SoftBank and Tencent invest USD 300 million into Singaporean IP management software
PatSnap counts Dyson, Spotify, Tesla, and Oxford University Innovation as its clients.
The company provides IP management software for global brands, universities, and research institutes. Clients typically need to look through a lot of information such as patents and legal documents, collecting research and journals from different formats. They might need to hire a consulting firm to make sense of all of the data. PatSnap aggregates this information globally, co-founder Guan Dian told KrASIA.
“Innovation intelligence has a high barrier of entry, it took us two years to build capabilities with our data that gives us a competitive advantage before we expanded globally,” Dian said. Many of SoftBank’s and Tencent’s portfolio companies are clients. SoftBank is also helping PatSnap to expand into Japan.
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