In a major leap for legal tech, Solve Intelligence has raised $12 million in Series A funding, aiming to reshape how patent attorneys work. Founded in Delaware, this innovative startup is developing AI-powered tools to help intellectual property (IP) professionals streamline their workflow and improve patent drafting, filing, and prosecution.
Solve Intelligence’s Game-Changing AI Tools
Solve Intelligence’s flagship product is a browser-based document editor similar to Google Docs but with a key difference — it is powered by generative AI. This tool is designed to assist patent attorneys in several crucial areas of their work, such as patent drafting, claim charting, and generating invention disclosures. Unlike traditional methods, which often rely on spreadsheets and word processors, Solve’s AI brings legal expertise and efficiency to the forefront.
Impressive Growth and Strategic Partnerships
Solve has seen rapid adoption since its launch, with over 200 IP teams across the U.S., Europe, and Asia already using its AI tools. Notable clients include multinational corporations like Siemens, law firms like DLA Piper, and manufacturers like Avery Dennison. Even without a dedicated sales or marketing team, Solve has managed to scale its operations and increase its revenue by about 25% month-on-month.
How Solve is Using AI to Innovate Patent Law
The company’s success is partially attributed to advancements in AI that have made it possible to build software tailored to the needs of patent workflows. According to Solve’s co-founder and Chief Research Officer Sanj Ahilan, developing software for patent workflows was not feasible 18 months ago. Now, Solve has harnessed AI to produce professional-grade legal content, bridging the gap between off-the-shelf models like ChatGPT and the unique demands of patent law.
Solve’s Future and Expansion Plans
Solve plans to use the Series A proceeds to scale its product, hire more staff, and open a new office in New York this year. With its current team of 15 employees, the company is set to expand by 20 people over the next year. Additionally, Solve will continue to focus on R&D for life science applications, enhancing its AI tools for pharmaceutical companies and law firms.
Competing with Industry Giants
Solve faces competition from other legal tech startups like PatSnap, IPRally, and HarveyAI, as well as established players like Thomson Reuters, which acquired Casetext in 2023 for $650 million. However, Solve’s AI output quality, customization capabilities, and user experience give it a competitive edge. One of the standout features is the ability to customize the AI to a user’s unique style, adjusting for different jurisdictions, technology fields, and clients.
The Role of Strategic Partnerships in Solve’s Success
Partnerships with major investors such as Microsoft’s Venture Fund (M12), Thomson Reuters Ventures, and Y Combinator have played a significant role in solving key challenges in the legal tech space. These partnerships not only provide funding but also enhance Solve’s integration with essential software like Microsoft Word. This collaboration will help Solve scale its AI tools and reach a wider audience of patent professionals.
The Future of Patent Workflows
As Solve Intelligence continues to innovate in the legal tech space, it is poised to change the landscape of intellectual property management. With its advanced AI tools, customized user experiences, and strategic industry partnerships, Solve is setting a new standard for how patent attorneys can operate more efficiently and effectively.
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