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Vator Splash Spring 2016 cohort Datanovo finds prior arts to every patent instantly. Prior art is anything that shows an invention is old or obvious. Companies use prior arts to invalidate frivolous patents and show that those innovations already exist long before. Companies also use prior arts (or a lack thereof) to show why their products are not obvious variations but truly cutting-edge technologies. Prior art is what stands between just an idea and true invention. It’s the holy grail in intellectual property.
Among the judges were Jed Katz (Managing Director, Javelin Venture Partners,), Josh Elman (Partner, Greylock), Paul Arnold (Partner, Switch VC), Mark Goldstein (Managing Partner, Efficient Capacity), Cindy Padnos (Managing partner, Illuminate Ventures)
Thanks to our amazing top-tier Splash Spring 2016 sponsors: KPMG, Javelin Venture Partners, SAP Startup Focus Program, Bread and Butter, Kapor Center for Social Impact, Lyft, Avison Young, Tubemogul, Wendel Rosen and Dictionary.com.
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DataNovo finds prior arts to every patent instantly. Prior art is anything that shows an invention is old or obvious. Companies use prior arts to invalidate frivolous patents and show that those innovations already exist long before. Companies also use prior arts (or a lack thereof) to show why their products are not obvious variations but truly cutting-edge technologies. Prior art is what stands between just an idea and true invention. It’s the holy grail in intellectual property.
But finding prior art is a monumental task. It’s hard because you think it’s there but you don’t know where, if it exists at all. It’s expensive because it’s time- and labor-intensive to look through decades of products and literature to find them. It’s slow because prior art searches today are still done manually, by hands and by human, which take weeks, if not months, to complete. Manual searches often lead to poor quality of prior arts. This lack of quality has led to a historical number of trivial patents issued and litigated.
Fundamentally, DataNovo aims to solve: 1) how to find the best and most relevant prior arts; and 2) how to find them quickly.
DataNovo solves these two industry-wide problems by cutting search time down to milliseconds (from weeks/months) and at a fraction of the cost (e.g., at one tenth of the traditional cost). Enter just the patent number. Using machine learning and pattern recognition, DataNovo is able to identify the key invention in each patent. Leveraging on big data and artificial intelligence, DataNovo is able to use the key invention as part of its comprehensive prior art discovery process to identify the best, most relevant prior arts available against that key invention.
With these prior arts, companies are able to challenge frivolous patents, make informed choices on potential settlement terms, or design products around those patents to avoid willful infringement.
Another feature we offer is the innovation checker. You can check if your new product is truly cutting edge. Describe your product in as few as 6 words. That is all it takes for our machine learning system to understand the product that you have. We will then show you patents that might cover that product.
With these results, you can then take steps to avoid patent infringement by designing around them. Never before do companies have this information without being sued or spending millions in patent litigation. The best part is that you don’t need to hire a patent lawyer or a professional prior art search firm to find these patents for you. The results are now available at your fingertips instantly, which saves time and cuts cost in ways never seen or done before.
Joined Vator onI have a PHD in Statistics & MBA. I have 27 years of industry experience & have worked in the FMCG,Pharmaceutical,Clinical Trials,Education & Telecommunication industries. I always strive to use my analytical skills in the best way possible.
Joined Vator onCindy Padnos is founder/managing partner of Illuminate Ventures, an early stage VC firm focused on enterprise cloud and mobile computing. A prior founder herself, she is an entrepreneurial enthusiast!
Joined Vator onJed Katz is the Managing Director of Javelin Venture Partners. One of the pioneers of online commerce, Jed has spent his 20 year career developing, advising & investing in early stage tech ventures.
Joined Vator onWorking with a great startup in the patent law space. Feel free to contact me if you want to chat about entrepreneurship and startups, as I am always interested in hearing about what others are doing. (I do have some connections with investors...)