PatSnap, the Intellectual Property Analytics company backed by Sequoia and used by innovative companies to accelerate their R&D, has announced the launch of its first USA office in Los Angeles. The new office will provide enhanced, dedicated support to PatSnap’s rapidly growing customer base in the USA.
PatSnap has brought together the world’s largest IP dataset, and by adding licensing and litigation data, economic data, patent valuation, image and chemical formula search, and trademark recognition, it provides the world’s most innovative enterprises, public bodies and academic institutions with a new, intuitive source of information for use during research.
The company has chosen Los Angeles as its first North American outpost, over the well-trodden path to Silicon Valley. Amir Achourie, one of PatSnap’s London office founders, will lead PatSnap’s USA presence as Head of Sales Americas.
On the decision to launch the USA office, Amir said: “60% of our customers are now based in the USA – so the question probably shouldn’t be ‘why are we opening the USA office?’ but ‘why has it taken so long?’. The truth is our amazing customer success team, and our UK sales operations have done such a brilliant job of establishing PatSnap in the USA that until now it wasn’t necessary. Recently we reached a tipping point where over 50% of our customers were based in the USA, and more and more of them are Enterprise level customers. We had to be on the ground to support them.”
On choosing Los Angeles (also known as Silicon Beach), over the world-renowned technology hub of Silicon Valley, Amir said: “L.A has always been a creative hub. It has great universities, and Mayor Garcetti is working hard to create a supportive environment for fast-growing companies to thrive in. It was a surprisingly easy choice.”
PatSnap now has over 3000 customers globally, nd is onboarding new customers at a rate of 100 a month.