Patlytics, an AI-based patent workflow platform, announced significant company growth, such as commercial traction from AM100 firms and global enterprise customers, new product upgrades, and additional funding led by Myriad Venture Partners.
After a $4.5 million seed round in April, the company has seen a 20 times increase in ARR and an 18x expansion in its customer base in just six months, with a sustained 300% month-over-month growth rate. This momentum validates Patlytics’ leadership in transforming the patent intelligence landscape.
With traditional barriers between IP rights breaking down and enterprises seeking more robust safeguards for their innovation and products, GenAI is advancing the IP and patent industry. This market strength is driven by the increased need for patent management solutions to streamline workflows, enhance decision-making and IP protections (defense and offense), and reduce costs for law firms and enterprises.
The platform’s patent intelligence utilizes advanced large language models (LLMs) and GenAI-powered techniques to increase efficiency by 80% in patent drafting and generation, claim charts, infringement detection, and portfolio management.
More recently, Patlytics developed two new modules, quickly solving for additional workflows across the end-to-end patent lifecycle. Now, IP teams can use Patlytics to streamline invention disclosure processes, a laborious process that often takes corporations more than 60 weeks to complete but can be completed within hours with Patlytics. Firms and IP teams can mitigate risk and ensure compliance by comparing against standard-essential industry patents.
The key milestones in the last six months include:
— Creation of more than 2k detailed reports on infringement and invalidity claims
— Execution of over 13k comprehensive analyses mapping patents to products and companies, providing customers with deep intelligence for optimal IP decision-making
— Crawling of over 1.5 million high-quality sources to support these outputs
Patlytics is also now partnering with several undisclosed AM100 firms and leaders in IP law, including Richardson Oliver, Young Basile, and Reichman Jorgensen. Global enterprise innovators across invention sectors also partner with Patlytics, including Xerox and Abnormal Security. And these partnerships demonstrate how Patlytics’ advanced AI technology transforms IP management for organizations and law firms with scalable, secure, accurate, and intuitive tools for drafting, identifying, prosecuting, detecting, defending, and managing intellectual property.
KEY QUOTES:
“We’re in a pivotal moment where businesses are strategically evaluating how AI can transform their IP processes. Many solutions claim to be AI-driven for IP, but lack the depth to analyze an entire patent portfolio or handle the complex comparative analysis that IP workflows demand. At Patlytics, we excel at filling this gap — with expertise and trust.”
– Paul Lee, founder and CEO of Patlytics
“What the IP industry needs is a shorter path to our most valuable assets. More assets, fewer resources, and more pressure on patents make developing and qualifying those most valuable patents more important —and more challenging—than ever. Patlytics finds that shorter path.”
– Kent Richardson, Partner at Richardson Oliver
“Patlytics is redefining patent intelligence with an innovative platform that not only simplifies but transforms the way organizations manage their IP. Their AI-powered solution is already making an impact across law firms and enterprises, and this momentum is a testament to the problems that Patlytics is addressing, and to the amazing Patlytics team. We are excited to see Patlytics continue to drive efficiency and value for businesses across various industries.”
– Chris Fisher, co-founder and managing partner of Myriad Venture Partners
“We were attracted to the breadth and scope of Patlytics’ AI-driven offerings, and we are impressed with the evolution of the tool since we started using it. We believe, with their pace of development, that their vision for a holistic patent intelligence platform is rapidly coming into focus.”
– Heidi Martinez, Deputy General Counsel, Chief IP Counsel, of Xerox Corporation
