Patsnap, founded in 2007 and headquartered in Singapore, is a leading force in the intersection of AI and Analytics. Known for its slogan "Powered by advanced AI, Patsnap helps IP and R&D teams collaborate and accelerate the entire innovation lifecycle," the company serves over 15,000 companies worldwide.
Patsnap's core offering leverages its domain-specific LLM, Hiro—an AI assistant—alongside proprietary innovation data to empower IP and R&D teams. This enables clients to boost their IP productivity by 75% and cut R&D waste by 25%, fostering decisions that are faster and more confident.
The company last secured a substantial $300.00M Series E investment on 16 March 2021. Prominent investors in this round included Vertex Ventures, Shunwei Capital, SoftBank Vision Fund, Tencent, Sequoia Capital China, and CITIC Industrial Investment Group. This capital influx underscores strong confidence from key players and highlights Patsnap's potential to continue growing its market leadership in the AI-driven innovation space.