Helsinki-based IPRally Technologies, a provider of AI-powered patent search and classification, announced that it has secured €10M in a Series A round of funding.
The round was led by Endeit Capital with participation from existing investors Join Capital, Spintop Ventures, and Icebreaker.vc.
IPRally says it will use the funds to accelerate its expansion and develop its product toward a complete one-stop shop for AI-driven patent research and competitive intelligence.
Founded in 2018 by Sakari Arvela and Juho Kallio, IPRally Technologies‘ goal is to make technical information accessible, understandable, and actionable.
The Finnish company allows Intellectual Property and R&D professionals to find, analyze and classify patent information much more efficiently by using proprietary AI.
IPRally’s proprietary Graph Neural Network technology allows technical and semantic understanding of the global patent data, making searches less dependent on exact keywords and technical expertise.
The platform is utilized by technology corporations, patent law firms, academic institutions, and public patent offices.
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