(TurboPatent Photo) <\/p>\n
Seattle startup TurboPatent has raised $1.45 million in a convertible note as it gets ready to release the second version of some products and expand its documentation automation capabilities. <\/p>\n
TurboPatent focuses on corporations and law firms of all sizes, automating taskslike formatting or document preparation, for example, freeing up people to work on more complex, high-value work. The service is designed to cut costs, save time and lead to more accurate patent documentation. <\/p>\n
The 25-person company said it has the same impact on the patent industry as CAD (computer-aided drafting) did for engineering, the cloud for IT infrastructure, and robotics for manufacturing. <\/p>\n
The latest funding comes from existing institutional, strategic, and founder investors as well as new private investors. The company raised its first outside funding in 2015,a $2 million seed round led byVoyager Capital. <\/p>\n
TurboPatent recently released a new automation product, SmartShell, that helps paralegals speed up responding to office actions and reduces human error. <\/p>\n
Formerly known as Patent Navigation, TurboPatent boasts an experienced team led by co-founders James Billmaier and Charles Mirho. Billmaier was previously CEO of Melodeo, a cloud-based media platform company that sold to HP in 2010. He also teamed up with Paul Allen in 1999 to launchhome-entertainment technology company Digeo, which was eventually sold in 2009 to ARRIS Group Inc. <\/p>\n
Mirho, meanwhile, is a patent law veteran, having worked as a patent counsel at Intel and later as a managing partner of a patent law firm. He also has a computer science degree from Rutgers. <\/p>\n
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Seattle startup TurboPatent raises $1.4M to expand patent automation capabilities - GeekWire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" (TurboPatent Photo) Seattle startup TurboPatent has raised $1.45 million in a convertible note as it gets ready to release the second version of some products and expand its documentation automation capabilities. Continue reading