The startup, co-founded by CEO Paul Lee and CTO Arthur Jen, recently launched its SOC-2 certified product and already serves top-tier law firms and in-house legal counsels at enterprises. The funding will be used to invest in product and AI development, go-to-market function, and to expand its engineering team. Other investors in the round included 8VC, Alumni Ventures, Gaingels, Joe Montana’s Liquid 2 Ventures, Position Ventures, Tribe Capital, and Vermilion Ventures, along with several angel investors.
Key takeaways:
- Patlytics, an AI-powered patent analytics platform, has secured $4.5 million in seed funding led by Google’s AI-focused VC arm, Gradient Ventures.
- The startup was co-founded by CEO Paul Lee and CTO Arthur Jen, who aim to speed up patent workflows and transform how patent professionals strategize and engage with the entire patent lifecycle.
- Patlytics differentiates itself by offering end drafts and extensive chart solutions in its AI-first approach, and by incorporating human participation in the process.
- The funding will be used to invest in product and AI development, go-to-market function, and to bolster its engineering team. The company currently serves top-tier law firms and in-house legal counsels at enterprises.