Iprova

Iprova is a SaaS startup based in Switzerland, founded in 2010. Their pioneering data-driven approach to innovation revolutionizes the creation of physical science inventions by harnessing the real-time inventive power of the world’s information. This enables the generation of commercially relevant breakthrough inventions with unprecedented speed and efficiency. They offer clients the opportunity to establish their data-driven invention labs or to access inventions on demand, which ultimately contribute to defining next-generation products and services, and subsequently, growing top-line revenues.

Their disruptive technology has garnered praise from industry leaders. Thomas Brette, Group Insights and Innovation Officer at BIC, highlighted the technology's potential in enhancing their approach to product invention. Similarly, Panasonic Corporation's Director of Intellectual Property Center, Yoshiaki Tokuda, emphasized the efficiency in acquiring commercially relevant, disruptive inventions that support their business strategy, particularly in the automotive sector. Moreover, Philips Intellectual Property & Standards identified the impact of Iprova’s "out of the box" inventions on their research opportunities and patent portfolio expansion.

Notably, Iprova's technology has been acknowledged by experts in the field. Bill Fischer, Professor of Innovation Management at IMD, noted that Iprova has raised the probability of innovation payoff, while Martin Jaggi, Tenure-Track Assistant Professor at the Machine Learning and Optimization Laboratory at EPFL, commended their state-of-the-art AI and machine learning methods.

While specific investment details are not available, the endorsements from industry giants and experts validate the potential of Iprova, positioning them as a compelling player in the innovation space, poised for further growth and impact.