Jun 27, 2023

Patented.ai , a San Francisco, CA-based provider of intellectual property software built on AI-first principles, raised $4M in Pre-Seed funding. The round was led by Steve Anderson of Baseline Ventures, Nicole Stata of Boston Seed Capital, Jeff Fagnan of Accomplice, Naval Ravikant and Cooley LLP. Founded by Wayne Chang, Patented.ai is an intellectual property engine provider committed to safeguarding intellectual property and protecting it. The company works to empower innovators and businesses in a rapidly changing digital landscape with its product, LLM Shield, which provides an essential tool to help individuals and companies protect against inadvertently sharing personal identifying information, trade secrets and all other sensitive data with virtually all LLMs. A proactive approach to filtering data before it goes into LLMs allows individuals, companies and governments to leverage AI, without risking a catastrophic leak. The company intends to use the funds to to continue improving LLM Shield’s capabilities for the enterprise, disseminate resources to prevent AI data loss and continue developing AI-powered software to protect IP. Building on its launch, the company launched the LLM Shield personal version, which now offers free on-device sensitive data checks and protection for individuals across all industries. Users will benefit from the same multi-layered security features of the enterprise version, shielding sensitive information from large language models. FinSMEs