Matilda Morris Patsnap, established in 2007 with the aim of enhancing the efficiency of Intellectual Property (IP) and Research and Development (R&D) professionals, initially launched its flagship product, a comprehensive global patent search database. Now, the Singapore-based company is expanding its array of AI-driven solutions with the introduction of its latest innovation, the AI assistant known as CoPilot.
Enhancing IP and R&D Workflows
CoPilot facilitates faster searches within both patent and non-patent literature, thereby streamlining IP and R&D workflows throughout Patsnap’s product ecosystem. By leveraging its proprietary Link-Launch-Match (LLM) technology, CoPilot not only expedites searches but also ensures thoroughness by providing references from various sources, including journals and patents.
Commitment to AI Development
With a substantial investment totaling millions of dollars and a dedicated team of more than 50 engineers focused on advancing its AI capabilities, Patsnap is committed to revolutionizing the innovation process. CEO and co-founder Jeffrey Tiong emphasizes the company’s mission to eliminate friction for customers within IP and R&D domains, enabling seamless collaboration and decision-making.
Empowering IP Analysts and Attorneys
For IP analysts and attorneys tasked with conducting prior art and freedom to operate searches, Patsnap’s suite of products offers invaluable support. By aggregating vast datasets, such as the 180 million patents and 130 million literature pieces across 170 jurisdictions included in its Analytics product, Patsnap empowers teams to analyze markets and safeguard inventions efficiently.
The Role of CoPilot
CoPilot serves as a complementary addition to Patsnap’s AI offerings, allowing IP and R&D teams to access information rapidly within patents, non-patent literature, and technical news. Its capabilities extend to providing automatic summaries of patent claims, facilitating technology exploration, and retrieving relevant information on specific topics, such as battery energy density improvement.
Key Benefits Provided by CoPilot
CoPilot offers several advantages to R&D and IP teams, including:
- Staying Updated: By keeping abreast of rapidly evolving sectors, CoPilot enables teams to remain informed about industry developments.
- Content Analysis: Through detailed content analysis, CoPilot assists in shaping strategic patents and research initiatives.
- Information Extraction: CoPilot extracts essential details from patents and literature, aiding in efficient data interpretation.
- AI Security: With its proprietary LLM model trained on diverse datasets, CoPilot ensures data security by operating within Patsnap’s firewall, thereby safeguarding customer information.
Advanced Training Methodology
Patsnap’s LLM undergoes comprehensive training stages, including pre-train, post pre-train, and self-training fine-tuning, enabling it to achieve specialized accuracy in analyzing patent and non-patent data. Coupled with retrieval-augmented generation techniques, CoPilot’s model offers enhanced analytical capabilities while minimizing the risk of generating erroneous responses.
Investor Backing and Client Base
Backed by prominent investors such as SoftBank and Tencent, Patsnap has secured $350 million in funding to date. With a workforce exceeding 1,200 employees and a clientele spanning diverse sectors, including life sciences, automotive, consumer goods, technology, manufacturing, engineering, and legal, Patsnap remains a leader in the field of IP analysis and innovation facilitation.
