MaxVal Group, Inc. (“MaxVal”), a leading provider of intellectual property (IP) management solutions, is pleased to announce the integration of Relecura‘s advanced AI tools with the Symphony IP management platform. This powerful enhancement empowers users to conduct AI-driven, expert novelty searches and patent classifications from within Symphony, seamlessly and more efficiently.
Symphony, MaxVal’s comprehensive IP management platform, is designed to streamline and simplify the entire IP lifecycle. It offers robust capabilities for patent and trademark portfolio management, docketing, renewals, invention disclosure management, analytics, and collaborative workflows, helping organizations effectively manage and protect their intellectual property.
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Relecura, a recognized leader in AI-driven patent analytics and innovation intelligence, delivers sophisticated and secure technology solutions that transform patent data into actionable insights. Known for its powerful machine learning models and intuitive interfaces, Relecura enables organizations to expedite decision-making in innovation management by quickly identifying technological trends, evaluating similar intellectual property assets, assessing competitive landscapes, and analyzing pros and cons.
“At Relecura, we recognize that the power of AI can drive agility and efficiency in innovation management,” said Vanoj Krishna, Head of Engineering at Relecura. “Our partnership with MaxVal and integration with a leading IPMS like Symphony ensures that our common customers can easily tap into IP intelligence and related evaluations from Symphony. In our experience, this reduces the time taken from ideation to deciding on prosecution effort related to that idea by 30 – 50%. That is a significant value for our customers.”
The NoveltyAI solution from Relecura that is now integrated with Symphony enables users to efficiently perform comprehensive novelty searches directly from Symphony, providing inventors and patent review committee members cost-effective and instant feedback on patentability. Users will benefit from AI-generated summaries, relevance ranking, and advanced filtering capabilities to quickly assess prior art and streamline their innovation evaluation processes.
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ClassifierAI further simplifies patent classification by automating the categorization of patents, significantly saving time and improving accuracy, particularly with large data sets. It can be used to automate existing classifications, or enhance those classifications via AI recommendations.
“By integrating NoveltyAI and ClassifierAI into Symphony, we’re enabling inventors and IP professionals to evaluate patentability, competitive edge, and potential commercial success around those innovations through a single click, seamlessly integrated within their existing Symphony workflow,” says Ashwin Yadav, Chief Product Officer at MaxVal. “These advanced AI-driven capabilities reinforce MaxVal’s commitment to continuously elevating the value we provide our customers using cutting-edge technologies, and marks the start of another exciting phase in the evolution of our Symphony platform.”
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Source – PR Newswire
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