Singapore-based Patsnap, founded in 2007, has expanded its suite of AI products with the launch of CoPilot, its new AI assistant.
Originally created to help IP and R&D professionals enhance efficiency, Patsnap’s first product was a global patent search database. CoPilot aims to accelerate IP and R&D workflows by enabling quicker searches of patent and non-patent literature. With a team of over 50 engineers dedicated to AI capabilities, Patsnap has invested millions in developing CoPilot, designed to reduce friction in the innovation process for its customers.
Enhancing IP and R&D Workflows
Patsnap’s CoPilot is integrated into its AI products, offering features such as automatic summaries of patent claims, technology insights, links to company patents, and problem-specific answers. It allows professionals to stay updated on rapidly changing sectors, provides content analysis for strategic patents and research, extracts key details from patents and literature, and ensures AI security by keeping customer data within Patsnap’s firewall. CoPilot’s proprietary large language model (LLM) is trained on diverse data sources, including patents, academic papers, technical reports, and recent company news.
Advanced Learning Model and Security Features
CoPilot’s LLM undergoes three stages of learning: pre-train, post pre-train, and self-training fine-tuning, ensuring specialized accuracy in patent and non-patent data. The model incorporates retrieval-augmented generation, distinguishing itself from GPT3.5 by offering better in-depth analysis capabilities with reduced likelihood of hallucinating answers. Patsnap’s commitment to security ensures that customer data remains within its firewall, preventing the need to transmit data to external networks. The AI assistant addresses the specific needs of IP and R&D teams, contributing to a smoother and more efficient innovation process.
Patsnap’s Growth and Funding
Patsnap has secured $350 million in funding from investors like SoftBank and Tencent. With over 1,200 employees and more than 12,000 customers across various industries, including life sciences, automotive, consumer goods, technology, manufacturing, engineering, and legal, Patsnap continues to play a pivotal role in advancing innovation and intellectual property management.