Patsnap, with its slogan "Powered by advanced AI," is a leading player in AI-powered innovation intelligence, offering a user-friendly platform that transforms collaboration for IP and R&D teams throughout the innovation lifecycle. Established in 2007 and headquartered in Singapore, Patsnap caters to over 12,000 companies globally in diverse sectors like life sciences, manufacturing, engineering, automotive, consumer goods, law firms, and technology. The company recently secured a $300.00M Series E investment on 16 March 2021, with participation from prominent investors including Vertex Ventures, Shunwei Capital, Sequoia China, SoftBank Vision Fund, CITIC Industrial Investment Group, and Tencent.
This successful round of funding signifies the confidence that top-tier investors have in Patsnap's AI-driven approach to innovation collaboration. The company's strong presence in the analytics industry, combined with its recent hefty investment, positions Patsnap as a potential game-changer in revolutionizing the innovation landscape. With its impressive track record and the backing of major industry players, Patsnap is set to further accelerate its growth and solidify its position as a key player in AI-powered innovation intelligence.Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series E | $300.00M | 6 | Tencent, Sequoia Capital China +1 | 16 Mar 2021 |
Series D | Unknown | 2 | 10 Oct 2018 | |
Series D | $38.00M | 3 | Sequoia Capital China | 15 Jun 2018 |
Series C | Unknown | 3 | Sequoia Capital China | 21 Nov 2016 |
Series B | $10.00M | 2 | 17 Dec 2015 |
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