Ankar lands $20M Series A to reinvent how Innovation becomes defensible IP

Ankar, an IP patent platform, has secured a $20 million Series A funding round led by Atomico, with Index Ventures doubling down, and participation from Norrsken VC and Daphni. This brings the company's total funding to $24 million. The platform focuses on using AI to streamline the patent lifecycle, addressing inefficiencies in traditional patent processes and enabling faster innovation cycles. The platform offers an operating system that unifies the entire patent lifecycle into a single, secure workflow, leveraging AI for analysis and synthesis. This includes analyzing novelty, drafting claims, and evaluating prior art. Ankar aims to boost productivity by an average of 40% and shift hundreds of hours to high-value work. Ankar’s solution directly addresses the challenges faced by patent teams in managing innovation and intellectual property. The platform helps them extract value from complex data environments. By streamlining processes, Ankar facilitates faster patent application times and enables companies to more effectively turn innovation into defensible assets. The founders, drawing on their experience at Palantir and in defencetech, recognized the need for improved IP tooling. Ankar's development comes as IP increasingly underpins long-term competitiveness in a market where a majority of company value is intangible.