Patlytics, a San Francisco, CA-based AI-powered patent workflow platform, has raised $4.5 million in seed funding.
Investors
The round was led by Gradient, with participation from notable investors such as 8VC, Joe Montana’s Liquid 2 Ventures, Tribe Capital, Vermilion Ventures, Gaingels, Alumni Ventures, Position Ventures, as well as undisclosed angel investors, including select partners from premier law firms and Datadog President Amit Agarwal.
Gradient Ventures is Google’s AI-focused venture fund, investing in and connecting early-stage startups with resources, innovation, and technical leadership in AI. The fund focuses on helping founders navigate the challenges in developing new technology products, using the latest best practices in recruiting, marketing, design, and engineering. Gradient was founded in 2017 and is based in Palo Alto, California.
Patlytics Use of Funds
The company will use the funding to further enhance its AI-powered platform, enabling the automation of critical aspects of the patent process. Additionally, the investment will fuel efforts to expand the company's reach and deepen its partnerships across various industries.
About Patlytics
Founded by Paul Lee and Arthur Jen, Patlytics provides an end-to-end workflow solution for patent search, analytics, and competitive insights. The platform offers end drafts and extensive chart solutions, setting it apart from competitors in the IP protection landscape. Patlytics is working with partners across the spectrum, from in-house counsels for the Fortune 500 to leading law firms, including two of the top five IP-focused practices, and more. It was founded in 2023 and is based in San Francisco, California.
Funding Details
Company: Patlytics, Inc.
Raised: $4.5M
Round: Seed Round
Funding Month: April 2024
Lead Investors: Gradient
Additional Investors: 8VC, Joe Montana’s Liquid 2 Ventures, Tribe Capital, Vermilion Ventures, Gaingels, Alumni Ventures, Position Ventures, Amit Agarwal
Company Website: https://www.patlytics.ai/
Software Category: Patent Workflow Solutions
Source: https://www.businesswire.com/news/home/20240411104124/en/