OverviewSuggest Edit

PatSnap is a provider of research and development (R&D) analytics for analyzing tech trends, driving innovation, market planning, competitor intelligence, and maximizing return on IP assets. The company offers algorithms that extract and correlate key information across all data sets, using proprietary neural networks and machine learning technologies.
TypePrivate
Founded2007
HQLondon, GB
Websitepatsnap.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Sept 2021)488
Revenue (FY, 2019)£24.8 M(+20%)
Cybersecurity ratingCMore

Key People/Management at Patsnap

Jeff Tiong

Jeff Tiong

Founder & CEO
Ray Chohan

Ray Chohan

Founder West & VP New Ventures
Markus Haense

Markus Haense

Chief Technology Officer
Guan Dian

Guan Dian

SVP, Asia Pacific
Simon Tu

Simon Tu

VP, Engineering
Anja Stapelfeld

Anja Stapelfeld

VP, People & Culture
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Patsnap Office Locations

Patsnap has offices in London, Manassas, Toronto, Beijing and in 5 other locations
London, GB (HQ)
566 Building 11 Chiswick High Rd
Toronto, CA
1 University Ave
Toronto, CA
40 King St W 41st floor
Beijing, CN
10 Wangjing St, Wang Jing, Chaoyang Qu
Shanghai, CN
10 - 11f, building, 650 Caobao Rd, Xuhui Qu
Shanghai, CN
568 Hengfeng Rd, Jingan Qu
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Patsnap Financials and Metrics

Summary Metrics

Founding Date

2007

Patsnap total Funding

$351.6 m

Patsnap latest funding size

$300 m

Time since last funding

6 months ago

Patsnap investors

Patsnap's latest funding round in March 2021 was reported to be $300 m. In total, Patsnap has raised $351.6 m
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Patsnap Revenue

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View revenue for all periods
Patsnap's revenue was reported to be £24.76 m in FY, 2019 which is a 19.3% increase from the previous period.
GBP

Revenue (FY, 2019)

24.8m

Revenue growth (FY, 2018 - FY, 2019), %

19.3%

Gross profit (FY, 2019)

22.5m

Gross profit margin (FY, 2019), %

91.1%

Net income (FY, 2019)

183.0k

EBIT (FY, 2019)

183.5k

Cash (31-Dec-2019)

3.4m
GBPFY, 2017FY, 2018FY, 2019

Revenue

13.3m20.8m24.8m

Revenue growth, %

56%19%

Cost of goods sold

1.1m1.9m2.2m

Gross profit

12.3m18.9m22.5m
GBPFY, 2017FY, 2018FY, 2019

Cash

1.3m1.8m3.4m

Accounts Receivable

2.6m3.1m2.6m

Prepaid Expenses

848.8k1.2m1.0m

Current Assets

4.8m6.5m7.3m
GBPFY, 2017

Revenue/Employee

37.1k

Financial Leverage

-0.7 x
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Patsnap Operating Metrics

Patsnap's Customers was reported to be 8 k in Jan, 2021.
Jun, 2018Jan, 2021

Countries

40

Customers

8 k8 k

Active Investors

8

Jurisdictions

116
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Patsnap Revenue Breakdown

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Patsnap revenue breakdown by business segment: 100.0% from Sale of software licenses

Patsnap revenue breakdown by geographic segment: 16.7% from United Kingdom, 20.2% from Europe, 62.6% from United States and 0.6% from Other

Patsnap Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Patsnap Online and Social Media Presence

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Patsnap News and Updates

Deep Dive: How PatSnap joined the unicorn club

The Singapore-based innovation intelligence startup has been raking in funding from big-name VCs, but it wasn’t always this easy to attract investment.

Tokopedia, PatSnap among 8 fastest-growing firms by revenue in Southeast Asia

The Asia Pacific Technology Fast 500 lists companies based on their percentage of fiscal year revenue growth over three years.

How PatSnap can get to $10b

The founders once huddled together in a cold Suzhou winter without a heater.

How PatSnap grew to become a billion-dollar company

Think building a billion-dollar startup in a complex space straight out of college is crazy? Ask PatSnap.

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

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 d…

PatSnap lands $300M late-stage round for AI-based innovation intelligence platform

A self-styled “innovation intelligence” platform provider called PatSnap Ltd. is looking to capitalize on enterprises’ unquenchable thirst for artificial intelligence-powered analytics and insights after closing on a huge $300 million round of funding. SoftBank Group Corp.’s Vision Fund 2 and Tence…
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Patsnap Blogs

3 ways patent insights can help inform innovation (regardless if you’re for or against patents)

Struggling to innovate efficiently? Patent insights can help you identify opportunities, mitigate risk, and inform your innovation strategy. The post 3 ways patent insights can help inform innovation (regardless if you’re for or against patents) appeared first on PatSnap.

Connected Innovation Intelligence: Beyond Patents

What can the TV drama House teach us about how to accelerate innovation? The post Connected Innovation Intelligence: Beyond Patents appeared first on PatSnap.

PatSnap publishes The Definitive Guide to Connected Innovation Intelligence (CII)

Guide showcases how CII empowers organizations to more effectively research, develop, and launch commercially viable products and services. The post PatSnap publishes The Definitive Guide to Connected Innovation Intelligence (CII) appeared first on PatSnap.

The Decentralized World: NFTs, Cryptos, and the future of blockchain-enabled technology, featuring Mason Nystrom

Mason Nystrom, Senior Research Analyst, Messari, speaks with PatSnap's Founder (West) & VP New Ventures, Ray Chohan. The post The Decentralized World: NFTs, Cryptos, and the future of blockchain-enabled technology, featuring Mason Nystrom appeared first on PatSnap.

Space innovation: the trends revolutionizing aerospace

Emerging technologies, commercialized space traffic, and cost-effective satellites are revolutionizing aerospace. In this webinar we explore the top trends influencing the space revolution, the innovators shaping the future, and how to locate non-obvious potential partners. The post Space innovation…

Managing IP: A Perspective from the Aerospace Industry with Scott Asmus

Deputy Chief Counsel Intellectual Property at BAE Systems, Scott Asmus, speaks with PatSnap's Founder (West) & VP New Ventures, Ray Chohan The post Managing IP: A Perspective from the Aerospace Industry with Scott Asmus appeared first on PatSnap.
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Patsnap Frequently Asked Questions

  • When was Patsnap founded?

    Patsnap was founded in 2007.

  • Who are Patsnap key executives?

    Patsnap's key executives are Jeff Tiong, Ray Chohan and Markus Haense.

  • How many employees does Patsnap have?

    Patsnap has 488 employees.

  • What is Patsnap revenue?

    Latest Patsnap annual revenue is £24.8 m.

  • What is Patsnap revenue per employee?

    Latest Patsnap revenue per employee is £50.7 k.

  • Who are Patsnap competitors?

    Competitors of Patsnap include Earnest Research, Meltwater and AlphaSense.

  • Where is Patsnap headquarters?

    Patsnap headquarters is located at 566 Building 11 Chiswick High Rd, London.

  • Where are Patsnap offices?

    Patsnap has offices in London, Manassas, Toronto, Beijing and in 5 other locations.

  • How many offices does Patsnap have?

    Patsnap has 12 offices.