AI-Powered Legal Tech Startup Raises $12M to Transform IP and Patent Workflows
In an era where legal professionals still rely heavily on spreadsheets and PDFs for intellectual property (IP) and patent work, Solve Intelligence is leveraging generative AI to modernize the industry. The Delaware-based startup recently closed a \(12 million Series A funding round led by 20VC, with participation from Microsoft’s M12, Thomson Reuters Ventures, and Y Combinator. This brings their total funding to \)15 million.
Bridging the Gap Between AI and Legal Expertise
Solve Intelligence offers an in-browser document editor designed specifically for patent attorneys. Unlike generic tools, their AI-powered platform assists with:
- Patent drafting
- Office action responses
- Claim charting
- Invention disclosure generation and enhancement
“Eighteen months ago, building AI-driven software for patent workflows wasn’t feasible. Today, our algorithms transform off-the-shelf AI outputs into professional-grade legal content,” said Sanj Ahilan, co-founder and Chief Research Officer.
Rapid Growth and Industry Adoption
Since its launch in 2023, Solve Intelligence has achieved remarkable traction:
- 200+ IP teams across the U.S., Europe, and Asia, including Siemens, Avery Dennison, DLA Piper, and Finnegan
- 25% month-over-month revenue growth since launch
- Profitability achieved within two years
CEO Chris Parsonson emphasized the company’s lean approach: “We’ve scaled to millions in annual recurring revenue (ARR) without a sales or marketing team.”
Strategic Expansion and Future Roadmap
The fresh capital will fuel:
- Product Development: Expanding beyond drafting to freedom-to-operate analysis, claim chart licensing, and patent portfolio management.
- Life Science Focus: Enhancing functionality for pharmaceutical companies, including sequence listing and patent prosecution.
- Team Growth: Hiring 20+ new employees across AI research, engineering, and legal domains.
- Geographic Expansion: Opening a New York office in 2025.
Competitive Edge in a Crowded Market
While compe*****s like PatSnap, HarveyAI, and Casetext (acquired by Thomson Reuters) vie for market share, Solve differentiates itself through:
- Customizable AI Styles: Attorneys can tailor outputs to their unique drafting preferences, jurisdictional requirements, and client needs.
- Strategic Partnerships: Collaborations with Microsoft and Thomson Reuters enable deeper integrations with tools like Microsoft Word.
- Domain-Specific Expertise: A team of patent attorneys and AI researchers ensures outputs meet legal standards.
“Our partnerships will help scale AI-driven patent solutions globally,” Parsonson noted, highlighting the startup’s ambition to redefine legal workflows through technology.
Editor’s Note: Solve Intelligence’s rapid growth underscores the legal industry’s appetite for AI tools that combine domain expertise with cutting-edge technology. As IP workloads grow increasingly complex, such innovations promise to unlock new efficiencies for attorneys worldwide.
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