DeepIP, a Franco-American startup specializing in AI applied to intellectual property, has just raised $15 million in a Series A round. This funding round, led by Resonance, Otium Capital's fund dedicated to startups, also included Headline, Serena Capital, and Balderton Capital. With this investment, DeepIP aims to accelerate its expansion in the United States and Europe while enhancing the features of its AI dedicated to patent professionals.
Founded in 2024 by François-Xavier Leduc and Edouard d’Archimbaud, the startup benefits from the expertise of its co-founders, who are also behind the scale-up Kili Technology, specializing in data annotation for AI. While Kili Technology remains an independent entity, DeepIP follows a complementary trajectory by applying AI to modernize patent filing. The global intellectual property legal services market, estimated at $42 billion per year, offers it a significant opportunity, with an immediately addressable market of $1.3 billion.
Facing an explosion in patent demand, DeepIP relies on AI and GenAI to modernize a process that has scarcely evolved since the 1990s. By leveraging a hybrid team of AI engineers and intellectual property experts, the startup has developed technology combining third-party models, proprietary algorithms, and exclusive data to improve patent quality while reducing the risk of errors.
One of the major advantages of this tool lies in its native integration with Microsoft Word, a strategic choice that facilitates its adoption within firms. DeepIP applies rigorous standards compliant with GDPR and SOC 2 Type II and ISO 27001 certifications, ensuring strict separation of client data and total confidentiality of processed information.
By analyzing previous patent applications, its AI learns and reproduces the drafting patterns specific to each practitioner and their clients. This adaptability not only guarantees essential stylistic consistency and terminological precision but also optimizes the work of professionals, for whom every formulation can have a decisive legal impact. According to DeepIP, its assistant could reduce patent drafting time by up to 50%, saving around two hours daily for lawyers and sector experts.
Already adopted for drafting 8,500 patent applications, DeepIP's solution is quickly becoming a reference tool, akin to the rise of other AI solutions applied to law, such as Harvey. In just seven months, the startup has reached a seven-figure ARR, demonstrating the growing interest in this innovation. However, DeepIP insists: its goal is not to replace these experts but to facilitate their work.
As Jonathan Userovici, General Partner at Headline, highlights:
"AI does not replace entire professions; it integrates into specific tasks, making knowledge-based work faster and more efficient. DeepIP is the perfect example: it allows IP practitioners to move faster and be more efficient. It is a B2B product, but patent lawyers find so much value in it that they have told us they would purchase it personally if their company did not. Patent filing is essential for scientific advancement, and DeepIP is building the missing piece."
To better understand
What is the role of generative AI in transforming the intellectual property sector, and how does it compare to other applications worldwide?
Generative AI is used to modernize patent filing processes by automating and improving the precision and consistency of legal language. Compared to other sectors, AI in IP enables significant time savings and reduces the risk of errors, which is crucial for protecting technological innovations in a global market.