Google's Gradient Ventures Supports Patlytics to Enhance Intellectual Property Protection for Companies

Patlytics, an AI-powered patent analytics platform, aims to streamline patent workflows for enterprises, IP professionals, and law firms, covering discovery, analytics, comparisons, prosecution, and litigation.

The startup raised $4.5 million in seed funding, oversubscribed and closed in a few days, with the backing of Google's AI-focused VC arm, Gradient Ventures.

Co-founded by CEO Paul Lee and CTO Arthur Jen, Patlytics offers unique insights and analytics, blending technical and legal expertise to meet patent professionals' needs.

The platform stands out from competitors by providing end drafts and extensive chart solutions, incorporating a human element alongside AI technology.

Image Credits: Patlytics / Co-founders: Arthur Jen (CTO) and Paul Lee (CEO)

With a SOC-2 certification, Patlytics serves top-tier law firms and in-house legal counsels, targeting companies with multiple patents and IP law firms.

The funding will support product and AI development, go-to-market strategies, and expansion of the engineering team, focusing on enhancing patent prosecution and litigation workflows.

The company also prioritizes data security and privacy, safeguarding sensitive information throughout the patent lifecycle.

Additional investors in the funding round include 8VC, Alumni Ventures, Gaingels, Joe Montana's Liquid 2 Ventures, and others, along with prominent angel backers in the legal and tech industry.

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