Patlytics, the San Francisco-founded AI-powered patent workflow platform, today (24 February) announced the closing of a $14m Series A round.
Unlike traditional methods that rely heavily on manual input from practitioners, Patlytics automates key aspects of the patent process, including initial drafting and office action responses, infringement evaluation, advanced search, and competitor intelligence.
The round was led by global venture firm Next47. Existing investors, including Google’s AI-focused venture fund Gradient, 8VC, Alumni Ventures, Liquid 2 Ventures, and Myriad Venture Partners also participated in the round.
“Patlytics’ cutting-edge AI is revolutionizing how patents are drafted, analyzed, protected, and monetized, as evidenced by their enterprise customers and end-to-end platform approach,” said Matthew Cowan, general partner at Next47. “Patlytics’ benchmark of velocity is unmatched — and the team has harnessed this momentum to deliver secure, comprehensive AI outcomes on par with patent professionals. We are thrilled to help further Patlytics’ competitive edge, and support their mission to equip IP professionals with the most powerful tools to drive strategic success.”
Corporations are increasingly looking to unlock productivity gains across the discovery, analytics, and reporting of intellectual property — from patent prosecution, litigation, and pruning to invention disclosure processes. Patlytics now works with customers including Quinn Emanuel, Koch Disruptive Technologies, Google, Xerox, Abnormal Security, Richardson Oliver Law Group, Young Basile, and Reichman Jorgensen Lehman & Feldberg LLP.
This series brings the company’s total funding to $21m, raised within a nine-month period.