New York-based AI-driven patent analytics startup Patlytics has raised $14 million in a Series A funding round led by Next47, with participation from existing investors, including Google’s Gradient, 8VC, Alumni Ventures, Liquid 2 Ventures, Myriad Venture Partners, and Cherubic Ventures. The latest funding brings the company's total investment to $21 million within nine months, underscoring the growing demand for AI-powered intellectual property solutions. With this fresh capital, Patlytics aims to scale its operations, expand its product capabilities, and enhance its reach in key global markets.

AI-Driven Transformation in Patent Intelligence

Patlytics provides an advanced AI-powered platform designed to streamline patent workflows for corporations, IP professionals, and law firms. By leveraging large language models (LLMs) and generative AI, the platform automates tasks such as patent prosecution, litigation analysis, invention disclosures, and infringement detection. The company’s solutions significantly improve efficiency, reduce costs, and enhance strategic decision-making across the intellectual property lifecycle.

Addressing a Long-Standing Challenge in IP Management

The traditional patent management process has long been plagued by inefficiencies, requiring extensive manual effort for research, discovery, and legal case-building. CEO Paul Lee and CTO Arthur Jen co-founded Patlytics in January 2024 to address these challenges, bringing together expertise from venture capital and IP law. Their AI-powered approach is now helping industry leaders shift away from outdated, labor-intensive practices to more intelligent, automated solutions.

Expanding Market Reach and Customer Base

Since its launch, Patlytics has rapidly expanded its customer base, experiencing an 18-fold increase in clients within six months and sustaining a 300% month-over-month growth rate. The company serves a diverse set of industries, including semiconductors, biotechnology, and pharmaceuticals, with customers spanning Fortune 500 corporations, top law firms, and global innovators. Its growing list of clients includes Google, Xerox, Koch Disruptive Technologies, Abnormal Security, Quinn Emanuel, Young Basile, and Reichman Jorgensen Lehman & Feldberg LLP.

Strategic Hiring and Product Expansion Plans

With the new funding, Patlytics is set to double its engineering team and accelerate product development. The company is also expanding its patent analytics offerings to new global markets, with recent pilot launches in London and Germany and increased traction in South Korea and Japan. To drive its next phase of growth, Patlytics has brought on Eric Lin, a seasoned IP litigator with experience at firms such as Paul Hastings and Morrison & Foerster, as Vice President of Strategy.

A Vision for the Future of Patent Intelligence

Patlytics’ AI-driven platform is redefining how patent professionals interact with intellectual property data, making legal and technical analysis faster and more accessible. By automating processes that traditionally required expensive legal expertise, the company is helping organizations better navigate patent conflicts, optimize their IP portfolios, and make data-driven decisions. With its latest funding and rapid adoption, Patlytics is well-positioned to lead the next wave of innovation in the patent intelligence space.

As intellectual property becomes increasingly critical in the AI era, Patlytics is pioneering a smarter, more efficient approach to patent analytics. The company’s success in securing $14 million in Series A funding highlights strong market validation and investor confidence in its AI-driven solutions. With ambitious expansion plans and continued product innovation, Patlytics is poised to reshape the future of intellectual property management on a global scale.