Sequoia Capital China Leads Series C Round In intellectual property Firm PatSnap

Sequoia Capital China has led a series C funding round in Singapore-based PatSnap, an intellectual property intelligence company powered by machine learning and artificial intelligence.

China's Shunwei Capital also participated in the round. No financial details of the investment were disclosed.

"With our roots in China, we are a technology-focused Software as a Service (SaaS) company dedicated to providing professional services to over 3,000 companies in and outside of China," Zhang Jihui, co-founder of PatSnap said in an announcement.

PatSnap operates what it says is the biggest intellectual property data-set in the world with over 118 million patents, complete with licensing and litigation data, economic data, patent valuation, image and chemical formula search, trademark recognition and other metrics.

The company utilizes...

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