IPwe is an enterprise blockchain company that focuses on developing solutions for intellectual property (IP) management. The company's flagship product is the Smart Intangible Asset Management (SIAM), which uses dynamic, patent non-fungible tokens (NFTs) and a proprietary AI algorithm to consolidate IP data and generate data-driven metrics, including valuations, ratings, and benchmarks for every patent. The platform uses a unique blend of data sources, including Clarivate's (a data source) patent database, IFI Claims, FactSet, and IPwe's own patent data collected since 2007. SIAM helps businesses in different ways. It provides accurate financial valuations for patents, industries, and IP portfolios in real time. This helps companies make decisions based on data and allows them to understand the financial worth of their portfolios and how they can be used for more than just defense. SIAM also rates and identifies patents, giving businesses insights into their own intellectual property portfolios.
Key customers and partnerships
IPwe partnered with Clarivate in November 2022 to support the management of intellectual property and intangible assets by incorporating Clarivate's patent data into IPwe's blockchain and AI platform, facilitating the creation and tracking of digital assets like NFTs and tokenized patents.
IPwe's collaboration with ADVASA in October 2022 aims to expand ADVASA's global Earned Wage Access services by utilizing IPwe's intellectual property platform, additionally enabling ADVASA to introduce a cryptocurrency-based value transfer system via the Casper blockchain technology.
Funding and financials
The company raised USD 2.5 million in Series A funding in February 2022, supported by Tareyton Venture Partners and Alpana Ventures. Limited information was provided regarding the planned use of funds.
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