PatSnap

PatSnap

IP and innovation data platform

Overview

PatSnap provides a data platform for intellectual property and innovation intelligence. It gathers information from patents, scientific papers, and market reports and packages it into analytics tools and dashboards so businesses, researchers, and inventors can understand technology trends, assess competitive positions, and guide R&D investments. The product works by collecting large amounts of information across sources, indexing and analyzing it, and presenting insights through a subscription-based platform with various data and tool tiers. PatSnap differentiates itself by combining patent data with non-patent literature and market insights in a single platform, offering customized analytics, global coverage, and additional educational offerings through its Innovation Academy. The company's goal is to help clients make data-driven decisions to drive innovation, improve IP strategy, and maintain a competitive edge.

About PatSnap

Simplify's Rating
Why PatSnap is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Education

Company Size

501-1,000

Company Stage

Series E

Total Funding

$351.6M

Headquarters

Singapore, Singapore

Founded

2007

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Simplify's Take

What believers are saying

  • June 2026 Intellegens partnership moves PatSnap into design-stage FTO checks before lab spend.
  • May 7, 2026 FactSet integration exposes Synapse to investment teams tracking biopharma deals.
  • PatSnap now claims 18,000+ organizations, with Japan expansion targeting higher revenue concentration.

What critics are saying

  • LexisNexis launched Protégé in PatentSight+ on May 13, 2026, directly attacking PatSnap.
  • Clarivate Derwent and LexisNexis both bundle AI patent assistants, compressing PatSnap's differentiation.
  • If enterprises adopt generic AI search or free Google Patents, PatSnap's subscription model erodes.

What makes PatSnap unique

  • PatSnap's Hiro launched June 18, 2026 with 208M patents and 1.6B legal points.
  • PatSnap embeds IP intelligence inside workflows through FactSet, AEVO, and Intellegens integrations in 2026.
  • PatSnap's Open Platform turns patent data into agentic answers, not static search results.

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Funding

Total Funding

$351.6M

Above

Industry Average

Funded Over

4 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$250M
Reddit
$300M
PatSnap
$1.3B
Epic Games
$1.5B
Airbnb

Benefits

Paid Vacation

Unlimited Paid Time Off

Mental Health Support

Parental Leave

Life Insurance

Private Healthcare

Private Pension

RRSP Contribution Matching

Eyecare Voucher Scheme

WFH Stipend

Cycle To Work scheme

Company Equity

Paid Volunteering Days

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-1%
Associated Press
Aug 6th, 2026
Patsnap partners with Evolvus to expand bioactivity data for complex therapeutic modalities

Patsnap, an AI-native innovation intelligence platform for IP and R&D, has partnered with life sciences data specialist Evolvus to expand bioactivity datasets for complex therapeutic modalities. The partnership will integrate Evolvus's ConnectorBase platform into Patsnap Bio, providing curated data on antibody-drug conjugates, peptides, protein degraders, and chemically modified nucleotide sequences. The collaboration will deliver four machine learning-ready bioactivity datasets covering ADCs, oligonucleotides, peptides, and proximers. These datasets include detailed information on chemical modifications, linker details, patent associations, and bioactivity data including assay results and biological targets. The integration aims to help biopharma R&D and IP teams evaluate complex molecules more effectively by combining scientific context, bioactivity data, and patent landscape information in a single platform. Singapore-based Patsnap serves over 15,000 enterprises globally, including one-third of the world's largest R&D spenders.

Associated Press
Jun 25th, 2026
PatSnap and Intellegens partner to embed real-time IP intelligence into AI-driven R&D formulation design

Patsnap and Intellegens have announced a strategic partnership integrating Patsnap's global patent dataset with Intellegens' Alchemite Suite, enabling R&D teams to conduct patentability and freedom-to-operate checks during experimental design. The collaboration addresses a costly industry problem: 37% of organisations spend 25% to 40% of their R&D budgets on projects that never reach market. Alchemite uses machine learning to predict optimal formulations from sparse data, compressing development cycles by 50% to 80%. Through the partnership, its AI agent can now validate candidates against Patsnap's database of over 170 million patent records before laboratory work begins, identifying conflicts and suggesting alternative ingredients whilst maintaining performance targets. The integration runs through Patsnap's Open Platform, embedding IP intelligence directly into the design process.

The Post and Courier
Jun 25th, 2026
PatSnap and Intellegens announce strategic partnership bringing real-time IP intelligence into ai-driven formulation design.

PatSnap and Intellegens announce strategic partnership bringing real-time IP intelligence into ai-driven formulation design. * Jun 25, 2026 This paid press release is brought to you from our partnership with EZ Newswire. The Post and Courier news staff was not involved in its creation. The partnership integrates Patsnap's proprietary global patent dataset with Intellegens' Alchemite Suite, giving R&D teams access to patentability and freedom-to-operate checks during experimental design. LONDON, United Kingdom, June 25, 2026 (EZ Newswire) - Patsnap, the global leader in AI-native innovation intelligence for IP and R&D, and Intellegens, a pioneer in advanced machine learning for R&D, today announced a strategic partnership connecting Patsnap's global patent dataset with Intellegens' Alchemite(TM) Suite. The partnership is designed to give R&D teams in chemicals, materials, and FMCG access to patent insight earlier in the development process, at the point of experimental design rather than after testing is complete. Formulation development and IP review have traditionally operated as separate functions. Scientists optimize a candidate material or chemical formulation and then submit it for patent clearance, a sequence that can result in weeks of experimental work being forfeited or redirected when a conflict is identified. Alchemite uses machine learning to predict optimal formulations from sparse experimental data, compressing development cycles by 50% to 80% by directing R&D teams toward the most promising candidates. That compression matters: according to Patsnap's 2026 R&D Benchmark Report, based on responses from 200+ R&D professionals, more than a third of organizations (37%) spend between 25% and 40% of their entire R&D budget on projects that never reach market, and when projects are terminated late in development or testing, 45% of respondents estimate the wasted investment at $1 million or more per project. Through the partnership, Intellegens' AI agent, Alchemite Insight, can now validate candidates against Patsnap's database of more than 170 million global patent records for novelty and freedom-to-operate before bench work begins. Where a conflict exists, the system can surface alternative ingredients or process parameters that maintain the performance target while staying clear of protected intellectual property. The integration runs through Patsnap's Open Platform, which allows AI systems and agents to call its IP intelligence programmatically. This is what allows IP validation to sit natively inside Alchemite's design loop rather than as a separate, manual step. "Patsnap's R&D customers have consistently flagged the gap between formulation work and IP review as a drag on their go-to-market timelines. This partnership puts IP intelligence where it can influence decisions at the design stage, not after the fact," said Ray Chohan, co-founder of Patsnap. "By embedding Patsnap's IP intelligence directly into the Alchemite experimental design process, we remove the friction between invention and legal validation," said Ben Pellegrini, CEO of Intellegens. "Scientists don't just get a high-performing formula; they get the confidence that it is a viable, legally clear asset from day one." About Patsnap Founded in Singapore in 2007, Patsnap is a leading global innovation intelligence company. Leveraging domain-specific AI agents and robust analytics tools, Patsnap empowers IP and R&D teams to unlock insights, accelerate discoveries and protect breakthroughs. Trusted by nearly 20,000 enterprises, law firms and research institutions in over 50 countries including one-third of the world's largest R&D spenders, Patsnap transforms how organizations innovate and make critical decisions. Learn more at www.patsnap.com. About Intellegens Intellegens provides unique machine learning software, Alchemite(TM), designed to solve complex problems with sparse or noisy data. It accelerates the development of novel materials, chemicals, and processes across industries ranging from aerospace to pharmaceuticals. For more information, visit intellegens.com. Media Contact Kate White

Associated Press
Jun 18th, 2026
Patsnap adds conversational AI to patent intelligence platform using 208M patents and 215M literature records

Patsnap, a global innovation intelligence company, has expanded its Hiro AI platform with conversational search capabilities for patent intelligence. The feature allows IP and R&D teams to ask questions in natural language and receive structured competitive insights without needing complex search skills. Hiro draws on Patsnap's proprietary dataset of over 208 million patents, 215 million non-patent literature records and 1.6 billion legal data points across 174 jurisdictions. Users can ask questions like "How does our portfolio compare to Company X?" and receive actionable answers automatically. Early testing showed significant efficiency gains, with 12-stage patent intelligence workflows completed in a single session—work that traditionally takes days or weeks. The platform serves nearly 20,000 enterprises, law firms and research institutions globally, including one-third of the world's largest R&D spenders.

Niotex
Jun 15th, 2026
Enflame gains momentum as China AI chip startup targets IPO.

Enflame gains momentum as China AI chip startup targets IPO. Tencent-backed Enflame prepares for IPO amid China's growing AI chip industry, riding the wave of China AI chip growth and expanding investor interest. News. Enflame, a China-based AI chip startup backed by Tencent, is heading toward an IPO as China's AI chip industry accelerates, reflecting rising investor confidence. Lead Story Excerpt from Bloomberg: "Cameron Dawson, CIO at NewEdge Wealth, examines the areas of the equity markets that could see the biggest potential upswings with the announcement of an agreement between the US and Iran. (Source: Bloomberg)" Excerpt from Bloomberg: "Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, examines the bond market reaction to the announcement of an agreement between the US and Iran and looks ahead to this week's Federal Reserve interest rate decision. (Source: Bloomberg)" Excerpt from Bloomberg: ""The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, Niotex Inc. go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's..." Excerpt from Bloomberg: "Senegal's National Assembly will assess any solutions for the country's debt challenges, including a possible restructure of billions of dollars in loans, on whether they advance a broader economic-transformation agenda, Speaker Ousmane Sonko said." Excerpt from TheStreet: "Cathie Wood, head of Ark Investment Management, has a history of buying stocks shortly after their IPOs. In recent years, Wood's Ark funds have invested in newly public companies such as Tempus AI (TEM), Coinbase (COIN), and CoreWeave (CRWV), reflecting her strategy of..." Excerpt from Bloomberg: "For many politicians and technologists outside the US, their gravest fear about AI came true this weekend" Excerpt from Bloomberg: "Peace agreement spurs stock and bond rally, oil slump." Excerpt from TheStreet: "A few years ago, you could spot most financial scams by their broken grammar, misspelled logos, or generic language that felt nothing like legitimate correspondence. Charles Schwab's financial crimes team says those distinctive signs have largely vanished, replaced by attacks..." Excerpt from Bloomberg: "The forum created to solve geopolitical crises was excluded from the US-Israeli planning for war on Iran and the diplomacy to end it." Excerpt from Bloomberg: "The US and Iran said they reached an interim peace agreement to reopen the Strait of Hormuz and move further toward ending a war that's killed thousands of people across the Middle East." Excerpt from Bloomberg: "Patsnap, an intellectual-property data provider, has filed confidentially for an initial public offering in Hong Kong and Singapore, snapping a prolonged drought for technology listings by Southeast Asian companies." Excerpt from Bloomberg: "Xiaohongshu Technology Co., the Chinese creator of social platform RedNote, is preparing to confidentially file for an initial public offering in Hong Kong by the end of this month, according to people familiar with the matter." Excerpt from Bloomberg: "Ukraine said a historic UNESCO-protected Orthodox cathedral in Kyiv was hit by a Russian drone and missile strike early on Monday. The Kremlin's latest barrage killed four people and injured about 30 as it set apartment buildings in several parts of the city ablaze, according to..." Excerpt from Bloomberg: "Tencent Holdings Ltd.-backed Shanghai Enflame Technology Co. has received approval for an initial public offering, a key step toward bringing to the market the last of the "four little dragons," a group of leading artificial intelligence chipmakers." Excerpt from Bloomberg: "India's trade deficit in May narrowed marginally from the previous month, though it was wider than estimated, with officials saying an interim US-Iran agreement to reopen the Strait of Hormuz has improved the outlook." Excerpt from Bloomberg: "Ukraine and Moldova will launch the first portion of European Union membership talks, finally advancing after Hungary spent years blocking the process." Excerpt from TheStreet: "The first mistake investors can make with SpaceX is thinking the payday happened all at once. It didn't. SpaceX's initial public offering gave retail investors a rare chance to invest in Elon Musk's rocket, satellite and artificial intelligence enterprise. But for the company's..." Excerpt from Bloomberg: "Pakistan will host an event in Geneva to mark the US-Iran peace deal, Prime Minister Shehbaz Sharif told parliament, crediting Army Chief Asim Munir with playing an "extraordinary role" in efforts to end a conflict that threatened to destabilize the global economy." Excerpt from Bloomberg: "European leaders said they're ready to deploy military assets to reopen the Strait of Hormuz once the peace agreement announced between the US and Iran is implemented." Excerpt from Bloomberg: "SpaceX shares jumped in premarket trading Monday, after its blockbuster debut Friday vaulted it into the ranks of the world's most valuable public companies." Excerpt from TheStreet: ""They give more light than another brand I bought, and the sensor works better as well."" Excerpt from TheStreet: "Shoppers say it's "worth every penny."" Excerpt from Bloomberg: "A US-Iran deal intended to reopen the Strait of Hormuz within days has been met with caution by shipowners and traders, with many saying they would need more details in order to assess whether safe transits are possible after months of false starts." Excerpt from Bloomberg: "Treasuries advanced across the curve as investors dialed back expectations for Federal Reserve interest-rate hikes following news of a deal to halt the Iran war." Excerpt from TheStreet: "A recent leak shared by GSMArena could suggest that Samsung (SSNLF) is planning a far greater fight in luxury smartphones. Samsung has been a dominant name in the foldable smartphone segment for years. But that leadership no longer seems quite as safe. Samsung continues to lead..." Excerpt from TheStreet: "Medicare is not facing an immediate crisis, but the program's costs continue to rise faster than the economy. According to the latest Medicare Trustees Report, the Medicare Part A Hospital Insurance trust fund is projected to be depleted in 2033. If Congress takes no action..." Excerpt from Bloomberg: "Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran agreed to end their war and reopen the Strait of Hormuz." Excerpt from Bloomberg: "When Eli Ben-Sasson helped create the Zcash cryptocurrency nearly a decade ago, the cryptographer worried about human adversaries. He didn't expect that machine intelligence would one day expose a flaw that had eluded years of expert human judgment." Excerpt from GitHub: "Collection of publicly available IPTV channels from all over the world" Excerpt from GitHub: "A self-hosted data logger for your Tesla | [main maintainer=@JakobLichterfeld]" Excerpt from GitHub: "Give your AI agent eyes to see the entire internet. Read & search Twitter, Reddit, YouTube, GitHub, Bilibili, XiaoHongShu - one CLI, zero API fees." Excerpt from GitHub: "Meshery, the cloud native manager" Excerpt from GitHub: "Open-source live-chat, email support, omni-channel desk. An alternative to Intercom, Zendesk, Salesforce Service Cloud etc." Excerpt from GitHub: "《Hello 算法》:动画图解,一键运行的数据结构与算法教程.支持简中,繁中,English,日本語,提供 Python, Java, C++, C, C#, JS, Go, Swift, Rust, Ruby, Kotlin, TS, Dart 等代码实现" Excerpt from GitHub: "freeCodeCamp.org's open-source codebase and curriculum. Learn math, programming, and computer science for free." Excerpt from GitHub: "Open-source infrastructure for Computer-Use Agents. Sandboxes, SDKs, and benchmarks to train and evaluate AI agents that can control full desktops (macOS, Linux, Windows)." Excerpt from GitHub: "A complete computer science study plan to become a software engineer." Excerpt from GitHub: "Learn it. Build it. Ship it for others." About this digest. Audience: AI hardware and startup investors China AI chip wave AI hardware startups # ChinaTech # AIhardware # technews ai hardware china ai industry chip manufacturing

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