Swedish deep tech startup secures €3 8M to streamline AI systems arcticstartup.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arcticstartup.com Daily Mail and Mail on Sunday newspapers.
The round was co-led by Join Capital and Spintop Ventures, with participation from previous investor Icebreaker.vc.
“I have filed over 20 patents myself, so I have first-hand experience of the inefficiencies in the patent system. The IPRally AI-based approach is the way to go, disrupting an industry that hasn’t changed much for the past 100 years,” said Sami Niemi, partner at Spintop Ventures.
IPRally says it enables Intellectual Property professionals as well as R&D engineers to intuitively build search queries in minutes allowing very precise searches of similar existing patents saving huge amounts of time, and helping to discover patents not possible to find through regular keyword searches. Moreover, IPRally’s unique Graph Neural Network technology allows for machine reasoning of the search results, shifting the paradigm from black-box AI solutions to explainable AI solutions.