PatSnap builds an AI-powered search and analytics platform for patent and innovation data. Founded in 2007, the company connects R&D and IP teams with insights drawn from billions of patent and innovation data points, supporting decisions across the innovation lifecycle from concept to commercialisation. The platform is used by more than 15,000 companies worldwide, serving verticals including life sciences, high-tech, legal firms and in-house R&D and intellectual property groups.
The engineering work spans AI-powered search, innovation analytics, and domain-specific large language models. Hiro, a large language model trained on PatSnap's proprietary innovation data, is reported to boost IP productivity by 75% and reduce R&D waste by 25%. The wider product suite includes the PatSnap Platform, Analytics for innovation and IP decision-making, Synapse for collaboration and innovation workflows, and the Bio and Chemical products for bioinformatics and chemical informatics work respectively.
The company's team combines innovators, engineers and IP specialists. PatSnap was founded to solve a problem the team encountered firsthand, with a focus on helping customers collaborate, protect IP portfolios and bring products to market faster. Its customers are spread worldwide.
