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 the data to help companies including IBM, United States Department of Defence and NASA to handle their intellectual property-related analytics.
PatSnap currently has over 200 research and development professionals in offices in Singapore, London, Silicon Valley, Beijing, Shanghai and Suzhou.
"Creating high quality product to service the world by utilizing China's competitive advantages in technology research and development is a business model that we we like," said Tuck Lye Koh, founding partner and CEO of Shunwei Capital.
PatSnap previously raised US$13.4 billion in series A and B funding rounds from Summit Partners and Vertex Ventures in 2014 and 2015, according to Crunchbase but the information could not be verified.