Evalify

Evalify: AI-Powered Patent Risk Assessment for Startups

What is Evalify? Evalify is an AI-powered platform designed to help investors, attorneys, and entrepreneurs make better investment decisions by scoring startups based on their patent risk. It essentially provides a "credit score" for a startup's intellectual property (IP).

How does Evalify work? Evalify uses custom AI models to analyze global patents, benchmarking assessed ideas against approximately 200 million patents across 170 jurisdictions. The process involves:

1. Submission: Uploading a pitch deck or product/tech brief.
2. Search: Evalify benchmarks the assessed ideas against ~200M patents.
3. Scoring: Receiving a preliminary Freedom to Operate (FTO) assessment and score within minutes.

Key Features and Benefits

• AI-Powered: Rapidly assess patent landscapes and potential infringement risks.
• Freedom to Operate (FTO): Assesses a startup's patent risk to maximize ROI.
• Fast and Cost-Effective: Delivers reliable patent infringement risk analysis at scale.
• Secure Measurement: Designed for confidentiality, ensuring secure analysis and confidential results.
• Instant Insights: Provides preliminary patent clearance and automated FTO assessments faster than other methods.

Evalify assigns startups a score from 250 to 900, uniquely tailored to the context of IP and patent risk assessment. A lower score indicates a need for thorough due diligence, while a higher score suggests promising opportunities with clearer paths to freedom of operation.

How to Use Evalify

1. Upload Documents: Submit a pitch deck or product/tech brief to the Evalify platform.
2. Receive Assessment: Evalify's AI algorithms will analyze the documents and benchmark your idea against millions of patents.
3. Get Your Score: Receive a preliminary FTO assessment and a score reflecting the patent risk.

Who Can Benefit from Evalify?

• VC, angel, and institutional investors
• Venture studios and corporate innovation departments
• Legal departments
• Startup incubators and accelerators
• Founders and entrepreneurs
• Consultants
• Startup competitions, hackathons, and universities
• Technology transfer offices

Why is Evalify important?

• Derisking Decisions: Evalify helps in derisking investment decisions by providing insights into potential patent-related issues.
• Efficiency and Accuracy: It enhances the efficiency and accuracy of the decision-making process.
• Early Patent Clearance: It facilitates early patent clearance, which is crucial in identifying potential legal barriers.

Evalify's Impact

Evalify simplifies identifying originality, competitors, and potential legal dangers, making it an invaluable tool for anyone involved in startup investment or development.

According to Christian Nordkvist, Evalify enhances the efficiency and accuracy of your decision-making process by adding an extra layer of diligence.

Evalify Edit Mode

Evalify’s Edit Mode emphasizes the significance of conducting initial, comprehensive, and recurrent FTO analyses in the product development and innovation lifecycle. This ensures that enterprises preserve their competitive advantage and adeptly navigate through possible IP complications.

Transforming Legal Workflows

Evalify is recognized for revolutionizing the Legal Tech space by streamlining processes, enhancing efficiency, and transforming the industry.

Where can I learn more about Evalify?

Visit the Evalify website to schedule a demo and see the platform in action. You can also subscribe to their newsletter for updates on startup investment trends and product features.

Evalify’s AI models analyze global patents to help discover your next big tech startup and offer investment confidence.