DataNovo
Curated by SignalLegal analytics startup for patents' strength
Overview
DataNovo is a big data legal analytics startup. It assess the strength of patents to help subscribers make informed business and legal decisions. As part of that assessment, it uses deep learning methods to provide predictive analytics to forecast, with reasonable accuracy, how likely a patent is (in)valid. DataNovo also provides actionable recommendations that subscribers can follow to maximize their chances in canceling or affirming any of the existing and active patents. DataNovo helps both parties involved in patent disputes to answer the most critical business question: to settle or to litigate? If the parties choose to settle, when is it an appropriate time to do so? These questions are standard decision analysis questions. The possible outcomes are generally well understood by both parties. The remaining key uncertainties are the probabilities in winning the litigation. DataNovo provides those probabilities. From a business perspective, DataNovo's insider intelligence will give any patent owner additional leverage to negotiate a bigger settlement . Similarly, DataNovo's predictive analytics will allow any accused infringer to avoid spending millions in litigation only to lose again at trial resulting in huge pay-outs, lost opportunity costs, and steep legal bills.
Key facts
- Founded
- 2015
- Headquarters
- San Francisco, United States
- Stage
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Business model
- 5 products and services
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