DeepIP Raises $25m For AI-Driven Patent Work

And before heading off to the Litera webinar this afternoon, here’s a fundraise story. DeepIP, a relatively new AI patent platform – which among several others is now blazing an AI-powered path through the IP world – has raised $25m more in a Series B funding round, bringing its total capital raised to $40m over a very short timespan, (as nicely illustrated above).

They have seen amazing growth and work with more than 400 law firms and corporate IP teams in 25 jurisdictions and five continents, including Greenberg Traurig, Mewburn Ellis, Dexcom, and Philips, they said.

As to what they do, they explained that DeepIP has quickly ‘become the system of record for AI-native patent work’ and that ‘this funding accelerates the company’s mission to make AI a first-class, trusted layer across every step of the patent lifecycle’.

François-Xavier Leduc, CEO and Co-Founder of DeepIP, commented: ‘The first wave of AI in patent practice focused on speeding up individual tasks. But patent work is cumulative. It spans years, teams, decisions. We built DeepIP to be the system where that work lives, with AI embedded throughout the workflow so professionals don’t have to manage fragmentation or carry context manually.’

Congrats to them. The field of IP and patents continues to be shaken up by AI.

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Legal Innovators California, the landmark West Coast legal tech event, will take place on June 10 and 11, in the heart of the Bay Area, the home to many of the world’s leading AI businesses – and plenty of legal tech pioneers as well! More information and tickets here.