Intellectual property (IP) is increasingly important in today’s business world, both as a way of protecting innovation and as a source of income. As a result, companies need to track and manage their IP assets to ensure valuable IP is not lost or stolen. This can be difficult due to the sheer volume and complexity of patents held by many large organizations.
PatSnap has developed cutting-edge software that makes the process easier for companies looking to protect their vital IP investments. Using PatSnap, businesses can quickly discover patent information and trends worldwide, in their own country and across different regions. PatSnap’s advanced search capabilities allow businesses to compare their intellectual property rights with competitors – helping them stay ahead of the market and maintaining a competitive edge. As an AI-driven patent intelligence platform, PatSnap also enables users to instantly translate text into interoperable data points; easily categorizing patents by technology field or filing status, making comparisons much easier.
From small startups to large enterprises, PatSnap has revolutionized how companies manage their IP assets by bringing together powerful tools in one convenient place – thus making it easier for businesses to protect what sets them apart from competitors worldwide: their innovation.
IP analytics provider PatSnap now a unicorn, after US$300m fundraise
IP analytics provider PatSnap recently became a ‘unicorn’ after a US$300m fundraise. The company is changing the IP landscape from patent analytics to tech scouting, market and competitive intelligence and beyond.
PatSnap has evolved from a humble start-up to become a global leader in IP analytics, offering a wide range of innovative technologies and market intelligence products.
Explore PatSnap’s offerings and learn how it transforms the IP landscape.
PatSnap’s technology
PatSnap is a technology-driven IP analytics platform focused on accelerating innovation, improving decision-making and determining a company’s competitive position in the market. PatSnap combines world-class AI and machine learning technologies with deep domain expertise to make the complex world of patents easier to understand, use and navigate.
The patented technology behind PatSnap is designed to simplify complex search queries, structured data analysis and the retrieval of patent-related content. Advanced features include automated keyword generation, natural language processing (NLP) content matching and trend analysis. This powerful combination allows users to query millions of patents in seconds while uncovering insights previously unavailable due to manual extraction processes.
PatSnap’s innovative technology can help companies accurately search online databases like Google Patents and EPOnline and internal corporate documents/databases for particular terms simultaneously — all without having to look manually. Furthermore, it allows for robust collaborative working between users, ensuring that multiple individuals can contribute their knowledge simultaneously to boost overall analysis accuracy and broaden insights into individual patent portfolios/research fields.
This intuitive user experience continually evolves with each release — offering improved speed, search capability and filtering options that aid a better understanding of markets through IP-focused interactive visualizations backed by web based dashboards. These dashboards let users understand the strengths of worldwide competition in specific industries against them or existing products/services within their portfolio quickly unearthing innovations from competitors easily overlooked.
PatSnap’s US$300m fundraise
PatSnap’s latest round of fundraising, announced in May 2020, raised $300 million in venture capital and firmly established the company as a leader in intellectual property (IP) tools and technologies. Led by SoftBank Vision Fund 2, with participation from General Atlantic, Accel and Sequoia Capital, among others – this significant investment is part of PatSnap’s continued commitment to transformation in the IP field.
PatSnap’s success lies in its ability to merge significant improvements to the speed and accuracy of patent search with seamless integration that makes it easy for various industries. This combination provides actionable intelligence that can be used by IP professionals from multiple sectors beyond legal research speeds up due diligence efforts and assists companies looking for ways to protect their valuable IP.
The infusion of funds will also help PatSnap expand into new areas such as AI-based legal research solutions, automated analytics for patent valuation/IP monetization, blockchain as well as IP services offerings to enable customers across different verticals such as software engineering, advanced manufacturing and biotechnology leverage AI-enabled technologies for organizing projects better, streamlining operations and boosting efficiency. With such investments, PatSnap is one step closer towards its vision to enable data-driven enterprise decision-making about innovation teams’ accomplishments with better patent insights at every stage of product development.
Impact on the IP Landscape
IP analytics provider PatSnap is now a unicorn, having just raised US$300m in funding. PatSnap is revolutionizing how patent and corporate teams manage Intellectual Property (IP). Their technology allows for seamless access to the most accurate patent data for creating better and faster decisions when it comes to IP.
Let’s explore how PatSnap is impacting the IP landscape.
PatSnap’s AI-driven IP analytics
PatSnap’s AI-driven IP analytics technology revolutionizes how IP professionals work in various industries. PatSnap’s platform allows users to analyze and leverage intellectual property assets with unprecedented accuracy and speed by consolidating vast amounts of patent data and leveraging sophisticated AI technologies.
Leveraging machine learning (ML) and natural language processing (NLP) algorithms, PatSnap offers an integrated suite of services that help IP professionals get an in-depth look at the IP landscape. These services allow users to compare patent portfolios across countries, therapeutic areas, competitors and advance potential product opportunities or spot emerging trends in the market. Moreover, using AI-enabled insights on patents helps minimize risk for both existing products in the pipeline and new ones under consideration for development.
By using automated searches powered by AI/ML algorithms, users can analyze family relationships and prior art references with detailed results within a few seconds. These relationships are then visualized on a graphical interface which makes it easy to understand how patents are connected and how they evolved. The user can also access analytical insights such as inventions per assignee or similarity scores between documents that provide additional information about their IP landscape.
PatSnap provides granular data analysis across various parameters that enables users to identify risks associated with legal proceedings early on so that they can take appropriate protective measures promptly. With this tremendous capacity for speed and precision unmatched by any humanly possible search effort, PatSnap’s tools are changing the nature of intellectual property research today.
PatSnap’s impact on innovation
Innovation is the lifeblood of any business, and the impact of PatSnap’s technology on the IP landscape is undeniable. PatSnap offers intelligent searching capability that enables businesses to quickly access enormous amounts of data about patents, IP strategy and trends. With this data at their fingertips, companies can make well-informed decisions about their IP strategies, gaining a competitive advantage in their markets.
PatSnap’s search engine enables robust searching capabilities that allow businesses to uncover hidden insights without manually searching through massive lists of patent information. Its intuitive user interface makes exploring various aspects of patent invention easy. At the same time, its modern design provides an immersive experience that facilitates exploration and understanding of patent information quickly and efficiently. Users can easily create informative visualizations such as timeline charts and industry segmented heat maps to gain valuable insights into how their competitors are developing technologies.
Using PatSnap’s intelligent Artificial Intelligence (AI) powered technology, businesses can take advantage of opportunities they may have been unaware of. Through AI-assisted filtering, patent agents can more accurately prioritize projects while expanding the breadth and depth of analysis available in a fraction of the time needed with manual analysis processes. Furthermore, with a role-based platform like PatSnap’s there is no fear for users becoming overwhelmed by large amounts or unmanageable data as AI can easily recognize patterns which individuals manually analyzing would not have time or capacity for. Ultimately, these capabilities effectively reduce research times from months down to days or even hours, enabling companies to act fast on any potential intellectual property opportunities not just faster than ever before but also with increased accuracy and accuracy compared traditional methods used in all manner of industries from medicine to tech startups looking for success in all facets; innovation being a critical aspect in all cases which is often overlooked due to lack capacity or ability previously sidelined due helping them capitalizing on latent competition which was otherwise inaccessible due to lack efficient measuring tools before PatSnap’s innovative technology was implemented providing them efficient evaluating platforms tackling more highly complex matters when it comes down discovering modern IP related possibilities without hitting any dead ends like trying find needle haystack fairly amounting fruitless labor either use case scenario leading more favorable outcomes than ever before such modern era thus pushing boundaries what thought were capable enhances sound planning & analytics against market segments relating towards breakthrough concepts unseen anywhere far prior allowing users capitalize anything reasonable laying sight breaking toward surface advancements made by leap bounds.
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Conclusion
PatSnap’s technology platform empowers its customers to understand, utilize, and find opportunities within the intellectual property space. Through its advanced search capabilities and market insights, PatSnap is dramatically reshaping the landscape of IP rights management, allowing corporations and inventors to create more innovative products and services faster.
With several features designed to make it easier for IP professionals to access effective data-driven solutions, PatSnap is an unparalleled resource for today’s brilliant ideas to become tomorrow’s groundbreaking successes.
Whether you are an IP professional at a large corporation or a startup inventor looking for an edge over the competition, PatSnap gives you the tools you need succeed in the global marketplace.
