PatSnap, a leader in Innovation Intelligence, has raised $300 million in Series E funding.
The investment round was led by SoftBank Vision Fund 2 and Tencent Investment with participation from CPE Industrial Fund and existing investors Sequoia China, Shun Wei Capital, and Vertex Ventures.
PatSnap plans to use the funds to advance its innovation intelligence platform, accelerate product development, and acquire additional domain expertise in the industry sectors where its technology is used by research and development (R&D) and intellectual property (IP) teams.
The funds will also enable PatSnap to expand its sales presence around the world and invest in the growth and professional development of its employees to ensure the company is well positioned to address the complex needs of its customers.
PatSnap’s clients include Dyson, Spotify, Oxford University Innovation, and The Dow Chemical Company.
