PatSnap offers a platform that helps businesses, inventors, and researchers understand patents and innovation. Its main product aggregates and analyzes data from patents, scientific literature, and market reports, enabling clients to make informed decisions about their R&D investments. The company operates on a subscription model, providing various service tiers and educational courses through its Innovation Academy. PatSnap's goal is to empower clients to leverage intellectual property data to drive growth and maintain a competitive edge.

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With the launch of Hiro Life Sciences (LS), PatSnap is seamlessly integrating generative AI into the R&D process, bridging the gap between AI and drug discovery.

Meet Hiro Life Sciences: Your Trusted AI Assistant for Accelerated Drug Discovery

Image credit: Osaka Innovation Hub. 26日、大阪市、都市活力研究所、JETRO 大阪本部、大阪産業局は「HackOsaka 2024」を開催した。このカンファレンスの目的の一つとして、海外スタートアップの日本進出、日本スタートアップの海外進出を支援することが掲げられているが、終盤には海外から大阪をエントリポイントとして日本市場に進出しようとするスタートアップによるピッチコンペティション「Global Startup Pitch」が設けられた。. 6社がピッチし、製品毎の正確な炭素排出量を瞬時に計算する AI プラットフォームを開発するカナダの Arbor が優勝した。このピッチコンペティションで審査員を務めたのは以下の方々だ。

Hackosakaのピッチには日本市場を目指す海外チーム6社が登壇、炭素排出量を瞬時にAi算出するカナダのArborが優勝

She added that Patsnap is expanding its team in Japan, hoping to boost the country's contribution to its revenues to a share of about 10% from just a fraction at the moment.

Singapore unicorn Patsnap to expand AI-powered patent search

The hidden power of patents and PatSnap's USD 100 million milestone.

The hidden power of patents and PatSnap's USD 100 million milestone

Sometimes it can appear from the outside that inhouse lawyers are reticent about legal innovation and tech adoption, but if you ‘follow the money’ then in reality it’s the CEO who ultimately decides. As Eric Topel, the new GC of IP platform Patsnap, told this site: ‘Not all executives have a strong understanding of legal.’‘Some CEOs are from a sales and marketing background, some from tech,’ he explained, ‘so sometimes there’s a lack of familiarity [about legal tech] and the different tools that are available.’‘Also, if there is a culture of blame at the company, then that culture encourages [the GC] to spend the money on law firms, not tools for the inhouse team,’ he added.‘The more integrated we are [with the C-suite], then the better the level of trust, and more work is kept inhouse, and so the same goes for [legal tech] tooling and AI that can help us to improve and be more efficient and save money,’ Topel said.That is to say, some companies’ C-suites don’t have a detailed understanding of what the legal team does or how they do it – nor perhaps want to have that level of engagement. This then makes them uncertain about the inhouse team’s overall value, and so they depend on law firms to handle more work, and also don’t want to invest in legal tech for their own team.In short, don’t always blame the inhouse lawyers when you see a lack of progress on legal innovation, there may be some very good corporate culture reasons for this that are beyond their control.And this goes beyond areas such as legal ops and improving the legal function. If the culture of the company is one where the CEO doesn’t have a feel for what the legal function can do to improve how it works, then that also has a follow-on impact on law firms. As, if legal advisors are under no external pressure to change due to client lack of interest, then don’t expect a powerful need to embrace legal tech there either.So, what’s the answer? Topel told Artificial Lawyer: ‘It’s incumbent on the GC to educate the C-suite.’But, will all GCs want to do that? He replied: ‘I see myself as a proactive attorney. But, if you are reactive then you may see no reason to change.’‘A lot of this is about demonstrating the value of the legal team,’ he added, and underlines that this is not always easy

Don’T Blame The Gc, The Ceo Decides

Read this article in:The UK continues to be a leading epicentre for lawtech startups. In 2020, approximately 200 lawtech startups in the UK secured £674M (€788.83M) in investments. This financial influx is projected to soar to £2.2B (€2.57B) in annual investment by 2026.Recognising the strategic importance of lawtech, the Ministry of Justice has identified it as an opportunity to further enhance the UK’s competitive edge in both the legal and tech industries. Law firms are actively participating in this trend, with some establishing incubator tech hubs and others forming partnerships with software developers to make tailor-made products.As the UK legal services market witnesses growth and transformation, a new wave of startups is emerging to transform the way legal services are accessed, delivered, and managed. Here, we spotlight some of the top lawtech startups making waves in the UK.PatsnapFounder(s): Jeff TiongFounded Year: 2007Funding: $351.6M- A message from our partner -Hiring: Yes, check out the job opportunities hereFounded in 2007, Patsnap is a leading player in lawtech. The company uses AI and machine learning to analyse intellectual property (IP) data and offers insights into various aspects such as patent expiration dates, licensing agreements, and litigation details.Patsnap has received $351.6M (€320M) across six fundraising rounds

From Legal Woes To Tech Wows: 7 Promising Uk Lawtech Startups You Need To Know, 6 Of Them Are Now Hiring

From Legal Woes To Tech Wows: 7 Promising Uk Lawtech Startups You Need To Know, 6 Of Them Are Now Hiring

Furthermore, in April 2023, Patsnap launched an AI-powered GPT product.

Intellectual Property Software Market Opportunities: A Global Industry Overview - 2032

In a significant development for patent professionals worldwide, Patsnap has collaborated with BizInt Smart Charts to empower users with streamlined data integration.

Transforming Patent Intelligence: Patsnap Partners with BizInt Smart Charts

Founded in 2007 to help IP and R&D professionals do their jobs more efficiently, Singapore-based PatSnap‘s first product was a global patent search database. Now it’s building out its suite of AI products with the launch of its AI assistant CoPilot.CoPilot lets users search patent and non-patent literature more quickly, which the company says will make IP and R&D workflows faster across PatSnap’s entire product suite. Its proprietary LLM also links back to sources, including journal and patents, and provides references.The startup says it has spent millions of dollars and has a team of more than 50 engineers dedicated to its AI capabilities. PatSnap CEO and co-founder Jeffrey Tiong tells TechCrunch that PatSnap exists to remove friction in the innovation process for its customers, both within IP and R&D teams, and between them. IP analysts and attorneys need to run prior art (information publicly disclosed before a patent was filed) and freedom to operate (or the ability to use a product or service without facing legal issues) searches to decide where their companies should invest time and money, and PatSnap’s products are designed to make the process more smooth.For example, PatSnap’s Analytics product includes over 180 million patents and over 130 million pieces of literature from 170 jurisdictions. IP teams can use PatSnap’s AI tools to analyze their markets and protect inventions at scale, says Tiong.What CoPilot does is build further onto PatSnap’s AI products

Ip Analysis Platform Patsnap Launches Copilot, Its New Ai Assistant

Intellectual property and innovation intelligence platform

PatSnap

Intellectual property and innovation intelligence platform

PatSnap

Intellectual property and innovation intelligence platform

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