PatentPal
PatentPal is building language technology to auto-generate patent applications. Patent attorneys bill clients at $15k per patent, fixed-fee. The patent drafting market is $9B in the US, $32B worldwide, and growing each year. The current product automates the first five hours of drafting a patent, representing a 20% productivity boost towards a patent that would otherwise take 25 hours to draft. Using our technology, a law firm can increase annual profits by $20M. We recently launched into open beta and have acquired initial revenue. Our mission is to capture the rapidly-expanding global intellectual property market.
PatentPal
PatentPal is building language technology to auto-generate patent applications. Patent attorneys bill clients at $15k per patent, fixed-fee. The patent drafting market is $9B in the US, $32B worldwide, and growing each year. The current product automates the first five hours of drafting a patent, representing a 20% productivity boost towards a patent that would otherwise take 25 hours to draft. Using our technology, a law firm can increase annual profits by $20M. We recently launched into open beta and have acquired initial revenue. Our mission is to capture the rapidly-expanding global intellectual property market.
TL;DR
What: Generative-AI platform that auto-generates patent application text and figures from claims
Founder / CEO: Jack Xu
Founded: 2018
Stage / Funding: Pre-Seed (Oct 1, 2020); early institutional investors include Foothill Ventures
Product status: Open beta with initial revenue
Team size: 3 employees (reported)
Company Overview
Problem Domain
Patent drafting and intellectual property application preparation
Founded
2018
Industry
Legal technology (intellectual property / patent drafting)
Tech Stack
Funding Track Record
250000.00 USD
Investor Signal
“Venture-backed; early rounds led by Foothill Ventures. Dealroom listings also report institutional investors including Divide by Zero and Tsingyuan Ventures.”