Patents, AI, and Lawyers: Litigators, Start Your Engines
March 7, 2025
Patents can be a useful source of insights, a fact startup Patlytics is banking on. TechCrunch reports, "Patlytics Raises $14M for its Patent Analytics Platform." The firm turbo-charges intellectual property research with bespoke AI. We learn:
"Patlytics’ large language models (LLMs) and generative AI-powered engine are custom-built for IP-related research and other work such as patent application drafting, invention disclosures, invalidity analysis, infringement detection/analysis, Standard Essential Patents (SEPs) analysis, and IP assets portfolio management."
Apparently, the young firm is already meeting with success. We learn:
"The 1-year-old startup said it has seen a 20x increase in ARR and an 18x expansion in its customer base within six months, with a sustained 300% month-over-month growth rate. Patlytics did not disclose how many customers it has but said approximately 50% of its customer base are law firms, and the other half are corporate clients from industries like semiconductors, bio, pharmaceuticals, and more. Additionally, the company now serves customers in South Korea and Japan, and recently launched its first pilot product in London and Germany. Its clients include Abnormal Security, Google, Koch Disruptive Technologies, Quinn Emanuel Urquhart & Sullivan, Richardson Oliver, Reichman Jorgensen Lehman & Feldberg, Xerox, and Young Basile."
That is quite a client roster in such a short time. This round, combined with April’s seed round, brings the companies funding total to $21 million. The firm will put the funds to use hiring new engineers and expanding its products. Based in New York, Patlytics was launched in January, 2024.
Will AI increase patent litigation? Do Tesla Cybertrucks attract attention?
Cynthia Murrell, March 7, 2025
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