patents platform with backing from Microsoft (via M12), Thomson Reuters (via TRV), and 20VC, with participation from existing investor Y Combinator and others.
Solve Intelligence is focused on building the best possible AI-for-patents products for our customers. With M12 and Thomson Reuters participating in this Series A round as strategic investors, it will enable Solve Intelligence to deliver the best AI product for patent attorneys.
Microsoft Azure uses state-of-the-art security, and security and confidentiality are the number one priorities of both Solve Intelligence and their customers. The investment from M12, Microsoft’s venture fund, will help Solve Intelligence unlock greater access to secure Azure compute resources, will enable them to serve state-of-the-art AI systems specialized for patents at scale in a 100% secure and confidential environment. Additionally, legal workflows are deeply embedded in Microsoft products, such as Microsoft Word.
Thomson Reuters is a phenomenally successful legal tech company. In addition to opening up more sales and distribution channels for Solve Intelligence as they continue to scale into more global and AmLaw firms, product integrations with Westlaw and CoCounsel are potentially on the horizon, and this will enable them to leverage proprietary legal and case law data sets as they expand their product offering.
The Series A is going to help Solve Intelligence scale the discovery and recruitment of unique talents to expand their product offering. The company is already working with some of the largest pharmaceutical companies and top law firms in the World to expand their patent drafting and patent prosecution functionality to help with sequence listing, large molecule, and antibody patents. The funds will be used to double-down on R&D investment to build more functionality for life sciences customers.
In addition, Solve Intelligence be investing heavily in expanding their product offering beyond AI patent application drafting and AI office action response prosecution into AI freedom to operate analysis, AI claim chart generation, AI patent licensing, and AI patent litigation, as well as AI patent portfolio analysis and AI management tools for in-house IP teams.
Read the full article: https://www.solveintelligence.com/blog/post/series-a-funding-to-build-ai-for-patents
