AI patent startup DeepIP secures $15 million with this pitch deck

DeepIP, a startup based in Paris and New York, has developed an AI assistant to aid in drafting patents, securing a $15 million Series A investment led by VC fund Resonance. The platform aims to modernize and simplify the patent filing process by summarizing large documents, simplifying complex jargon, highlighting novel aspects, and suggesting alternative ways to structure patent claims. The AI assistant is designed to work alongside human patent practitioners, enhancing their ability to understand the entire space of an invention and ensuring its novelty.

The startup's platform is gaining traction among corporations and law firms, having already helped draft 8,500 patent applications. DeepIP regularly tests its AI models to minimize hallucinations and plans to use the fresh funding to grow its product teams. The investment reflects a growing interest in legal technology, with other startups like Harvey also attracting significant funding.

Key takeaways

DeepIP has secured a $15 million Series A investment to modernize patent drafting with AI.
The AI assistant developed by DeepIP helps summarize large documents and assists attorneys in drafting patents faster.
DeepIP's platform is gaining traction among corporations and law firms, having already helped draft 8,500 patent applications.
The Series A funding was led by VC fund Resonance, with participation from Headline, Serena Capital, and Balderton.

AI patent startup DeepIP secures $15 million with this pitch deck

Key takeaways

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