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DeepIP Analysis: $15M Raised

What is DeepIP?

DeepIP is an AI patent assistant designed specifically for patent professionals. It automates repetitive tasks and enhances the accuracy of patent applications, allowing attorneys to focus on higher-value work. This innovative approach transforms the patent workflow, making it faster and more efficient.
Employees
11-50
Founded
2023
Industry
Legaltech
Latest Funding Amount
$15,000,000
Latest Funding Round Size
$15.0M
Selfserve Signup
Yes

Product Features & Capabilities

  • AI Patentability assessment with prior art analysis
  • Patent drawings generation from technical descriptions
  • AI-assisted drafting for legal precision
  • AI Reviewer for quality control
  • Smart AI prosecution for office action responses.

How much DeepIP raised

Series A - $15.0M

Recent

Other Considerations

ISO 27001 certified; Trusted by Am Law 100 and Fortune 500 teams; Integrates with Microsoft Word for seamless workflow.

Gtm Strategy

DeepIP employs a hybrid go-to-market (GTM) strategy that incorporates elements of both product-led growth (PLG) and sales-led approaches.

Upon analyzing the DeepIP website, several key indicators reveal their GTM strategy. The homepage prominently features a "Request Your Trial" button, allowing potential customers to experience the product firsthand, which is a hallmark of product-led growth. This self-service approach minimizes friction for new users, enabling them to engage with the product directly without needing to schedule a demo or contact sales initially.

The pricing structure is not explicitly detailed on the homepage, but the presence of a trial suggests an intention to allow users to experience value before committing financially. This aligns with PLG principles, as it encourages small teams or individual users to adopt the product independently.

Customer testimonials on the site highlight significant improvements in efficiency, indicating that users have successfully integrated DeepIP into their workflows. This suggests a level of viral adoption, typical of PLG strategies, where initial users can influence broader adoption within their organizations.

Additionally, the website offers educational resources, including case studies and blogs, which support self-service learning. This investment in user education further indicates a PLG approach, as it empowers users to maximize the product's value independently.

However, the presence of structured case studies and testimonials also points to a sales-led component, as these often require more significant engagement and executive buy-in, particularly in enterprise contexts.

Overall, DeepIP's strategy reflects a combination of product-led growth, focusing on user experience and self-service, alongside elements of a sales-led approach, emphasizing customer success and structured engagement for larger clients.

Reported Clients

  1. Barry Schindler - Principal Shareholder and co-chair of the Global Patent Prosecution Group at Greenberg Traurig.
  2. Eric Gruson - Partner and Data & Process Director at Plasseraud IP, with expertise in European patents.
  3. Paolo Ernesto Crippa - Italian Patent Attorney at Jacobacci & Partners.
  4. Tom Tassignon - Head of IP Data & AI at Philips.
  5. Jeff Waters - Recognized leader in U.S. patent prosecution at Cantor Colburn.

Find more companies like DeepIP

US Series A startups

Financial Overview

$15MTotal Raised
Series A$15.0M
Recent
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