PatSnap, a Singapore-based provider of intellectual property analytics and management software, raised $10m in funding.
Summit Partners made the investment.
The company intends to use the funds to continue to scale its business around the world.
Founded in 2007 by CEO Jeffrey Tiong, PatSnap provides web-based intellectual property analytics and management software built on a database of global patents and intellectual property.
The platform ingests, maps, and links over 100 million patents from virtually every relevant jurisdiction in the world. Proprietary analytics and visualization software allows researchers to conduct intellectual property research and monitor IP evolution in several sectors.
PatSnap serves thousands of corporations, research and academic institutions, and governments in almost every industry around the world.
Customers include NASA, Vodafone, L’Oreal, MIT and the National Institutes of Health – operate in industries ranging from technology, life sciences, consumer products, manufacturing, education and other sectors.