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Google’s Gradient backs Patlytics to help companies protect their intellectual property
Patlytics, an AI-powered patent analytics platform, wants to help enterprises, IP professionals, and law firms speed up their patent workflows
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. Lee, who spent most of his previous career investing in vertical SaaS and AI and a few legal tech startups, came across many IP companies that used antiquated techniques in a workflow that (he thought) should be digitalized. 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.
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