Each year, many large organizations spend billions of dollars on intellectual property (IP) through mergers and acquisitions. It has actually become very common for companies to have a portfolio of thousands of patents, which can be daunting. This is why many are turning to software solutions to manage their IP needs. As organizations seek to improve the efficiency of their IP operations, the ability to access real-time metrics and KPIs is a key requirement. And, that is where solution providers like Lecorpio come in.
Lecorpio, a provider of cloud-based Intellectual Property (IP) management and analytics, has recently received $10 million in Series B funding, led by M2O. Lecorpio will use this money to make strategic hires, accelerate product development, and support the company's growing base of enterprise customers. In addition, as part of its strategy to capitalize on the expanding market opportunity around IP management and analytics solutions, Lecorpio made two important post-funding hires: the first to lead engineering and the second to lead product management.