Patsnap, Inc.
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Patsnap, Inc. - overview
Established
2007
Location
Singapore, -, Singapore
Primary Industry
Business Support Services
About
Founded in 2007, and based in Singapore, Patsnap, Inc. provides patent search, patent insights, and intellectual property services, for researchers, and corporations. The company was founded by its CEO Jeffrey Tiong. PatSnap provides companies and international brands with a research and development intelligence and intellectual property intelligence platform that employ machine learning, computer vision, and natural language processing to offer insights and analytical overviews of their intellectual property portfolios.
The company’s platform and its research and development experts offer guidance in developing their client’s patent from inception to commercialization by assessing the risk in their intellectual property portfolios and offering insights to aid in decisions regarding their research and development processes. The company's product portfolio includes a research and development intelligence platform; an intellectual property Intelligence platform; a sequence searching platform for biomolecules called PatSnap Bio; a research and development platform for the chemical sector called PatSnap chemical, and a Synapse platform for life sciences professionals. It also provides a range of business solutions such as intellectual property data as a service, investor solutions that help with technology investment decisions, and strategy and business solutions. The company’s client base includes Dyson, Spotify, Oxford University Innovation, and The Dow Chemical Company.
Current Investors
Sequoia, Vertex Ventures Southeast Asia & India, Shunwei Capital
Primary Industry
Business Support Services
Sub Industries
Intellectual Property, Consulting Services, Analytics & Performance Software, Application Integration Software, Information Services
Website
www.patsnap.com/
Verticals
Artificial Intelligence, Research (Non-Medical)
Company Stage
Series E
Total Amount Raised
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Patsnap, Inc. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 648,734 | 7,730,217 | 13,341,821 | 20,751,047 | 24,758,184 | 24,295,096 | - | - | - |
| % Revenue Growth (YoY) | - | 1091.6% | 72.6% | 55.5% | 19.3% | (1.9%) | - | - | - |
| EBITDA (USD) | (634,787) | (45,567) | (6,683,232) | (3,912,057) | 1,311,573 | 3,120,109 | - | - | - |
| Operating Income (USD) | (658,135) | (89,501) | (6,860,747) | (4,232,853) | 183,475 | 2,778,703 | - | - | - |
| Operating Margin | (101.4%) | (1.2%) | (51.4%) | (20.4%) | 0.7% | 11.4% | - | - | - |
| % EBITDA Margin | (97.9%) | (0.6%) | (50.1%) | (18.9%) | 5.3% | 12.8% | - | - | - |
| NET Income (USD) | (655,141) | (89,501) | (6,860,747) | (4,211,424) | 183,014 | 2,778,703 | - | - | - |
| % Net Margin | (101.0%) | (1.2%) | (51.4%) | (20.3%) | 0.7% | 11.4% | - | - | - |
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