Thomson Reuters Ventures invests in and supports the broader ecosystem focused on challenges across legal, tax, accounting, risk, fraud, compliance, and news markets.
The Series B round was co-led by Visionaries and 20VC with participation from Thomson Reuters, Y Combinator, and numerous angel investors.
"We recognised a clear market need for AI systems that truly understand the structure and logic of patents and can support professionals across every step of the process. By combining frontier research backgrounds with patent law experience, they set out to build an AI platform purpose-built for the realities of patent drafting, prosecution and analysis."
The fintech company has raised £2m from existing backers Thomson Reuters Ventures and Love Ventures to accelerate product development and commercial growth.
"We’re reinvesting in Detected because we have a strong belief in the company’s long-term potential. As customers, we have seen first-hand the impact the technology has, and we’re excited about the momentum that Detected has developed in the market."
The investment brings the company's total seed funding to £6m and will support international growth.
"We’ve put ourselves in a very strong position to deliver on our ambitious 2023 objectives. I am grateful for the support of our new and existing investors and we’ll now continue to show them that they have made a brilliant choice."
