We’ve raised a $40M Series B (total $55M) to build the AI platform for patents. 400+ IP teams use Solve, ARR >10x to 8 figures & already profitable. Launching Charts for claim charts, FTO & portfolio analysis. Huge thanks to customers & team! Led by @VisionariesVC and @20vcFund
Where will value accrue in the world of AI? 🧐
At 20VC we believe that deeply verticalised AI solutions solving *real* pain points, and going deep into workflows, will create a tremendous amount of value.
Enter Solve Intelligence @SolveIntel, the all-in-one AI Copilot for Patent Attorneys:
(1) Stellar ROI for law firms & in-house IP teams ➡️ up to 80% time saved (!)
(2) Never seen before customer love: most rate the solution a 10/10 🥇
(3) A truly stellar team: customer centric, highly technical and building at the speed-of-light 💪
Today, I could not be more pumped to be backing @ChrisParsonson, @AngusParsonson and @SanjAhilan and lead Solve Intelligence's $12m Series A, with my friend and colleague @HarryStebbings - and to join their board.
What's more - we are joined by the world's leading strategic investors in the legal space: @Microsoft, and @thomsonreuters.
Both Microsoft and Thomson Reuters saw eye-to-eye with us, and identified Solve Intelligence as THE leading OS for IP teams.
A very special thank you to @t_blom (Solve's YC S23 Group Partner) for putting the team on our radar, and @ycombinator who are doubling down in the company alongside us.
Congrats to @ChrisParsonson, @SanjAhilan, @AngusParsonson, and the @SolveIntel team on their $12M Series A!
Solve Intelligence is the go-to platform to help inventors, in-house IP teams, and outside legal counsels collaborate across every part of the patent process.
They're already powering 200+ IP teams and have grown ARR 25% MoM since launch - with 0 sales or marketing staff.
https://t.co/iHUquWZ6bO
Awesome to read a case study from @WorldIPReview about a @SolveIntel customer, InPera IP, who 'has reduced patent application drafting from 20 to 10 hours' by using Solve's AI product.
Reach out if your team is interested in drafting high-quality patents efficiently
I’ve noticed a pattern with some AI startups that are producing flashy demos with very low customer engagement.
They are usually solving occasional problems.
An example is “use natural language to query a database”.
Most employees at a tech company don’t actually write SQL queries every day. They might want to write a query once a month and struggle with the syntax. This is an occasional problem.
Data scientists, on the other hand, write SQL queries every day, but the solution they’d want is a power tool for data scientists. It would probably have version control, performance monitoring and collaboration features. Not a chatGPT style interface for hobbyists and beginners.
LLMs are really shining right now where they are applied to repetitive work that’s done by teams of human for 8+ hours a day.
@greenliteai is automating KYB for banks
@SolveIntel is automating the production of legal patents
@markprompt and @Senso_AI are making customer service agents more effective.
New in #AICopilot: 'Add Documents as Context to Chat'. Choose the documents for AI reference, balancing detail & breadth. Tailor the AI's perspective to your needs 📚🤖. Dive in: https://t.co/EyVNZPAylE #LegalTech#AI#DocumentIntegration#Innovation
🚀Introducing 'Figures Integration' in #AICopilot. Upload technical drawings & let AI incorporate them flawlessly into your patent app. A game-changer that takes patent drafting to uncharted territories! Explore now: https://t.co/EyVNZPAylE 🖼️📝 #LegalTech#AI#PatentDrafting
🔍 Seamless, dynamic patent drafting! Resize for optimal view, instantly edit text post-AI stream, and effortlessly copy to clipboard. Experience heightened interactivity between AI and legal experts for precision-driven patent creation: https://t.co/EyVNZPAylE 🖊️🌐 #AICopilot
🎉 Fresh off the dev desk: Import and export Word documents to our #AICopilot 📑. Upload your patent draft, edit it with our cutting-edge AI, and export it back to Word, ready for submission. Also supports .pdf and .txt files.
⚡ Introducing 'Interactive AI Review' in our #AICopilot. Click 'review' after drafting and get your patent scrutinized by our AI, with suggestions, corrections and more. Elevate your patent quality. Try it now: https://t.co/EyVNZPB6bc 🖊️🔎 #LegalTech#AI#Patents
🌟 Launching 'AI Style Extraction' in our #AICopilot. Upload a patent, let the AI extract your unique style and get a summarized guide. Edit and save. Now, AI drafts patents in your style more effortlessly! Try now: https://t.co/EyVNZPB6bc 📝💡 #LegalTech#AI#Patents