"Tradespace, the San Francisco-based AI-powered intellectual property management platform, has acquired Paragon, an AI patent-drafting startup founded by three Princeton University computer science students. The acquisition, Tradespace says, makes it the first AI-powered platform to support the complete IP lifecycle, from initial invention disclosure through patent drafting, prosecution, portfolio management and commercialization. The deal brings together two companies with complementary missions around democratizing access to patent protection."
"Tradespace was founded in 2019 by CEO Alec Sorensen, who formerly founded and led the IP practice at the management consulting firm Avascent, and CTO Kapil Israni, an engineer and entrepreneur, while Paragon emerged from Princeton's computer science program with a focus on addressing the accessibility challenges in patent drafting. The acquisition was announced Nov. 10. Paragon CEO and co-founder AbdurRahman (AR) Bhatti first envisioned the company as a teenager after seeking a patent for his own invention, and by his sophomore year at Princeton, he had 11 patents to his name."
"As AI technology matured, he assembled two of his Princeton classmates, chief technology officer Ethan Haque and chief engineer Claire Shin, to create a platform that would make professional-grade patent drafting more accessible. Princeton University's Office of Innovation supported the startup and offered the student founders access to past invention disclosures to train their algorithm, allowing them to test their drafting capabilities by comparing outputs to patents that were actually filed, according to Craig Arnold, Princeton's vice dean of innovation and university innovation officer."
Tradespace acquired Paragon to integrate AI-driven patent drafting into an intellectual property management platform that now spans invention disclosure, patent drafting, prosecution, portfolio management and commercialization. Tradespace was founded in 2019 by Alec Sorensen and Kapil Israni. Paragon was founded by Princeton students AbdurRahman (AR) Bhatti, Ethan Haque, and Claire Shin to improve accessibility to professional-grade patent drafting. Princeton University's Office of Innovation provided curated past invention disclosures to train and validate Paragon's drafting algorithm. The acquisition, announced Nov. 10, unites complementary missions to broaden access to patent protection and streamline the IP lifecycle.
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