NEW YORK / LONDON (IT BOLTWISE) – Two emerging New York startups recently closed significant funding rounds. Patlytics, an AI-powered patent intelligence tool, secured $21.1 million, while Aboon, a retirement plan management platform, raised $17.5 million in a seed round. These developments underscore investors’ continued interest in innovative AI solutions in the legal and financial sectors.
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In New York’s dynamic world of startups, two companies have recently made significant strides. Patlytics, a company that specializes in using artificial intelligence to improve patent intelligence, has raised an impressive $21.1 million in a funding round. This investment, supported by fifty different investors, demonstrates confidence in Patlytics’ ability to revolutionize the field of patent analysis. Founded in 2023 by Arthur Jen and Paul Lee, the company has already created a solid foundation to further develop its innovative solutions.
Patlytics uses advanced AI technologies to analyze complex patent data and generate valuable insights for companies. This platform could be of particular interest to companies that want to optimize their innovation strategies. The ability to efficiently process large amounts of patent information provides a significant advantage in an increasingly competitive market.
In parallel, Aboon, another promising startup, has raised $17.5 million in a seed funding round led by Bain Capital Ventures. Aboon offers an AI-powered platform that helps advisors create and manage retirement plans for their clients. Founded by Nicholas Gavronsky and Amy Ouellette, Aboon aims to simplify and automate the retirement planning process, benefiting both advisors and end clients.
The funding rounds for Patlytics and Aboon reflect investors’ continued interest in innovative AI solutions that can transform traditional industries such as law and finance. While Patlytics aims to transform the way companies handle patent information, Aboon offers a modern solution for retirement plan management. Both companies are at the forefront of a new wave of startups using artificial intelligence to optimize existing processes and create new opportunities.
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