Alumni Ventures Invests in Patlytics to Revolutionize Patent Protection with AI
Patlytics CEO Paul Lee Recently Discussed His Company on AV’s Tech Optimist Podcast
Alumni Ventures (AV), one of the world’s most active venture capital firms, is a proud investor in Patlytics. The company is disrupting the patent landscape with cutting-edge AI technology designed to protect, enforce, and maximize the value of intellectual property (IP). AV invested in an oversubscribed $4.5 million seed round led by Gradient Ventures, Google’s AI-focused VC arm. Other investors included 8VC, Gaingels, Position Ventures, Tribe Capital, Vermilion Ventures, and Joe Montana’s Liquid 2 Ventures.
Co-founded by CEO Paul Lee and CTO Arthur Jen, Patlytics leverages advanced AI to streamline the IP patent process, including discovery, analytics, comparison, and workflow. Their platform offers a comprehensive suite of tools that redefine how organizations interact with their IP assets:
- Litigation Intelligence: Cutting-edge monitoring and detection to safeguard IP.
- AI Patent Drafting Copilot: Time-saving tools that enhance the quality of patent drafts.
- Office Action Response Optimization: Streamlines response processes and improves success rates.
- White Space Detection: Identifies portfolio gaps and discovery strategies.
- Patent Inventory Harvesting: Provides oversight of IP assets and streamlines portfolio management.
Tech Optimist Episode #52: Meet the Startup Reinventing Patent Work With AI
See video policy below.
“We are deeply committed to driving quality and transactional efficiency in the patent landscape,” said Lee, who recently discussed his company on AV’s Tech Optimist podcast. “We aim to provide exceptional value to our clients as we help protect their most valuable assets.”
“We are deeply committed to driving quality and transactional efficiency in the patent landscape.”
“Paul, Arthur, and Patlytics are establishing a new precedent in the IP sector with their AI-powered solutions,” said AV Managing Partner Ray Wu, who hosted the conversation with Lee on AV’s Tech Optimist podcast. “Their platform’s ability to deliver comprehensive insights and enhance decision-making processes is quickly making them a leader in the patent technology space.”
About Patlytics
Patlytics is a state-of-the-art patent intelligence platform powered by a generative AI engine and backed by top Silicon Valley venture capital firms. Our cutting-edge LLMs and advanced techniques are bespoke to intellectual property and drive 80% more efficiency for IP workflows including patent generation, claim charts, infringement detection, classification and more. Our high-quality results are trusted by top IP enterprise owners and tier-one law firms across the globe. Our team includes former founders, venture capitalists, top-tier engineers and leading IP experts.
About Alumni Ventures
Alumni Ventures offers accredited individuals access to professional-grade venture capital, a key asset class missing from the portfolios of many sophisticated investors. Since 2014, AV has raised $1.3+ billion from 10,000+ investors and backed 1,400+ unique portfolio companies. AV is a top 20 VC firm in North America according to CB Insights and the #1 most active VC firm in the U.S., and #3 most active in the world, according to PitchBook’s 2022 and 2023 rankings. AV has won awards from Inc. Magazine, Fast Company, Benzinga, and the US FinTech Awards. AV funds are private, for-profit, and not affiliated with or sanctioned by any school.
About Tech Optimist
The Tech Optimist Podcast, presented by Alumni Ventures (AV), focuses on the intersection of technology, entrepreneurship, and innovation. True to our name, we are passionate about technology and its potential to drive positive change. We explore our lane through interviews with founders, investors, and futurists; discussions of new innovations; and reviews of trends in tech and venture capital. Subscribe Here »
Media Contact Info
Scott Murphy
Alumni Ventures
670 N. Commercial Street, Suite 403
Manchester, NH 03101
Email: [email protected]
Want to learn more?
View all our available funds and secure data rooms, or schedule an intro call.
New to AV?
Sign up and access exclusive venture content.
Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.