Patlytics, a startup backed by Google, has launched an AI-enabled patent analytics platform aimed at revolutionizing how corporations and law firms handle intellectual property. With $14 million raised in a Series A, Patlytics aims to streamline patent workflows through improved discovery, analytics, and litigation support. Co-founders Paul Lee and Arthur Jen recognized inefficiencies in the industry, and their platform harnesses AI to connect professionals with advanced tools. CEO Lee emphasizes the demand for technology that enhances quality work in IP, reflecting a shift towards innovation in legal tech roles.
Patlytics has an interesting genesis because I don't have a legal background, and I initially held a lot of misconceptions around legal tech. Historically, there were many negative connotations and premises around selling technology to lawyers, but AI has truly changed these premises.
What we've seen in the IP market is that people want better technology; there is a big push for higher-value work using LLMs, and most importantly, patent professionals crave quality.
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