DeepIP, a startup that has developed an AI assistant to help draft patents, has secured a $15 million Series A investment.
The AI assistant can summarize large documents, simplify complex jargon, highlight novel aspects of the innovation, and spot any omissions in the patent draft.
The platform is gaining traction among corporations and law firms, and has already helped draft 8,500 patent applications.
With the fresh funding, DeepIP plans to continue growing its product teams.