IPlytics, a Berlin, Germany-based provider of an artificial intelligence (AI)-powered patent analytics software platform, received several million euros in venture capital round.
The round was led by eCAPITAL, with participation from High-Tech Gründerfonds.
The company intends to use the funds to for the further technical development of the software as well as the expansion of sales into international markets, in particular USA, Korea and Japan.
Led by founder and CEO Tim Pohlmann, IPlytics offers an online-based market intelligence tool to analyze technology trends, market developments and a company’s competitive position.
The SaaS-based tool empowers its users to analyze technology landscapes, market developments and a company’s competitive position for any industry. IPlytics Platform integrates multiple data sources and intelligent search algorithms to provide a mapping of e.g. patents to technology standards, products or M&A deals. The tool allows companies to make the right R&D investment decisions by providing actionable insights on relevant Intellectual Property (IP) assets. Currently, it integrates over 80 million patent documents, 60 million scientific publications, 3 million company information and 2 million standard documents in its analyses.
Customers include Volkswagen, Audi, Daimler, Fraunhofer, Intel, Qualcomm, Microsoft, Panasonic, Canon, LG and Huawei.