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Patlytics: The Platform for Creating, Protecting, Enforcing, and Defending Patents

Image Credits: iStock.com/Melpomenem
By: Headliners News / June 11, 2024

Meet Patlytics, a pioneering AI-driven patent analytics platform, is revolutionizing the way enterprises, IP professionals, and law firms manage their intellectual property (IP) portfolios. With a focus on accelerating patent workflows, from discovery and analytics to litigation, Patlytics has recently secured a remarkable $4.5 million in seed funding, led by Gradient Ventures, Google’s AI-focused venture capital arm.

The brainchild of CEO Paul Lee, a former venture capitalist at Tribe, and CTO Arthur Jen, a seasoned entrepreneur with a background in web3 technology, Patlytics aims to address the inefficiencies plaguing traditional IP processes. Drawing from their extensive industry experience, Lee and Jen recognized the need for a digitalized approach to patent management, driven by AI-powered insights and analytics.

Lee, having invested in various SaaS and AI startups, observed the antiquated techniques prevalent in the IP space, while Jen, through his experiences at Magic, gained firsthand insights into the complexities of patent filing and defense. Their shared vision culminated in the creation of Patlytics, poised to transform how patent professionals strategize and engage with the patent lifecycle.

At the core of Patlytics’ offering is its AI-first approach, which sets it apart from industry peers like Anaqua and Clarivate. Unlike traditional solutions, Patlytics provides end drafts and extensive chart solutions, leveraging AI to streamline patent discovery and analysis. Moreover, the platform integrates human participation, striking a balance between automation and expert insights.

With its recent product launch and SOC-2 certification, Patlytics has already garnered attention from top-tier law firms and in-house legal counsels at leading enterprises. The platform caters to a diverse range of industries, including information technology, physical products, and biotechnology, offering comprehensive solutions for patent prosecution and litigation.

The funding round, which saw participation from notable investors such as 8VC and Gaingels, will fuel Patlytics’ growth initiatives, including product development, AI enhancement, and expansion of its go-to-market efforts. With a focus on data security and privacy, Patlytics is committed to safeguarding sensitive information throughout the patent lifecycle, ensuring a seamless and secure experience for its users.

As Patlytics continues to redefine IP protection with its innovative AI-integrated platform, this legal tech startup is poised to shape the future technological landscape, empowering companies to safeguard their inventions and navigate the intricate world of intellectual property with ease and efficiency.

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