Solve Intelligence Raises $12 Million Backed by Microsoft and Thomson Reuters

Solve Intelligence didn’t enter the legal tech scene with flashy marketing or a crowded sales team—in fact, it had neither. But two years after its launch in 2023, the Delaware-based startup has closed a $12 million Series A round led by 20VC, with strategic investment from Microsoft and Thomson Reuters, and participation from existing backer Y Combinator. The funding marks a critical moment for a company that claims to have built the most trusted AI product in the patent law market, growing entirely through word of mouth.

Co-founder and CEO Chris Parsonson said the company is now profitable, with “millions of dollars in ARR,” a customer base growing at 25% month-over-month, and zero losses in head-to-head evaluations against competitors. Solve Intelligence is currently used by more than 200 IP teams across the U.S., Europe, and Asia, including clients like Siemens, Avery Dennison, DLA Piper, and Finnegan.

“We now have millions of dollars in ARR, our revenue has been growing ~25% month-on-month since our launch, and we’ve hired a team of world-class patent attorneys, AI researchers, and software engineers,” Parsonson told TechCrunch. He also noted the company had more money in the bank before this raise than the $3 million seed round it raised at inception. With no dedicated salesforce, Solve’s growth has been driven entirely by product traction.

The product itself is a browser-based editor designed for patent professionals, capable of assisting with everything from drafting patent applications and office action responses to invention harvesting and claim chart generation. Unlike generic AI writing tools, it adapts to an individual attorney’s drafting style and allows switching styles across jurisdictions, clients, and technology fields. “Every patent attorney has a different style,” Parsonson said. “The most popular feature of our product is the ability to customize the AI to a user’s own unique style.”