Solve Intelligence has raised $40 million in Series B funding, enhancing its position as a leading AI platform in the patent industry.

Information on the Target

Solve Intelligence is an innovative AI platform that is revolutionizing the patent industry, which is valued at over $200 billion. Based in Silicon Valley, California, and London, the company successfully closed a $40 million Series B funding round, bringing its total funding to $55 million just months after securing a $12 million Series A. Since its inception, Solve Intelligence has achieved profitability, generating more cash than it has raised while experiencing a remarkable growth in annual recurring revenue, which has increased by more than tenfold over the past year.

With a user base that includes over 400 intellectual property (IP) teams across six continents, approximately 60% of clients are law firms, including prestigious names such as DLA Piper and Perkins Coie, while the remaining 40% consists of corporate IP departments from companies like Siemens and Avery Dennison.

Industry Overview in the Target’s Specific Country

The patent industry in the United States is characterized by rapid innovation and constant evolution, driven largely by advancements in technology and a growing emphasis on intel