DeepIP has raised $25m in Series B funding, taking total funding to $40m, as it scales its AI platform for patent work across law firms and in-house IP teams.
The round was co-led by Korelya Capital and Serena, with participation from Headline and Balderton. DeepIP said it has delivered tenfold ARR growth in 18 months and is now used across 400+ IP law firms and corporate IP teams, citing customers including Greenberg Traurig, Philips, Dexcom and Mewburn Ellis.
François-Xavier Leduc, CEO and Co-Founder of DeepIP, said: “The first wave of AI in patent practice focused on speeding up individual tasks. But patent work is cumulative. It spans years, teams, decisions…We built DeepIP to be the system where that work lives, with AI embedded throughout the workflow so professionals don’t have to manage fragmentation or carry context manually.”
Source: DeepIP
Read the full article: https://www.deepip.ai/blog/deepip-40m-funding-ai-patent-platform
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