Article One Partners Received $3 Million to Assist in Patent Validation
- ... What do you have to say? 0 Comments
Article One Partners deals with validity of issued patents. A common use for this type of service is to validate or invalidate a patent when a law suit presents itself.
Article One Partners has clients, those who want a patent to be either validated or invalidated. They also have what they call advisors, those who work to find prior art in an effort to prove either way. A reward is provided and revealed ahead of time such as $20,000. A submitter of prior art has the chance to earn that reward. The opposite of submitting prior art to possibly obtain a reward is being paid for the effort. The issue is that sometimes it is equivalent to finding a needle in a haystack. Not only that but typically you would only be able to hire one person at a time, by using this method an unlimited number of people can assist.
Funding Total: $3,000,000
|Round||Date||Amount||Pre Amount||Post Amount|
|Investors: General Catalyst Partners|