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Solve Intelligence raises fresh $12M to bring AI to IP, patent workflows
Legal tech has come a long way, but the bulk of an intellectual property or patent lawyer's work today is still done with spreadsheets, word processors
Solve’s co-founder and CEO, Chris Parsonson, told TechCrunch the startup’s product is now used by 200 IP teams across the U.S., Europe, and Asia, including manufacturers like Siemens and Avery Dennison, as well as law firms DLA Piper and Finnegan — all without any sales or marketing staff. “We now have millions of dollars in ARR, our revenue has been growing ~25% month-on-month since our launch, and we’ve hired a team of world-class patent attorneys, AI researchers, and software engineers,” Parsonson said. He also claimed that Solve’s strategic partnerships with its investors like Microsoft and Thomson Reuters will help it expand its offerings and serve AI systems tailored for patents on a large scale.
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