Innography Drives Innovation Through New Funding Round
Company closes out $3.5 million in funding to fuel product, services and
AUSTIN, Texas -- January 30, 2014
Innography, the innovative software provider of better intellectual property
answers for improved business results, today announces the company has
completed a new round of funding aimed at fueling product expansion and
overall growth. Led by current investors Austin Ventures and Covera Ventures,
Innography raised a total of $3.5 million between July 2013 and January 2014.
In addition, this round was joined by an investment group led by Dr. Charles
Stryker, a current Innography board member. The company has also secured a new
$3.5 million line of credit from Comerica Inc.
“Market attention to patent analytics and intellectual property analysis is at
an all-time high and continues to drive demand for better IP answers,” said
John F. Martin, chairman and CEO of Innography. “We increased our growth in
2013 compared to 2012, and the additional capital is being leveraged to drive
The new funding and financing will be used to accelerate several growth
initiatives, including furthering product innovations and additional data
sources, adding to client success services, expanding globally and building
“Innography has market-leading technology in the Intellectual Property
Business Intelligence space and continues to invest in its product vision,”
said Chris Pacitti, general partner, Austin Ventures. “This round is focused
on accelerating key initiatives under John’s leadership to meet the global
As the innovation leader in IP analytics, Innography has leveraged the funding
received in recent months to launch and develop leading-edge solutions,
including PatentScout™, featured in its Fall 2013 release, an advanced patent
search tool for the entire enterprise. The Innography solution is also a
finalist for three separate CODIE Award categories, reflecting the value and
innovation of Innography’s software.
Innography provides better answers to questions about intellectual property to
help organizations improve their business results. Innography’s proprietary
software suite combines unique correlation and visualization technologies to
enable users to quickly gain valuable insights for managing, extending and
exploiting their patent portfolios. Founded in 2007 and based in Austin,
Texas, Innography is the world’s premier Intellectual Property Business
Intelligence (IPBI) provider. For more information about Innography, please
Join us on LINKEDIN. Follow us on Twitter @Innography.
anthonyBarnum Public Relations
Darryl Frost, 512-329-1974
Press spacebar to pause and continue. Press esc to stop.