Patlytics Raises $14M for AI-Driven Patent Management Platform

Patlytics, a New York-based startup, has raised $14 million in Series A funding to further develop its AI-powered patent analytics platform. The company aims to improve the patent process by streamlining workflows for corporations, law firms, and intellectual property professionals.

Investor Highlights. The round was led by Next47, with participation from existing investors such as Google’s Gradient, 8VC, Alumni Ventures, Liquid 2 Ventures, and Myriad Venture Partners.

Foundations and Leadership. Co-founded in 2024 by CEO, Paul Lee and CTO, Arthur Jen, they saw inefficiencies in traditional patent workflows and recognized the need for a faster, more efficient patent process.

Company and its Customers. Patlytics provides an AI-powered platform designed to streamline patent workflows, serving clients across various industries, including semiconductors, biotechnology, and pharmaceuticals, with customers such as Google, Koch Disruptive Technologies, and Foley & Lardner LLP.

The Series A funding will be used to scale sales and further enhance Patlytics’ platform and reducing costs across the patent lifecycle for its customers. The company plans to expand its team, improve product features, and explore new markets, including South Korea and Japan.