Other
Jan 2026Bloomberg reported that PatSnap was considering a confidential dual listing in Hong Kong and Singapore and a potential $300M–$400M share sale; this was reported as a plan/consideration, not a completed IPO.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Overview
PatSnap is a Singapore-founded, privately held AI-native innovation-intelligence software company. Its platform combines patent, scientific-literature, legal, market and technical data with domain-specific AI agents to help R&D, IP, engineering, life-sciences and materials teams move from ideation and technical discovery through IP protection and commercialization.
Primary product
Eureka by PatSnap: an AI-native innovation-intelligence platform for patent search, novelty/FTO analysis, patent drafting, technology landscaping, R&D problem solving, life-sciences research and materials/formulation intelligence.
Founded
2007
Headquarters
Singapore, Singapore
Team size
Approximately 500–800 globally; Revelio Labs estimated 582 in Q1 2026, while PatSnap's careers page still says 800+ (likely stale or differently scoped).
Work style
Flexible
Industry
Software Development
Sub-industry
AI-powered patent, IP and R&D intelligence / enterprise SaaS
Offices
Singapore — 75 High Street, #04-00
London, United Kingdom — 70 Gray's Inn Road
Tokyo, Japan — 7F, 1-chome 12-9 Shinbashi, Minato-ku
Shanghai, China — Xin Caohejing Business Center, No.391 Guiping Road
Toronto, Canada — 26 Wellington St East, Suite 906
London, United Kingdom — Chiswick Business Park, 566 Chiswick High Road
Los Angeles, United States — 12130 Millennium Drive
Business model
Enterprise subscription SaaS
Seat- or organization-based access to patent and innovation databases
Enterprise/API and Open Platform data access
Professional services and consulting
Free self-serve trial with Pro and Enterprise upgrade paths
Funding
Stage
Late-stage private / unicorn; exploring a potential dual IPO but not publicly listed as of 2026-08-02
Total raised
$352M
Latest round
Series E · Mar 2021
Latest amount
$300M
Mar 2021 · SoftBank Vision Fund 2 and Tencent Investment
Oct 2018
Jun 2018
Nov 2016 · Shunwei Capital
Dec 2015 · Summit Partners
Aug 2014 · Accel-X / NUS Enterprise
Jan 2013
Jan 2010 · Accel-X and NUS Enterprise
People & investors
Leadership
Founder & CEO
Co-founder; APAC General Manager & CMO
Co-founder & VP / SVP, Corporate Strategy
Markus Haense
Founder / Chief Technology Officer / Head of Research
Investors
Accel-X
CITIC Industrial Investment Group
CPE Industrial Fund
HSG
NUS Enterprise
Qualgro
Sequoia Capital China / HongShan
Sequoia China / HongShan
Shunwei Capital
SoftBank Vision Fund 2
Summit Partners
Temasek
Tencent Investment
Vertex Growth
Vertex Venture Holdings / Vertex Ventures SEA & India
Vertex Ventures
Vertex Ventures Southeast Asia & India
Work & culture
Company-described culture is growth-obsessed, collaborative and globally diverse, emphasizing integrity, leadership, openness, growth, innovation and customer-centricity. Public employee sentiment data is mixed/negative in 2026, so the official culture claims should be treated as employer positioning rather than independent assessment.
Work style
Flexible
Compensation
No reliable company-wide compensation bands found. Third-party workforce data estimates global average salary around $73,764, with materially different regional medians; this is an estimate, not a PatSnap disclosure.
Benefits
Health and life insurance
Wellness programs
Employee assistance program
Contributory pension scheme
Flexible work arrangements
Professional development opportunities
Product & market
Pricing
Public list pricing is not disclosed. The product is primarily enterprise subscription software; Eureka offers free self-serve trial access with Pro and Enterprise upgrade paths, while API/data and professional-services pricing appears quote-based.
Differentiators
- —Large proprietary innovation dataset combining patents, legal data, scientific literature and market/technical intelligence
- —Coverage across more than 170 jurisdictions and hundreds of millions of records
- —Domain-specific AI agents built for IP, engineering, life sciences and materials workflows rather than generic chat
- —Integrated search, landscaping, FTO, drafting, R&D and commercialization workflows
- —Open Platform APIs, MCP integrations and embeddable intelligence for enterprise AI environments
- —ISO 27001:2022 and SOC 2 Type 1 claims, with TLS 1.2+ and AES-256 encryption
Technology
Domain-specific AI agents
Large language models and retrieval-augmented generation
Patent and scientific-literature search
REST APIs / Open Platform
Model Context Protocol (MCP) integrations
Multilingual search
Natural-language processing
PostgreSQL
MongoDB
MySQL
Kubernetes
AWS SQS
TensorFlow
React
TypeScript
Java
Python
Customers
Dyson
Spotify
Oxford University Innovation
NCH Corporation
Convotherm
Suntory
Michael Foods
Takasago International Corporation
LiveRamp
NASA
GE
Lego
Vodafone
Ferrari
Siemens
Competitors
Clarivate Derwent Innovation
LexisNexis IPlytics / PatentSight
Questel Orbit Intelligence
Anaqua
PatSeer
Google Patents
Scale & contact
Estimated revenue
Approximately $100M+ annual recurring revenue, based on company/executive statements for 2024; a defensible GAAP annual-revenue range is not publicly disclosed.
Signals & risks
Other
Apr 2025PatSnap disclosed a legal settlement with Paitrix. Public evidence reviewed did not establish a shutdown, acquisition or material operational impact.
SourceOther
Jan 2024PatSnap said it had reached $100M ARR and turned profitable; public workforce data shows a modest headcount dip during 2023–2024 followed by growth, but no verified company-wide layoff announcement was found.
SourceLatest news
PatSnap · Jul 2026
PatSnap joined an ASEAN IP offices cooperation arrangement to improve access to regional IP data and support AI-assisted search and examination across Southeast Asia.
PatSnap · Jun 2026
PatSnap integrated its Open Platform patent intelligence into Intellegens' Alchemite Insight to help teams validate formulation choices earlier in R&D.
PatSnap · Jun 2026
The partnership integrates PatSnap patent intelligence into Intellegens Alchemite formulation workflows for earlier novelty and FTO checks.
The Business Times · Jun 2026
A feature on PatSnap's GenAI strategy, international expansion, and how the company is positioning its patent intelligence platform for growth.
The Business Times · Jun 2026
Jeffrey Tiong discussed PatSnap’s GenAI strategy, expansion across 50 countries and the continuing evolution of its patent-intelligence platform.
Jobs and careers at PatSnap
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