PatentPal
Foster City
About PatentPal
PatentPal is building language technology to auto-generate patent applications. Patent attorneys bill clients at $15k per patent, fixed-fee. The patent drafting market is $9B in the US, $32B worldwide, and growing each year. The current product automates the first five hours of drafting a patent, representing a 20% productivity boost towards a patent that would otherwise take 25 hours to draft. Using our technology, a law firm can increase annual profits by $20M. We recently launched into open beta and have acquired initial revenue. Our mission is to capture the rapidly-expanding global intellectual property market.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: $1K – $10K
- Total funding: $250.0K
- Funding stage: Seed
- Last round: Pre-Seed (Oct 2020)
- Website: patentpal.com
- Phone: 6504604023
Industries & Categories
Artificial Intelligence (AI), Enterprise Software, Legal Tech, Machine Learning, Natural Language Processing
Social Profiles
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