Patlytics Raises $14M To Equip IP Professionals with the Most Powerful Tools

Intellectual property (IP) protection has long been an essential component of creativity, impacting industries by protecting inventions and technological developments. Traditionally, patent management has been a time-consuming and complex procedure requiring extensive legal knowledge and rigorous attention to detail. However, the use of artificial intelligence (AI) is changing the way patents are drafted, analysed, and managed. Patlytics, an AI-powered patent workflow platform, has emerged as a leader in this transformation. The company recently closed a $14 million Series A funding round led by global venture firm Next47, with participation from existing investors such as Google's AI-focused venture fund Gradient, 8VC, Alumni Ventures, Liquid 2 Ventures, and Myriad Venture Partners. This