Patlytics raises $14M for its patent analytics platform

Patlytics raises $14M to enhance its AI patent analytics platform.

: Patlytics, a New York startup, secured $14M in a Series A round led by Next47 to enhance its AI-enabled patent analytics platform. Co-founded by CEO Paul Lee and CTO Arthur Jen, the company offers tools for IP-related research and patent management. Patlytics' custom-built tools have aided a 20x ARR and 18x customer base growth within six months. Notable clients include Abnormal Security, Google, and Xerox.

New York-based Patlytics has raised $14 million in a Series A funding round through support from lead investor Next47, Google Gradient, 8VC, and more. Co-founded by Paul Lee and Arthur Jen in 2024, the company develops an AI-driven patent analytics platform designed to streamline patent-related processes for corporations, IP professionals, and law firms.

Patlytics' platform incorporates advanced large language models and AI to facilitate tasks such as patent drafting, claim chart generation, and IP portfolio management. The startup has achieved a 20x increase in annual recurring revenue with an 18x expansion of its customer base in just six months, serving significant clients including Google and Xerox.

With the new funding, Patlytics intends to expand its employee base and product offerings, while focusing on module diversification. The platform aims to provide affordable, detailed, and unbiased patent analysis, promoting easier conflict resolution and efficient litigation support, as highlighted by advisory board member Bob Steinberg.

AI platformPatent analyticsIntellectual Property