30% lower IP costs drive Madrid-based iPNOTE’s €857k funding to scale its AI-powered legal platform
Madrid-based LegalTech platform iPNOTE has secured €857,000 in seed funding to scale its AI-powered intellectual property (IP) management platform across Europe, the UK, and the US. This investment highlights the growing momentum in European LegalTech, with a specific focus on AI-driven solutions. The funding round, led by AltaIR Capital, will support iPNOTE’s expansion and further development of its AI agent. iPNOTE, founded by Alex Levkin, aims to simplify the complexities of global IP protection. The platform uses AI to automate the interactions with IP attorneys. The company focuses on the automation of IP processes, including the creation, protection, and maintenance of IP rights, to save businesses time and resources. This funding aligns with a broader trend of increased investment in European LegalTech, particularly in AI. Other startups such as Pandektes, Augmetec, Lexroom, Legora, and Saga have secured significant funding to automate and streamline various legal processes. This trend signifies a shift towards digital transformation within the legal sector. The high volume of IP filings in Europe, with approximately 3.3 million applications in 2023, underscores the importance of efficient IP management. iPNOTE's approach addresses the challenges of fragmented, manual processes, and high operational costs associated with global IP protection.
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