IPRally raises €2.0 million to build the patent search engine 2.0
We are beyond excited to announce our continued investment in IPRally alongside the co-leading investors JOIN Capital and Spintop Ventures!
IPRally was founded in 2018 when Sakari Arvela, CEO and co-founder, was working as a European Patent Attorney by trade and saw the need for a better way to handle the patent process. He partnered with Juho Kallio, an experienced software developer to found IPRally to address these unanswered questions. IPRally’s unique technology 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 while saving huge amounts of time, and helping to discover patents not possible to find through regular keyword searches.
“We are tackling a huge but super interesting problem that affects the everyday lives of patent and R&D professionals. Seeing the speed and quality improvements in our customers’ work — and making patent searching a bit more fun — is very rewarding.” He also welcomes the new investors on board with excitement: “Join and Spintop share our vision of technology transforming this rather traditional business and have excellent experience on SaaS companies as well as an understanding of the importance of IPRs”, commented Sakari Arvela, CEO and Co-Founder of IPRally.
With their newly added funds, IPRally will support product development and Artificial Intelligence capabilities, especially around its patent-pending core graph technology. The funding will also boost hiring in order to keep up with the rapid increase in customer backlog from Europe and North America.
Huge congratulations team IPRally for achieving this important milestone!
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Related articles:
TechCrunch — IPRally is building a knowledge graph-based search engine for patents
IPRally — Press release: IPRally raises €2.0 million to build the patent search engine 2.0
Originally published at https://www.icebreaker.vc on January 7, 2021.
