Patent AI Startup DeepIP Raises $25M Series B
DeepIP, a vertical AI company with ties to the Turkish ecosystem, has closed a $25 million Series B. The funding will scale its platform that automates patent search and portfolio management, signaling strong VC conviction in AI tools for complex, high-value professional workflows.
The Series B round was co-led by Korelya Capital and Serena, with existing investors Headline and Balderton Capital also participating. This brings DeepIP's total funding to $40 million, following a $15 million Series A in 2025 led by AI-specialist fund Resonance. The company, which has dual headquarters in New York and Paris, reports a tenfold increase in annual recurring revenue over the past 18 months. DeepIP was founded in 2024 by François-Xavier Leduc (CEO) and Edouard d'Archimbaud (CTO), who previously co-founded and led Kili Technology, an AI solutions provider for major companies like Airbus and IBM. They launched DeepIP to address the inefficiencies of patent workflows, which have seen little change since the 1990s despite global patent applications soaring to 3.5 million annually. The founders' experience at Kili provided them with expertise in secure AI for critical environments, a foundation they are now applying to the legal sector. The company’s core product is an AI assistant that integrates directly into workflows and tools like Microsoft Word, rather than being a standalone application. This approach has led to 20% higher adoption and 40% higher usage compared to separate AI tools. The platform has already been used in over 40,000 patent cases and is trusted by firms like Greenberg Traurig and corporate clients such as Philips and Dexcom. The global market for AI in patent and market intelligence was estimated at over $1.5 billion in 2025 and is projected to grow significantly, with some forecasts predicting it will reach over $8 billion by 2035. This growth is driven by the increasing volume of patent filings and the need for more efficient analysis. DeepIP is positioning itself to capture a share of the $42 billion global IP law services market. This funding round signals strong investor confidence in vertical AI applications that target complex, high-value professional industries. The capital will be used to expand DeepIP's presence in the U.S. and Europe and to further develop its platform from a productivity assistant into a more advanced "agentic system" capable of handling more complex tasks autonomously. While the global VC market saw a shift towards mega-deals in AI in 2025, the Turkish startup ecosystem saw a rise in the number of deals, particularly at the seed stage, even as total transaction volume consolidated from the highs of 2024. There is a growing focus within Turkey on developing a sovereign AI infrastructure to reduce reliance on foreign technology and support domestic startups in fields like AI, cloud computing, and cybersecurity.
