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Iprally, A Patent Search Engine Powered By Explainable Ai, Raises $10.8M

Mar 21, 2023•over 2 years ago

Amount Raised

$10.8 Million

FinlandIntellectual PropertyArtificial Intelligence

Investors

Icebreaker.VcSpintop VenturesJoin CapitalEndeit CapitalIp Rally

Description

IPRally, a Finnish startup building a knowledge graph-based patent search engine, has raised €10 million ($10.8 million) in a Series A round of funding.

Company Information

Company

IPRally

Location

Finland

About

Increasing the productivity of inventors and patent people with the first patent search that thinks like a patent professional. Using the latest machine learning and natural language processing techniques to harness the vast amounts of human patent intelligence stored in public databases to serve the IPR field.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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