Patlytics
Category: AI in Legal
Patlytics is an AI-powered patent workflow platform that streamlines patent drafting, analysis, and management. Patlytics was founded in 2023. The company is led by Paul Lee. Based in San Francisco, CA, USA. Team size: 11-50. Total funding raised: $21 million. Latest round: $14 million Series A round led by Next47.. Key investors include Next47, Gradient (Google’s AI-focused fund), 8VC, Alumni Ventures, Liquid 2 Ventures, Myriad Venture Partners.
- Founded
- 2023
- Headquarters
- San Francisco, CA, USA
- Team size
- 11-50
- Total funding
- $21 million
Value proposition
Empowers patent professionals by automating key aspects of the patent process, enhancing efficiency and insights.
Products and solutions
AI-assisted patent application drafting, infringement detection, claim charts generation, patent pruning
Unique value
Patlytics leverages generative AI to transform the patent lifecycle, offering comprehensive and efficient solutions for IP management.
Target customer
Law firms and enterprises managing intellectual property.
Industries served
Technology, biotechnology, physical product companies across various sectors
Technology advantage
Utilizes advanced large language models (LLMs) and GenAI techniques to increase efficiency in patent workflows by up to 80%.
How they differentiate
Patlytics focuses on end-to-end AI-powered patent workflows, emphasizing efficiency and strategic insights for patent professionals.
Main competitors
Anaqua, Docket Navigator, LexisNexis IP Solutions
Key partnerships
Quinn Emanuel, Koch Disruptive Technologies, Google, Xerox, Richardson Oliver Law Group
Notable customers
Quinn Emanuel, Koch Disruptive Technologies, Google, Xerox, Abnormal Security, Richardson Oliver Law Group
Major milestones
Rapid customer growth development of new modules for streamlined invention disclosure processes partnerships with top IP law firms
Growth metrics
18x expansion in customer base within six months, 20x increase in ARR.
Market positioning
Positioned as a leader in AI-driven IP management, transforming the patent lifecycle with generative AI.
Geographic focus
Global, with a strong presence in the U.S. and partnerships with international companies
Patents and IP
Not explicitly mentioned, but their AI-driven approach is a key differentiator.
About Paul Lee
Paul Lee is the CEO and Co-founder of Patlytics. He has a background in finance and venture capital, having worked as an advisor at 8VC and a board partner at Tribe Capital. He co-founded Patlytics with Arthur Jen, whom he met while studying engineering at the University of Waterloo.
Official website: https://www.patlytics.ai