Tradespace, a San Francisco-based AI-native IP platform, has raised 15 million in Series A funding. The round was led by AVP, with Eniac Ventures, Amplo VC, and Scrum Ventures also participating.
The funding will enable Tradespace to expand operations and scale its AI-driven IP workflows globally. The company aims to replace the traditional law firm model, which is increasingly costly and slow for in-house teams.
The traditional IP law firm model is broken. In-house teams are being asked to support faster innovation cycles without increasing costs, despite law firm fees for drafting and prosecution reaching record levels, said Alec Sorensen, CEO and Co-Founder of Tradespace. Tradespace is dismantling that model and will continue to innovate in the IP law sector thanks to the support and confidence of our financial partners.
