NEW YORK — Patlytics, an AI platform for the full patent lifecycle, has landed $40 million in Series B funding. The round was led by SignalFire, with participation from N47, Myriad Venture Partners, Relativity, Alumni Ventures, Antiportfolio Ventures, and BAM Corner Point. Total funding to date by the company is $65 million, raised in under two and a half years.
IP professionals at law firms and companies around the world use Patlytics to run patent workflows from end to end: invention harvesting, application drafting, infringement analysis, invalidity contentions, transactional due diligence, and portfolio management. Customers report measurable impact: 80% reduction in project time, $30,000+ saved per claim chart, and up to 15 hours recovered per patent application.
AI has reshaped much of the legal field. IP has been slower to change, not because the work is low-stakes, but because it’s structurally different from other legal disciplines. The patents a company holds, or fails to hold, can determine whether it launches a new product or drops it from its roadmap, whether it leads a market or competes in someone else’s. That makes IP a strategic question as much as a legal one, and it requires software built specifically for that.
“Patent work demands judgment no AI will ever replace. We built Patlytics for the attorneys doing that work – active litigation, prosecution, licensing negotiations where being wrong isn’t an option. Every decision we made has been in service to them and the assets their clients trust them to protect.”
— Paul Lee, Co-Founder & CEO, Patlytics
Patlytics is used by over 40% of Am Law 100 firms, and multiple top Legal 500/Chambers-ranked IP practices, including Quinn Emanuel, Foley & Lardner, Susman Godfrey, Canon, Rivian, Xerox, Asahi Kasei, and TaylorMade.
