British start-up leads the world in IP analytics
22nd October 2015
AISTEMOS has secured millions in funding – and a client roster featuring major corporates and leaders from banking, law, accountancy and venture capital.
LONDON, 21st October 2015: London-based intellectual property (IP) analytics specialist AISTEMOS has signed up an impressive array of global corporates since launching its first product, Cipher, 12 months ago. The firm’s clients include ARM, Nestlé, BAE Systems, Deutsche Bank, IP Group and Slaughter and May.
Phil David, who manages ARM’s IP strategy, commented that: “There are tens of thousands of patents in the tech sector. It is no longer possible to keep abreast of all competitor patent activity, at any reasonable cost. To that extent analytics are the future and Cipher has helped us to assess what’s going on. Combined with our internal expertise, this provides insight that would otherwise be impossible to derive. ARM’s IP strategy is core to our business, and our relationship with Aistemos helps us take advantage of the latest advances in data science applied to patent data”.
Cipher is the world’s first IP business intelligence platform to aggregate, analyse and visualise data relating to patents and related events including litigation and licensing. It is unique in providing, in a matter of seconds, access to useful analysis of IP risk and value – analysis that until now has taken weeks to assemble and been useful only to intellectual property specialists.
“IP Group’s aim of evolving great ideas into world-changing businesses requires us to keep abreast of technology developments as well as support our portfolio companies’ intellectual property strategies. In developing Cipher, AISTEMOS has aggregated large volumes of IP data and added machine learning analytics to produce a tool that provides actionable insights. This has the potential to help us build even more value in our portfolio by aiding us in our sophisticated approach to IP asset management,” explained Robert Trezona, who manages a range of Cleantech investments for IP Group.
The firm’s enviable client list, its status as the only company with a license to use Thomson Reuters’ IP data for analytics, and its cutting edge data science has put AISTEMOS at the forefront of innovation in IP analytics worldwide – and helped it to raise £4 million to fund innovation and expansion. The firm’s backers include senior City figures from across the banking, legal and corporate community.
Nigel Swycher, CEO at AISTEMOS said: “Cipher does something that has never been done before. It provides accessible insight into something that has remained invisible for too long – the ideas and inventions that account for up to 70% of enterprise value and, ultimately, drive the global economy”.
“Our customers tell us that Cipher has made a difference. They are able to make more informed decisions and offer better advice based on deeper insight around corporate value. Our work has real world application from equity research to the development of IP strategy in FTSE100 companies.”
AISTEMOS’ success has been driven by an experienced leadership team, backed by an Advisory Board packed with renowned experts in their fields.
CEO, Nigel Swycher previously had a long career in the law, first with Slaughter and May and later with Olswang. Nigel is also a Director of the Open Register of Patent Ownership (ORoPO), set up with the help of IBM, Microsoft, ARM, BAE Systems and others to boost transparency and openness across the patent system.
Steve Harris, CTO, was previously an academic at the University of Southampton, specialising in Information Extraction, Graph Databases, and Analytics. Steve advises the UK Government and European Commission on issues of information security and data science, and contributed to Graph Database standards at the W3C.
The firm’s non-executive director is Scott Bell, Head of UK Investment Banking at Deutsche Bank, while Advisory Board members include: Chairman and Co-Founder of the Open Data Institute Sir Nigel Shadbolt; respected IP academic Jeremy Phillips; Wood Mackenzie CEO, Stephen Halliday; and Ewan Stradling, BMS Finance founder and former Group CFO for the Netdecisions Group.
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