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- Meet NLPatent: A Cool Startup Revolutionizing the Patent Search and Analytics Landscape with its AI-based Platform
Meet NLPatent: A Cool Startup Revolutionizing the Patent Search and Analytics Landscape with its AI-based Platform
Despite being at the heart of innovation, patent technology has stagnated since the 90s. Companies still rely on Excel spreadsheets for managing patent portfolios, and traditional keyword-based searches for patents fall short due to the complexity and diversity of language. The CEO, an intellectual property lawyer, observed conventional methods are time-consuming and often miss critical information, highlighting a dire need for a more efficient solution.
Meet NLPatent: A cool startup revolutionizing the patent search and analytics landscape with its AI-based platform.
NLPatent's AI-Driven Solution
NLPatent answers this call with its proprietary large language model, tailored to understand the nuanced language of patents. This breakthrough allows users to describe their invention in full sentences, and the AI comprehensively interprets this description, generating a list of conceptually similar patents. This method is not only instant but also iterative, learning and improving with each use.
AI at the Intersection of Innovation and Efficiency
NLPatent sits at the crossroads of AI and intellectual property (IP), leveraging recent AI advancements to transform patent data accessibility. Its AI system is designed for both patent professionals and non-experts, ensuring efficient and effective patent data access.
Impact and fast growth
With clients across law firms, corporations, and universities, NLPatent is making patent searches more efficient and enabling non-patent professionals to access crucial data. The startup has seen remarkable growth, quadrupling its revenue over 14 months and generating over $45,000 monthly in recurring revenue.
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