On April 11, 2024, the AI-driven patent analysis platform headquartered in San Francisco, USA, Patlytics announced it has raised $4.5 million in seed funding. The round was led by Google's AI-focused venture fund Gradient Ventures, with participation from 8VC, Alumni Ventures, Gaingels, Joe Montana’s Liquid 2 Ventures, Position Ventures, Tribe Capital, Vermilion Ventures, and multiple angel investors.
The company plans to use the raised funds for product and AI feature research and development, as well as to expand its marketing and engineering teams.
Patlytics was co-founded in 2024 by CEO Paul Lee and CTO Arthur Jen. The company provides an AI-driven patent analysis platform to help enterprises, intellectual property professionals, and law firms accelerate the patent workflow fromdiscovery, analysis, comparison, prosecution to litigation.
(Source:BusinessWire）