Patent Monetisation

Yes. While the Cipher platform is provided on a subscription basis, for specific transactions Cipher provides per project pricing that includes delivery of the Cipher Due Diligence Report and access to the underlying data in the Cipher platform for the duration of the deal.

No. The fact that technology is improving all aspects of our lives does not require you to understand how technology works, just to trust that it does. Cipher was founded in 2013 and is trusted by major patent owners across all technology sectors. Our due diligence solution for law firms is fully supported so that lawyers entirely new to Cipher can immediately access the insights required for the task at hand.

Cipher is the market leader for the automated mapping of patents to technologies. It is well understood that patent analysis is only as good as the underlying patent data from national Patent Offices – which is not perfect. Patent owners are aware of this and standard disclaimers can handle the residual risk of relying on third party data sources.

Both. The Cipher platform was originally developed for instant analysis of a company and its competitors. This was based on unsupervised machine learning (clustering).

More recently, Cipher launched its Universal Technology Taxonomy which is a structured taxonomy for all patented technologies. This uses supervised ML (classification). Cipher will recommend the optimum approach for your matter based in your objectives, budget and timescales.

While this depends on the scope and scale of the project, one thing is always true. Cipher is quicker than humans!

Cipher reviews 61 million patents an hour. Most humans can get through about five an hour.

Typical service level agreements (SLAs) for Due Diligence Reports are three days. Law firms with a subscription to the platform say that preliminary reports can be produced in less than one hour.

It is essential to calculate the benefit of acquiring patents alongside cost. Typically, this will include elimination of threats or mitigation of patent risk. Strategic Patent Intelligence Models enable the value proposition to be articulated – to find out more look at  AI for evidence-based decision making and How many patents are enough?

Patent monetisation is mainstream but not appropriate for all companies. The recent Cipher Optimisation Report suggested that for the majority of companies, the primary objective is to neutralise threats, putting monetisation outside patent strategy. However, what is a core asset changes all the time, and it is important to keep the position under review.

Modelling helps you crystallise both the knowns and unknowns. Cipher helps identify how your patented technologies fit into the wider patent landscape, enabling an objective assessment of whether your assets are foundational or just another drop in the ocean.