PatSnap, a London, UK-based provider of research and development (R&D) analytics, closed $38M in Series D funding.
The round, which brings total funding to date to over US$100, was led by Sequoia Capital and Shunwei Capital, with participation from Qualgro.
The company intends to use the funds to to invest further in R&D and continue to expand its operations globally.
Founded in 2007 by Jeffrey Tiong, CEO, PatSnap is a provider of research and development (R&D) analytics, for analyzing tech trends, driving innovation, market planning, competitor intelligence and maximizing return on IP assets. By combining millions of data points from patents, licensing, litigation, and company information with non-patent literature, PatSnap provides the world’s most innovative organisations with a new, intuitive source of information to accelerate their R&D.
The solution is used by R&D business and IP professionals in thousands of commercial and not-for-profit organizations globally, and has offices in the UK, USA, Singapore and China.
The company has over 8,000 clients globally, with more than 4500+ clients in China.