Patlytics: Funding Rounds, Investors & CEO

About Patlytics

Patlytics makes AI software for patent work and sells it to law firms and corporate IP teams. It covers the whole life of a patent: invention disclosures, application drafting, office actions, prior art searches, claim charts, and infringement and invalidity analysis. Lawyers can run each task in its own module or ask Patlytics Agent, which draws on more than 130 million patents.

The company is headquartered in New York and has an office in London. Co-founders Paul Lee, the CEO, and Arthur Jen, the CTO, met at the University of Waterloo. 55% of the Am Law 100, the largest U.S. law firms by revenue, used Patlytics by September 2026. Its customers include Quinn Emanuel, Latham & Watkins, Rivian, Panasonic and Canon.

Funding Rounds (SEC Form D)

First sale	Filed with SEC	Amount sold	Investors	Avg. check	Terms	Filing
Mar 3, 2026	Apr 30, 2026	$40,524,991fully sold	9	$4.5M	EquityRule 506(b)	Form D ↗
Dec 17, 2024	Oct 16, 2025	$21,065,370fully sold	50	$421K	EquityRule 506(b)	Form D ↗
Total, two offerings		$61,590,361

First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.

Rounds announced by Patlytics

What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.

Announced	Round	Amount	Investors	Source
Apr 8, 2026	Series B	$40M	SignalFire (lead), N47, Myriad Venture Partners, Relativity, Alumni Ventures, Antiportfolio Ventures, BAM Corner Point	patlytics.ai ↗ Press release ↗ SignalFire ↗
Feb 24, 2025	Series A	$14M	Next47 (lead), Gradient, 8VC, Alumni Ventures, Liquid 2 Ventures, Myriad Venture Partners	patlytics.ai ↗ Press release ↗ N47 ↗
Apr 11, 2024	Seed	$4.5M	Gradient (lead), 8VC, Liquid 2 Ventures, Tribe Capital, Vermilion Ventures, Gaingels, Alumni Ventures, Position Ventures, Amit Agarwal; extended on 2024-11-19 by an undisclosed amount from Myriad Venture Partners (lead)	patlytics.ai ↗ Press release ↗ Press release (extension) ↗

Why Investors Backed Patlytics

Investors backed Patlytics because patent work is slow, costly and mostly manual, and Patlytics automates much of it in one product. N47, which led the Series A, said the platform's "breadth and depth" is what "sold us on Patlytics versus the competition." Growth mattered too. Revenue grew about tenfold in 2025, and the company had raised about $65 million by April 2026.

The problem it targets

Patent lawyers spend much of their time on slow, repetitive work. They search earlier patents, build claim charts by hand and answer patent office rejections. SignalFire, which led the Series B, says 60% to 80% of patent work goes to such tasks. Paul Lee saw the problem during more than a decade in venture capital. He describes top IP attorneys “stitching together disconnected tools to get through a single matter.” The stakes are high. In Lee’s words, a badly managed patent portfolio “creates a decade of competitive exposure.”

What the product does

Patlytics puts the whole patent lifecycle in one platform. Teams use it to turn invention disclosures into draft applications and to answer office actions. It searches patents and scientific papers, and it builds claim charts for infringement, invalidity and standard-essential patent work. Its Agent takes plain-language requests and draws on more than 130 million patents and over 200 patent-specific skills. Patlytics also links to a patent data platform run by RPX, and since September 2026 it has offered a plugin for ChatGPT Enterprise.

Progress so far

The growth figures come from the company. In November 2024, Patlytics' annual recurring revenue had grown 20 times in six months. Paul Lee later told Business Insider that revenue grew about tenfold in 2025. More than 40% of the Am Law 100 used Patlytics in April 2026, and 55% by September. Law firm customers include Quinn Emanuel, Latham & Watkins, Foley & Lardner and Susman Godfrey. Rivian, Google, Panasonic, Sanofi and Canon are among its corporate users.

Who backs it

Gradient, Google’s AI-focused fund, led the $4.5 million seed round in April 2024. Myriad Venture Partners led more funding that November. N47, then called Next47, led the $14 million Series A in February 2025. Its general partner Matthew Cowan said Patlytics’ “benchmark of velocity is unmatched.” SignalFire led the $40 million Series B in April 2026, with N47, Myriad, Relativity, Alumni Ventures, Antiportfolio Ventures and BAM Corner Point. Cowan and SignalFire partner Wayne Hu are directors.

How the market is moving

Investors are pouring money into patent AI. According to Law360, IP and patent startups raised more than $600 million in the first half of 2026. Rival Solve Intelligence raised a $40 million Series B in December 2025, Artificial Lawyer reported. Ankar raised $20 million the same month, according to Business Insider. The field is also consolidating. Solve bought Palito.ai and Anaqua bought Patrix in April 2026, and DeepIP bought PatentMaker in June. Harvey’s CEO also told Business Insider that Harvey planned to invest in specialized legal startups, naming patent drafting.

We wrote this summary from public statements by Patlytics and its investors. It is not investment advice.