Tech Company Financing Transactions
IPRally Technologies Funding Round
IPRally Technologies closed a $10.8 million Series A funding round on 3/22/2023. Investors included Icebreaker.vc, Join Capital and Spintop Ventures.
Transaction Overview
Company Name
Announced On
3/22/2023
Transaction Type
Venture Equity
Amount
$10,823,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate business expansion and to develop the product towards a complete one-stop shop for AI-driven patent research and competitive intelligence.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Lapinlahdenkatu 16, Helsinki
Southern, Undisclosed
FI
Southern, Undisclosed
FI
Phone
Undisclosed
Website
Email Address
Overview
Patent industry is one of the most traditional service industries in the world. Foundations of the patent system have been laid in the 19th century and surprisingly little has changed after that. If the system was developed today, what would it look like? Are we just used to do things in a certain way without seeing the big picture and today's possibilities? Feet deep in the foundations of the patent system and eyes taking a fresh look over it, we provide new technology to where it creates maximum impact. We focus on automating tasks that steal resources of both inventors and patent professionals and help them achieve their goals faster. Being able to focus on the essential also means more quality.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sakari Arvela
Chief Technical Officer
Juho Kallio
Co-Founder
Andreas Cehlinder
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Prev: 3/22/2023: Flare Therapeutics venture capital transaction
Next: 3/22/2023: Viz.ai venture capital transaction
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Where The Data Comes From
Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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