- ClearAccessIP announced it has raised $3.7 million in investment in the form of seed and note financing
ClearAccessIP — a company that helps the creators and owners of intellectual property to develop, manage, and transact patent-protected technology — recently announced that it raised $3.7 million in investment in the form of seed and note financing. Launched by CEO Nicole Shanahan, ClearAccessIP is transforming the way innovators access patent rights and eliminate exposure to litigation. With this round of funding, six notable investors were added including Alpana Ventures, Plug and Play Ventures, Founder’s X, Bill Tai, and several others.
And ClearAccessIP’s platform integrates market-leading technology, data, AI, and service delivery to help the creators and owners of IP develop, manage, and transact patent-protected technology. Plus the ClearAccessIP’s SaaS-enabled Marketplace streamlines companies traditional labor-intensive IP management and creation process to dramatically reduce the time and cost to obtain and manage patents while significantly improving the liquidity of patent portfolios.
“ClearAccessIP is often described as ‘the dream platform’ by IP professionals that have struggled to find commercial and transactional opportunities for their clients,” said Shanahan. “Every time we hear a new user say ‘this could have saved me a seven-figure litigation had I had this last year’, I feel the urgency to move more quickly in our mission. ClearAccessIP can change the culture around patenting and technology transfer. I truly view it as a necessary evolution in this transformative era of technological innovation.”
ClearAccessIP plans to use the funding to grow their AI-intermediated trading service, their next step in supporting the SaaS Enabled Marketplace.
“Cloud-based SaaS has clearly enabled broader usage and unlocked tremendous value in many data-intensive and previously labor-intensive segments. This model in combination with ClearAccess IP’s application of AI is a natural,” added Tai. “I see parallels to very early-stage investments I’ve made in cloud design (Canva), cloud big data (Treasure Data), and cloud-based multimedia communication (Zoom).”
ClearAccessIP’s clients not only save money, but they also make more money. This is due to ClearAccessIP dramatically reducing the time and cost to obtain and manage patents while significantly improving the liquidity of patent portfolios.
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