Patent databases Startups

PatSnap is a connected innovation intelligence platform founded by Jeffrey Tiong in 2007 to help R&D teams and IP professionals identify technological opportunities. Tiong bootstrapped initial development with a $40,000 university startup grant and spent 2-3 years building the product while taking on consulting work to fund operations. The company now has 8,000 customers, 800 employees, and has raised over $51 million in funding, serving major clients like Disney, Tesla, and NASA.