Patented.ai is a technology company.
Patented.ai has raised $9.0M across 2 funding rounds.
Key people at Patented.ai.
Patented.ai has raised $9.0M in total across 2 funding rounds.
Key people at Patented.ai.
Patented.ai is a technology company specializing in AI-powered intellectual property (IP) tools that automate patent analysis, commercialization, valuation, and portfolio management.[1][3] It serves innovators, investors, litigators, and enterprises by identifying patentable inventions in codebases, pruning low-value patents, mapping claims to source code, and enabling licensing or litigation strategies with zero upfront costs.[1][3] The company also offers LLM Shield, an on-device data privacy solution to prevent sensitive IP and PII from leaking to large language models (LLMs).[7] Founded in 2023 and headquartered in Santa Monica, California (with some sources noting Boston, MA), Patented.ai has raised $4M-$4.5M in pre-seed funding and employs 10-50 people, showing early momentum in the IP management software market where it ranks as a Challenger alongside giants like Siemens.[1][4]
Patented.ai was founded in 2023 by Wayne Chang (CEO) and David Brown, both bringing expertise to tackle complex IP challenges.[1][4][6] Wayne Chang, previously involved in the success of Crashlytics (backed by investor Steve Anderson), identified the need for AI to streamline IP commercialization amid rising litigation and AI-driven data risks.[6][7] The idea emerged from organizations' struggles with manual IP resolution, leading to tools like automated code analysis for inventions and real-time patent insights.[3][6] Early traction came via a $4M pre-seed round led by Cooley LLP, with angels including Naval Ravikant, Steve Anderson (Baseline Ventures), Jeff Fagnan, Nicole Stata, and Founder Collective, fueling development of core engines like Patent Portfolio and AI-driven prior art search.[1][4][7]
Patented.ai stands out in IP management through scalable AI that processes millions of patents, products, and code lines for high-stakes use cases.[3][5]
Patented.ai rides the explosion of AI-driven IP management and data privacy in the LLM era, where software patents dominate litigation and enterprises face risks from generative AI scraping sensitive code/IP.[1][3][7] Timing is ideal post-2023 AI boom, with market forces like rising patent disputes, need for automated due diligence, and regulations favoring tools that enable pruning/valuation amid bloated portfolios.[1][2] It influences the ecosystem by empowering litigators/investors with "smoking gun" evidence (e.g., code-to-patent mapping) and innovators via code invention discovery, reducing engineering distractions while boosting ROI—positioned as a Challenger in a landscape with Siemens and Dassault.[1][5] This shifts IP from cost center to profit driver, especially as newswires and semantic analysis unlock real-time opportunities.[2]
Patented.ai is poised to scale its Patent Portfolio Engine and LLM Shield for enterprise, expanding to more endpoints and integrations amid growing AI privacy mandates.[2][7] Trends like AI litigation surges, biopharma IP scouting (inspired by similar predictive tech), and semantic knowledge graphs will propel it, potentially capturing share in the $multi-billion IP software market.[1][8] Influence may evolve toward full IP monetization platforms, with funding enabling large-scale analyses and global reach—turning overlooked patents into profit centers as Wayne Chang did with past ventures.[6] This positions Patented.ai as a key enabler in an IP arms race fueled by AI.
Patented.ai has raised $9.0M in total across 2 funding rounds.
Patented.ai's investors include 10100, 186 Ventures, Accomplice VC, Amino Capital, Andreessen Horowitz, Arrive, Bain Capital Ventures, Baseline Ventures, Bessemer Venture Partners, Boston Seed Capital, BoxOne Ventures, Browder Capital.
Patented.ai has raised $9.0M across 2 funding rounds. Most recently, it raised $5.0M Seed in June 2023.
