Latest news with #DeepIP
Yahoo
30-03-2025
- Business
- Yahoo
DeepIP has developed an AI assistant for drafting patents. Check out the pitch deck it used to raise $15 million.
DeepIP has secured a $15 million Series A investment to modernize patent drafting with AI. The startup's AI assistant summarizes large documents and helps attorneys draft patents faster. Check out the 17-slide pitch deck used to secure the fresh funding. A startup that has developed an AI assistant to help draft patents has just secured a $15 million Series A. Paris and New York-based DeepIP wants to modernize and simplify the process of filing patents — which can be notoriously lengthy in the US — for attorneys and professionals. "Patents are the foundation of capitalism. Without patents, companies can't invest in research and development," François-Xavier Leduc, the cofounder and CEO of DeepIP, told Business Insider in an interview. The startup says its platform can summarize large documents, simplify complex jargon, highlight novel aspects of the innovation, and spot any omissions in the patent draft. It also helps users draft patent claims by suggesting alternative ways to structure their arguments. Leduc said DeepIP's AI assistant is designed to work alongside a human patent practitioner rather than replace them. "When you start developing an invention, you have to understand the entire space to make sure it's novel. Before, all this work was extremely limited due to human capabilities," Leduc said. "AI allows us to fully understand at scale, the entire space, helping companies to identify how to position their inventions, and make sure it's novel." The startup also says it regularly tests and validates its AI models to ensure there are as few hallucinations as possible. Investor appetite for legal technology is high, with upstarts such as Harvey raking in $300 million in funding last month at a $3 billion valuation. DeepIP says its platform is gaining traction among corporations, as well as law firms such as Schwegman Lundberg Woessner, and has already helped draft 8,500 patent applications. DeepIP's Series A was led by VC fund Resonance, with participation from Headline, Serena Capital, and Balderton. With the fresh funding, DeepIP plans to continue growing its product teams. Check out the 18-slide pitch deck used to secure the fresh funding. Read the original article on Business Insider
Associated Press
21-02-2025
- Business
- Associated Press
DeepIP announces New AI-Powered Office Actions Module
DeepIP unveils its groundbreaking AI Office Action Module, designed to transform the traditional, labor-intensive process of responding to office actions. NEW YORK, NY, UNITED STATES, February 21, 2025 / / -- Today marks a significant milestone for patent practitioners as DeepIP unveils its groundbreaking AI Office Action Module, designed to transform the traditional, labor-intensive process of responding to USPTO office actions. Building on the foundation of our trusted AI solutions, this module is not merely an upgrade but a complete overhaul—providing patent attorneys with a smarter, faster, and more intuitive tool to enhance their practice. How It Works: This innovative module integrates seamlessly into DeepIP's existing platform. Users can access the features directly within their workflow, enabling them to manage office actions effectively without disrupting their routine. The AI's capabilities extend beyond simple automation, providing strategic insights that help attorneys prioritize their responses and refine their arguments. Key Benefits: 1. Intelligent Rejection Analysis: instant insight into the validity of rejections to focus your efforts effectively. 2. Efficient Reference Verification: quickly access necessary documentation without extensive manual searching. 3. Smart AI Drafting Assistance: develop compelling and compliant responses efficiently. Client Testimonials: Early adopters of the new Office Action Module have reported significant improvements in their workflow, with one prominent IP attorney stating, 'DeepIP's new module has not only sped up our response times but also enhanced the quality of our submissions. It's like having a seasoned colleague who's always available to point out the best approach.' General Availability: The Office Action Module is available now for all DeepIP users. Patent practitioners interested in experiencing the future of patent prosecution are invited to request a trial. For additional details on how DeepIP can revolutionize your patent practice, visit our website at About DeepIP: DeepIP leads the IP industry with innovative patent drafting and prosecution solutions. By integrating advanced AI into patent practitioners' workflow, DeepIP enhances quality and saves hours of work, reducing team pressure and improving retention. Our commitment is steadfast: to empower IP professionals with technology that elevates their practice to new heights. Exclusive Webinar Presentation: Join us for an exclusive live webinar on February 25th at 12 P.M. (ET), where we will showcase the capabilities of the new Office Action Module. This event offers attendees the first look at how the module works in real time, highlighting its seamless integration and powerful features. For media inquiries, please contact: Thomas Chazot: [email protected] Thomas Chazot DeepIP +33 7 78 88 17 31 LinkedIn Legal Disclaimer:
