Legal Tech Startup Ankar raises Twenty Million Dollars for IP Automation
The Series A funding will support the development of an operating system for patent drafting and prosecution.
Series A Led by Atomico
Ankar, a London-based startup founded by former Palantir engineers, raised $20 million in a Series A funding round on Wednesday. The round was led by Atomico, with participation from Index Ventures. Ankar is developing an "operating system for innovation," utilizing artificial intelligence to automate the complex lifecycle of intellectual property (IP) and patent management.
Automating the Patent Lifecycle
The platform leverages large language models to handle tasks ranging from novelty assessment and claim drafting to prosecution and portfolio management. By automating these highly structured, text-heavy processes, Ankar aims to reduce the time and …
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