Cognition IP

Cognition IP provides specialized intellectual property services, focusing on patent and trademark applications. The company aims to streamline the IP process for its clients through advanced technology and a flat-fee pricing model. Cognition IP, founded in 2018 in San Francisco, US, offers intellectual property services including patent and trademark applications. The company was co-founded by Andrew Tjang and Bryant Lee.

In July 2019, Cognition IP secured USD 2. 8 mn in Seed funding led by Khosla Ventures, with participation from Basis Set Ventures and Mayfield Fund, raising the total amount to USD 2. 8 mn. The company has completed 2 deals to date, with the most recent deal dated July 31, 2019.

Cognition IP specializes in comprehensive intellectual property (IP) services, primarily focusing on patent and trademark applications. Their core offerings include the preparation, filing, prosecution, and management of provisional and non-provisional patent applications, as well as trademark registrations. The company employs advanced technology and analytics to enhance the efficiency and effectiveness of the IP process, aiming to reduce time and costs associated with building IP portfolios for fast-growing companies. Cognition IP serves a diverse client base that includes startups and scale-ups across various industries such as healthcare, technology, artificial intelligence, and consumer electronics.

Their services are designed to meet the specific needs of clients in North America, Europe, and Asia, facilitating the protection of innovations and brand assets in competitive markets. Cognition IP generates revenue through a transparent and predictable flat-fee pricing model that allows clients to budget effectively for their IP services. The company engages in direct transactions with clients, providing services on a fixed-fee basis, which eliminates unexpected legal costs associated with hourly billing practices common in the industry. Clients typically initiate a partnership with Cognition IP by scheduling a complimentary consultation, leading to tailored service agreements that may include multiple services to maximize their IP strategy.

The structured pricing includes fees for various services such as provisional patent applications and trademark filings, ensuring clarity in client engagements. This model supports steady revenue while fostering long-term relationships with clients in need of reliable IP management solutions. In July 2019, Cognition IP raised USD 2. 8 mn in Seed funding, which will be utilized for enhancing their technology platform and expanding service offerings.

The company plans to enter new markets in Europe and Asia by 2023, aiming to serve a broader range of clients seeking efficient IP management solutions. Upcoming product launches include advanced analytics tools designed to further streamline the IP application process, expected to be introduced in late 2023.