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SoftBank, Tencent backs IP analytics platform PatSnap in $300M round



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As enterprises around the world pour more money into research and invention to stay competitive, the need for analyzing the worthiness of R&D expenses also grows.
One company serving that function is PatSnap. When co-founder Jeffrey Tiong was working in the medical devices industry more than a decade ago, he realized how critical intellectual property and patents were in the tech world.
In 2007, Tiong launched PatSnap in Singapore to build a global patent search database and overtime pushed the firm into adjacent realms. PatSnap’s more recent software, which Tiong dubs “innovation intelligence,” helps enterprises analyze their R&D …

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