What does DeepIP do?
DeepIP offers an innovative AI platform designed specifically for IP attorneys. By integrating third-party models with its proprietary technology, the platform helps streamline the patent drafting process, enabling attorneys to save up to 50% of the time normally required for drafting patent applications.
How much did they raise?
The company raised $15m in a Series A round, led by Resonance, with participation from Headline, Serena Capital, and Balderton Capital.
What are their plans for the money?
With the new funds, DeepIP plans to expand its operations across the U.S. and Europe and evolve its existing productivity assistant toward a more agentic approach. This strategic move is expected to further enhance the platform's intelligence and functionality, potentially transforming how patent practitioners manage their daily tasks.
What have they achieved so far?
DeepIP has already made significant strides by helping draft 8,500 patent applications. Lawyers using the platform have reported a reduction in drafting time by up to 50%, effectively saving about two hours of work per day.
