Tradespace Secures $15 Million to Revolutionize IP Law with AI Technology

In a groundbreaking move for the intellectual property (IP) management sector, Tradespace has successfully raised $15 million in a Series A funding round led by AVP. This funding represents a decisive step in the company's mission to transform the landscape of IP law by empowering organizations to take control of their entire IP lifecycle through AI technology.

Empowering In-House Teams
Tradespace emerges as the first solution designed specifically to allow enterprises to manage their IP development and legal processes internally, thereby significantly reducing costs. Historically, in-house IP teams have had to choose between maintaining a tight budget, which necessitated filing fewer patents, or spending extravagantly on legal services to secure comprehensive patent coverage. Tradespace's innovative platform promises to eliminate this dilemma, allowing clients to streamline their patent processes efficiently.

AI Integration for Enhanced Efficiency
According to Alec Sorensen, CEO, and Co-Founder of Tradespace, the conventional IP law firm model has become untenable as the pressure mounts for quicker innovation without the corresponding increase in costs. The company aims to replace traditional billing methods that typically burden innovation with a more productive, AI-driven framework.

Tradespace incorporates AI deeply into the research and development workflow, enhancing several critical aspects of the patent process. From harvesting innovative ideas to drafting applications, the platform allows teams to operate with the agility of technology firms while preserving the necessary legal rigor. This integration results in a more seamless and collaborative approach, fostering a culture where legal and creative functions coalesce.

Solutions Beyond Conventional Drafting
Unlike other tools that merely expedite text drafting, Tradespace serves as a comprehensive end-to-end IP management system. It enables teams to handle everything from innovation harvesting to responding to office actions. The use of AI not only improves efficiency but also maintains high-quality outputs comparable to the work produced by senior legal professionals.

Immediate Impact on Client Operations
Since implementing Tradespace's solutions, clients have reported impressive results: a 50% drop in reliance on outside legal counsel and a 40% rise in invention disclosures from R&D teams. Furthermore, the time taken to file patents has been accelerated dramatically, compressing timelines from weeks to mere days. This transformative capability allows in-house teams to fulfil their strategic potential rather than become bogged down by administrative duties.

A New Standard for Global Corporations
AVP general partner Manish Agarwal noted that in-house teams face an administrative trap, desiring to become strategic enablers rather than just invoice approvers. With Tradespace, corporations can redefine their approaches to IP management, making it a strategic advantage rather than a burdensome obligation. The platform has already gained traction, managing over 440,000 patents across more than 80 organizations, including large tech companies and a significant number of top US research universities.

This new investment follows Tradespace's acquisition of Paragon Patents in November 2025, further solidifying its position and capabilities in AI-driven patent drafting and management.

Conclusion: The Future of Intellectual Property
With its ambitious aim to replace outdated practices with AI-fueled efficiencies, Tradespace is poised to set a new standard for IP management across sectors. By empowering in-house teams to take charge of their IP workflows, the company not only optimizes operational costs but also drives innovation to the forefront of corporate strategies. As Tradespace continues to develop its platform, the implications for the future of IP law are profound, heralding a shift toward a more technologically integrated and efficient legal landscape.