{"data":{"type":"company_profile","id":55726,"entity_id":"wefunder:company:55726","attributes":{"canonical_url":"https://wefunder.com/inventr","generated_at":"2026-06-16T18:30:24Z","updated_at":"2026-06-16T05:02:22Z","entity_ids":{"company":"wefunder:company:55726","slug":"wefunder:company_slug:inventr"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-16T18:30:24Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-16T05:02:22Z","as_of":"2026-06-16T18:30:24Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-16T05:02:22Z","as_of":"2026-06-16T18:30:24Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-03-11T15:18:26Z","as_of":"2026-06-16T18:30:24Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-03-11T15:18:26Z","as_of":"2026-06-16T18:30:24Z","confidence":"medium"}}},"company":{"id":55726,"entity_id":"wefunder:company:55726","slug":"inventr","name":"Inventr","tagline":"We help deep tech companies automate the patent process.","elevator_pitch":"We help deep tech companies automate the patent process - from the starting idea all the way to the patent application.","story":"Deep tech companies are tackling incredibly hard problems, from cancer to climate change. But securing patents is slow and expensive.These companies spend years developing their solutions and rely heavily on patents to secure their innovative work and bring value to their company. In fact, patents can hold up to 80% of a deep tech company's value.We talked to lots of early stage deep tech companies, and we learned that they're leaving ideas on the table because it takes too long for them to research whether an idea can be patented or not. Inventr is an automated patent assistant for early stage deep tech companies.Inventr helps early-stage deep tech companies automate the patent process - from the second they come up with ideas all the way to the patent application.How it worksWe help companies document and manage their ideas, automate research around patent protection, and move through the patent process. We take weeks of work and use A.I. to turn it into minutes of automation.Inventr\u0026nbsp;is built to integrate seamlessly into a company’s existing workflow of R\u0026amp;D and communication with patent counsel.TeamThe founding team includes CEO Manu, with experience in deep tech research, building medical devices, life sciences VC, and more. Steven H. was a patent attorney before becoming a software developer. He previously worked at Google and built an Amazon Echo app presented at the official Amazon Echo launch event. Steven T. has been a software developer for 20+ years and built an NLP recommendation system to deliver tailored content to users.We have 30+\u0026nbsp;LOIs \u0026amp; are being used by\u0026nbsp;the U.S. Patent \u0026amp; Trademark OfficeOur previous product helped 70+ startups through the later stages of the patent process. This new, expanded product streamlines the entire process from ideation to filing.We’ve gotten 30+ LOIs worth nearly $500K ARR (annual recurring revenue)\u0026nbsp;from companies funded by top tier investors such as Y Combinator, DCVC, StartX, Techstars, and more. And we are also being used by the U.S. Patent \u0026amp; Trademark Office as part of the Patent Pro Bono Program in St. Louis (covering five Midwest states).Inventr was also recently accepted into Newlab,\u0026nbsp;a deep tech community of 150+ companies building everything from\u0026nbsp;rockets\u0026nbsp;to electric motorcycles.A $45B opportunity\u0026nbsp;We are pursuing\u0026nbsp;a $45B opportunity around IP, and we're starting with early stage deep tech companies.Business model Companies can use Inventr by signing up for a monthly subscription, giving them company wide access to a collaborative process to document and manage ideas.Through partnerships with incubators and accelerators, we can rapidly\u0026nbsp;scale up customer acquisition.What's nextWe're starting with early stage deep tech companies, but there are millions of patents filed every year by companies of all sizes.Long-term, we want to re-invent intellectual property. The patent system is 200+ years old and doesn't reflect the pace of innovation today. We believe that the future holds a new model of innovation - one built on transparency and collaboration.Join us as we change how the world thinks about intellectual property. Together, we can bring the most incredible innovations to life.","location":"New York, NY","website":"https://inventr.co","total_amount_raised":86542,"total_investors":161,"is_funded":true,"is_active":true,"quality_score":4,"related_urls":["https://wefunder.com/inventr","https://inventr.co"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/55726/xxl_cropped_image.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/55726/large_cropped_bolder_version_LOGO_ONLY_all_black.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/55726/standard_cropped_image.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/55726/standard_cropped_image.jpg","profile_video_url":"https://wefunder.wistia.com/medias/f67zoat6kj"},"links":{"company_url":"https://inventr.co","twitter_url":"http://twitter.com/WeAreInventr"},"highlights":[{"id":62736,"name":"notable_angel","url":"notableangel","presentable_name":"Notable Angel","description":"Raised $25k or more from a notable angel investor","image_url":"https://uploads.wefunder.com/2021/profile-highlights-check.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"We've gotten 30+ LOIs from companies funded by Y Combinator, DCVC, StartX, Techstars, and more."},{"index":2,"claim_id":"claim-fact-2","value":"The United States Patent and Trademark Office uses Inventr as part of the Patent Pro Bono Program."},{"index":3,"claim_id":"claim-fact-3","value":"Recent investors: XX, Daniel Ha (Disqus), Nish (Color Genomics), John W. (Lucira Health)"},{"index":4,"claim_id":"claim-fact-4","value":"Founding team of experts in deep tech, patents, \u0026amp; NLP. Worked in companies such as Google \u0026amp; Amazon."},{"index":5,"claim_id":"claim-fact-5","value":"A $45B opportunity around IP, and we're starting with the untapped market of early stage deep tech."}],"team":[{"id":884001,"entity_id":"wefunder:company_role:884001","user_entity_id":"wefunder:user:704115","role":"founder","name":"Manu Stephen","title":"Co-founder \u0026 CEO","bio":"Worked in deep tech research developing medical devices, including the world's first dissolvable brain sensor, which was published in Nature and featured on CBS, CNN, and more.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/884001/square_cropped_black_and_white.jpg?1680893485","profile_url":"https://wefunder.com/manustephen","linkedin_url":"https://www.linkedin.com/in/manustephen","related_urls":["https://wefunder.com/manustephen"]},{"id":1028008,"entity_id":"wefunder:company_role:1028008","user_entity_id":"wefunder:user:962313","role":"founder","name":"Steven H","title":"Co-founder and Head of Frontend","bio":"Former patent attorney turned software developer at companies like Google. Built a Q\u0026amp;A voting system to facilitate live interviews with President Obama, Benjamin Netanyahu and Bono.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1028008/square_cropped_image__1_.jpg?1595698129","profile_url":"https://wefunder.com/steven.h","related_urls":["https://wefunder.com/steven.h"]},{"id":1028009,"entity_id":"wefunder:company_role:1028009","user_entity_id":"wefunder:user:958289","role":"founder","name":"Steven Trojanowski","title":"Co-founder and Head of Backend/ML","bio":"20+ years in software development; built an NLP recommendation engine that allowed users to receive tailored content","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1028009/square_cropped_image__2_.jpg?1595619105","profile_url":"https://wefunder.com/steven.trojanowski","related_urls":["https://wefunder.com/steven.trojanowski"]}],"featured_investors":[{"id":5053,"entity_id":"wefunder:company_investor_profile:5053","investor_profile_id":206173,"investor_profile_entity_id":"wefunder:investor_profile:206173","subject_entity_id":"wefunder:user:185831","name":"Daniel Ha","bio":"Founded and built Disqus as product guy, ran it as CEO, sold it a bunch of years later as an entrepreneur.","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/185831/medium_cropped_103F6934-789C-4C88-BFBE-BCFD758E21FB.jpg","profile_url":"https://wefunder.com/danielha2","endorsement_quote":"Manu and his team are on a mission to democratize the patent system. By using technology like machine learning, they’re going to help innovative companies navigate the chaotic patent process — ultimately so the system works for them, not against them. It’s a huge, ambitious vision and it’s one of the reasons why I'm investing in Inventr. We are at a time in which the world is working faster than ever to find solutions to deeply difficult problems. Thousands of new startups are at a disadvantage against deep pocketed incumbents who are only too happy to maintain a calmer pace. I think Inventr is going to help these startups stay on equal footing. The other reason I invested is because I believe in Manu and his customer-focused approach to solving real problems. The Inventr team deeply understands the problems that R\u0026amp;D teams face. If they do what they’ve set out to do, Inventr is positioned to be a major force in fixing the patent system and let us get back to solving those real problems.","investment_total":5000,"investment_info":"Invested $5,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/danielha2"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":29,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":36279,"entity_id":"wefunder:fundraise:36279","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2020-07-22T18:46:40Z","funding_closed_at":"2020-12-02T05:01:38Z","auto_close_at":"2020-12-02T04:59:59Z"}],"latest_fundraise":{"id":36279,"entity_id":"wefunder:fundraise:36279","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2020-07-22T18:46:40Z","funding_closed_at":"2020-12-02T05:01:38Z","terms":{"eb":null,"nb":"$7M","txt":"valuation cap"}},"recent_posts":[],"q_and_a":[{"id":100490,"entity_id":"wefunder:comment:100490","question":"What are your revenue goals for the next 5 years?","author_name":"Leonardo Lee","votes":2,"created_at":"2020-08-03T22:57:42Z","canonical_url":"https://wefunder.com/inventr#question-100490","answers":[{"id":101945,"entity_id":"wefunder:comment:101945","answer":"Hi Leonardo, Our focus is to establish our initial market with early stage deep tech companies and begin expanding to larger enterprises. We believe that the time frame for this is within 5 years. With this focus, we aim to achieve $100M ARR by year 5.","author_name":"Manu Stephen","votes":1,"created_at":"2020-08-12T15:36:16Z"}]},{"id":302671,"entity_id":"wefunder:comment:302671","question":"Awesome start-up company","author_name":"George Simons","votes":1,"created_at":"2025-02-20T18:48:47Z","canonical_url":"https://wefunder.com/inventr#question-302671","answers":[]},{"id":288881,"entity_id":"wefunder:comment:288881","question":"Will Inventr have another Crowdfunding campaign round again in the future?????","author_name":"George Simons","votes":1,"created_at":"2024-07-26T04:59:39Z","canonical_url":"https://wefunder.com/inventr#question-288881","answers":[]},{"id":242187,"entity_id":"wefunder:comment:242187","question":"Will Inventr have another Crowdfunding campaign round again in the future??","author_name":"George Simons","votes":1,"created_at":"2023-04-08T14:01:09Z","canonical_url":"https://wefunder.com/inventr#question-242187","answers":[]},{"id":232100,"entity_id":"wefunder:comment:232100","question":"Wowsers","author_name":"George Simons","votes":1,"created_at":"2023-01-24T18:32:08Z","canonical_url":"https://wefunder.com/inventr#question-232100","answers":[]},{"id":232099,"entity_id":"wefunder:comment:232099","question":"This start-up company is a game changer indeed","author_name":"George Simons","votes":1,"created_at":"2023-01-24T18:31:53Z","canonical_url":"https://wefunder.com/inventr#question-232099","answers":[]},{"id":193360,"entity_id":"wefunder:comment:193360","question":"Happy New Year Manu! How are you and how is Inventr progressing? Will you be sharing an investor update soon? Looks forward to hearing back from you soon. Sincerely, Baljit","author_name":"Baljit Singh","votes":1,"created_at":"2022-02-20T09:25:38Z","canonical_url":"https://wefunder.com/inventr#question-193360","answers":[]},{"id":165501,"entity_id":"wefunder:comment:165501","question":"Just wondering if there are any updates?","author_name":"Camille Hardman","votes":1,"created_at":"2021-08-24T18:41:03Z","canonical_url":"https://wefunder.com/inventr#question-165501","answers":[]},{"id":322205,"entity_id":"wefunder:comment:322205","question":"Hi Manu, Any updates you can share on Stage Zero?","author_name":"John Butterfield","votes":0,"created_at":"2026-01-02T15:17:55Z","canonical_url":"https://wefunder.com/inventr#question-322205","answers":[]},{"id":152461,"entity_id":"wefunder:comment:152461","question":"Any updates?","author_name":"Mario M Teel Jr.","votes":0,"created_at":"2021-06-03T19:09:23Z","canonical_url":"https://wefunder.com/inventr#question-152461","answers":[]},{"id":152419,"entity_id":"wefunder:comment:152419","question":"Noticed that your cofounder is listed on Linkedin as #opentowork. How is business going? What's the story with him leaving?","author_name":"John Butterfield","votes":0,"created_at":"2021-06-03T14:50:06Z","canonical_url":"https://wefunder.com/inventr#question-152419","answers":[]},{"id":150023,"entity_id":"wefunder:comment:150023","question":"Any new updates","author_name":"Larry Yonish","votes":0,"created_at":"2021-05-21T11:23:49Z","canonical_url":"https://wefunder.com/inventr#question-150023","answers":[]},{"id":116534,"entity_id":"wefunder:comment:116534","question":"Do you intend to pay a dividend (post-SAFE conversion)?","author_name":"Craig J. Vom Lehn","votes":0,"created_at":"2020-11-30T13:47:54Z","canonical_url":"https://wefunder.com/inventr#question-116534","answers":[]},{"id":116334,"entity_id":"wefunder:comment:116334","question":"Does your software itself have any patent?","author_name":"Joseph V. Mani","votes":0,"created_at":"2020-11-28T23:25:46Z","canonical_url":"https://wefunder.com/inventr#question-116334","answers":[]},{"id":113990,"entity_id":"wefunder:comment:113990","question":"Are you raising outside of Wefunder as well? What is your runway?","author_name":"John Butterfield","votes":0,"created_at":"2020-11-11T23:38:22Z","canonical_url":"https://wefunder.com/inventr#question-113990","answers":[{"id":114855,"entity_id":"wefunder:comment:114855","answer":"Hi John, We will be raising outside of Wefunder in 2021. For now, we will be closing our campaign in the next couple of weeks. Happy to share more specific financial details regarding runway, the next round, etc. if you'd like to reach out (manu@inventr.co).","author_name":"Manu Stephen","votes":0,"created_at":"2020-11-17T17:31:38Z"}]},{"id":109356,"entity_id":"wefunder:comment:109356","question":"If a company uses your subscription, how long would they stay? Once they go through the patent process, wouldn't they cancel the subscription? What's the LTV?","author_name":"Craig J. Vom Lehn","votes":0,"created_at":"2020-10-07T13:35:17Z","canonical_url":"https://wefunder.com/inventr#question-109356","answers":[{"id":109771,"entity_id":"wefunder:comment:109771","answer":"Hi Craig, The companies that we're focused on (deep tech) have typically already filed their core initial patent/s, and are at a point of growing their patent portfolio. They are focused on filing multiple patents per year, so they have a recurring need to streamline the process. Since we're early, we don't have data backed LTV yet, but customers are comfortable with annual contracts.","author_name":"Manu Stephen","votes":0,"created_at":"2020-10-09T19:45:42Z"}]},{"id":103769,"entity_id":"wefunder:comment:103769","question":"How quickly and often do you iterate the product based on customer feedback? Do you have a formal process for obtaining feedback?","author_name":"Jeff Park","votes":0,"created_at":"2020-08-25T23:36:51Z","canonical_url":"https://wefunder.com/inventr#question-103769","answers":[{"id":104126,"entity_id":"wefunder:comment:104126","answer":"We ensure that any customers interested in our private beta are both a fit in terms of size/stage/need, as well as able to dedicate time to provide feedback. We typically do weekly calls with our users to gather feedback and data.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-28T02:50:14Z"}]},{"id":103768,"entity_id":"wefunder:comment:103768","question":"Congrats on your first paying customers. Can you please elaborate on the length of contract and contract size? You mentioned below that you refined the business model and product by focusing on late seed to Series B companies. Please explain how this helps your product stickiness and helps secure recurring revenue from customers. Thanks.","author_name":"Jeff Park","votes":0,"created_at":"2020-08-25T23:35:46Z","canonical_url":"https://wefunder.com/inventr#question-103768","answers":[{"id":104125,"entity_id":"wefunder:comment:104125","answer":"Hi Jeff, Contract length is annual and for $1K/mo. Please reach out to me at manu@inventr.co for any other questions relating to contracts. Companies between late seed and Series B are focused on growing their patent portfolio and need to file more often, thus their need for a monthly subscription and recurring usage.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-28T02:50:11Z"}]},{"id":103507,"entity_id":"wefunder:comment:103507","question":"https://www.youtube.com/watch?v=0cpiF0zS0K4 I watched your pitch video above. Why haven't revenue and usage progressed much since since the pitch day 04/25/18? I assume the customers you mentioned at 3:55 in the video were just one time users? What happened Eric, your former Head of Data Science?","author_name":"Wilson Tsai","votes":0,"created_at":"2020-08-23T22:22:59Z","canonical_url":"https://wefunder.com/inventr#question-103507","answers":[{"id":103607,"entity_id":"wefunder:comment:103607","answer":"Hi, That pitch included our first few customers which resulted in early revenue. Following that pitch, we went on to help over 50 customers through our transactional reports (one time users) and generate $18K in revenue. This allowed us to realize that we were missing value and needed to shift focus more on companies between late seed and Series B. This required slowing down on sales and spending more time with potential users to better understand the market. Erik and I mutually parted ways as he chose to pursue a PhD. Feel free to email me at manu@inventr.co if you have any specific additional questions.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-24T19:49:13Z"}]},{"id":103391,"entity_id":"wefunder:comment:103391","question":"Any updates on converting trial customers to paid customers ? Timeframe was indicated as August. More frequents updates on the development would be nice to see.","author_name":"Girish Hullatti","votes":0,"created_at":"2020-08-23T08:14:19Z","canonical_url":"https://wefunder.com/inventr#question-103391","answers":[{"id":103445,"entity_id":"wefunder:comment:103445","answer":"Hi Girish, We have trial customers who have agreed to paid contracts and we're undergoing final review of contract terms with them. I'd be happy to provide more frequent updates.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-23T16:46:06Z"}]},{"id":103062,"entity_id":"wefunder:comment:103062","question":"Was the $18k (2018) and $2875(2019) revenue from the earlier iteration of Inventr? How far are you guys along in building out the business?","author_name":"Wilson Tsai","votes":0,"created_at":"2020-08-21T04:00:12Z","canonical_url":"https://wefunder.com/inventr#question-103062","answers":[{"id":103444,"entity_id":"wefunder:comment:103444","answer":"Yes, those revenue number are from the earlier iteration. We've launched the new version with early users who have agreed to paid contracts.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-23T16:45:35Z"}]},{"id":102085,"entity_id":"wefunder:comment:102085","question":"Why are you only targeting $150k for this raise?","author_name":"Howard M Hadley","votes":0,"created_at":"2020-08-13T12:57:26Z","canonical_url":"https://wefunder.com/inventr#question-102085","answers":[{"id":102554,"entity_id":"wefunder:comment:102554","answer":"Hi Howard, We chose our target based on having enough runway to acquire early paying customers and refine our launched product, which will set us up to raise a larger seed round.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-17T17:05:34Z"}]},{"id":101586,"entity_id":"wefunder:comment:101586","question":"Are u avoiding my question???","author_name":"Leonardo Lee","votes":0,"created_at":"2020-08-10T20:00:00Z","canonical_url":"https://wefunder.com/inventr#question-101586","answers":[]},{"id":100839,"entity_id":"wefunder:comment:100839","question":"How did you come up with a valuation of $7 Million?","author_name":"Michael Lee","votes":0,"created_at":"2020-08-06T01:40:17Z","canonical_url":"https://wefunder.com/inventr#question-100839","answers":[{"id":101944,"entity_id":"wefunder:comment:101944","answer":"Hi Michael, Our valuation cap is $7M, which is the maximum price that your convertible security will convert into equity at a future raise. This conversion typically happens later, at a Series A financing, when a more sophisticated valuation can be determined. Based on our goals and existing benchmarks, we chose a valuation cap that would allow early stage investors to receive more shares for taking that earlier risk (more details here: https://help.wefunder.com/deal-terms/295252-valuation-cap). We’ve also included a 15% discount in the case that we aren’t able to raise at a desirable valuation. The median Series A pre-money valuation in 2018 (https://about.crunchbase.com/blog/series-a-report-2018/) and 2019 (https://www.svb.com/blogs/kamal-hassin/determining-seed-startup-valuation) was ~$21M. With a valuation cap of $7M, you would receive 3x as many shares with your investment if we are able to raise a Series A with a pre-money valuation of $21M.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-12T15:35:29Z"}]},{"id":100212,"entity_id":"wefunder:comment:100212","question":"What are your LOI’s dependent on to move forward? Obviously each may have certain nuances, but is there a theme among the majority?","author_name":"Kyle Kline","votes":0,"created_at":"2020-08-01T23:36:38Z","canonical_url":"https://wefunder.com/inventr#question-100212","answers":[{"id":100347,"entity_id":"wefunder:comment:100347","answer":"Hi Kyle, We’ve already started working closely with a small subset of the LOIs. We’ve learned that the benefits are becoming clear to these users, and the UI/workflow is being tweaked based on feedback. We don’t see a theme among the majority aside from the need to see or use the product in action as part of the customer decision making process.","author_name":"Manu Stephen","votes":0,"created_at":"2020-08-03T02:26:44Z"}]}],"faq":[{"question":"This is cool idea, and I like the fact that there are existing revenue streams, and - always important - your runway is projected to be longer than the time projected for getting to profitability. :) Good stuff. One small concern is if your main customers are early stage start...","answer":"Hi Francis,Great question! What you've highlighted is certainly a risk, one we agree with and briefly mention in the first risk listed on our profile just below the Financials.Shifting to larger and more established companies is very much in the plans. Currently, our product helps in the workflow between early stage companies and their interactions with outside counsel. Transitioning to larger companies will include a similar product and workflow, but between internal R\u0026amp;D and in-house cou..."},{"question":"Can you talk about the differences between the needs of start-up R\u0026amp;D and large enterprise R\u0026amp;D? You mention and list several SaaS competitors in the large enterprise R\u0026amp;D space. How does your company's service differ to better benefit the start-up companies needs and...","answer":"Hi Jason, Sure! One major difference is that large companies typically have in-house patent counsel, i.e. a dedicated team of attorneys employed by the company. Earlier stage companies typically have outside counsel, which are attorneys employed by a law firm who the companies reach out to as needed. Given this, these companies will perform 80-90% of the work around patents internally before reaching out to the outside attorney, and this is the work we're focused on automating. We've spent a ..."},{"question":"Hi, Is there a repurchase clause when I invest with Inventr?","answer":"Hi Calvin, No, there is not."},{"question":"Ai in combination with a human backoffice has occasionally been an empty promise (AI + attorneys may end up favoring the attorneys). How are you avoiding the fate of startups like ScaleFactor and simply white labeling legacy services?","answer":"Hi Scott, Thanks for asking. There are two points I want to address: 1) We’re not replacing service providers, such as attorneys, with our A.I. but we’re replacing the internal work that companies are already doing in order to save on legal fees. 2) We chose A.I., more specifically, NLP (natural language processing), not because we wanted to find a way to use a trendy approach, but because it is the right solution for this problem. Patent language is often difficult to understand and can be w..."},{"question":"What are your LOI’s dependent on to move forward? Obviously each may have certain nuances, but is there a theme among the majority?","answer":"Hi Kyle, We’ve already started working closely with a small subset of the LOIs. We’ve learned that the benefits are becoming clear to these users, and the UI/workflow is being tweaked based on feedback. We don’t see a theme among the majority aside from the need to see or use the product in action as part of the customer decision making process."}]}}}