St. Louis-based legal tech startup, Juristat, known for its patent analytics and workflow automation solutions, has secured a significant investment from MBM Capital, marking a pivotal moment in its trajectory.
The precise amount of the investment remains undisclosed, but Juristat’s CEO, Drew Winship, expresses enthusiasm about the strategic collaboration, emphasizing its potential to fuel ambitious projects and strategic alliances. Winship highlights the infusion of capital as instrumental in propelling the company forward.
Formerly known as Datanalytics, Juristat rebrands as Juristat, Inc., aligning with its evolution and expansion plans. The investment’s proceeds are earmarked for bolstering the team and amplifying the core products and services, with a relentless focus on enhancing the client experience.
Juristat’s suite of workflow automation products harnesses the power of AI to streamline administrative and operational processes inherent in patent law firms and corporate in-house teams. These tools significantly reduce expenses while simultaneously boosting efficiency and accuracy.
Arun Mittal, Managing Partner at MBM, applauds Juristat’s commitment to transparency and equity within the patent system, coupled with its embrace of cutting-edge technologies. He expresses MBM’s excitement about joining Juristat on its journey.
Since its inception in 2013, Juristat has emerged as the go-to platform for predicting patent examiner behavior and refining business development strategies for patent attorneys. The company boasts an impressive clientele, including a quarter of the top patent law firms and tech giants like Taiwan Semiconductor Manufacturing and Lenovo.
The partnership with MBM opens up new avenues for Juristat, promising positive impacts for customers, partners, and team members alike. Winship echoes this sentiment, expressing excitement about the possibilities that lie ahead.
Juristat, Inc. specializes in data analytics and workflow automation, empowering law firms and companies to optimize prosecution outcomes, make strategic decisions, and streamline patent acquisition processes at the USPTO.
MBM Capital, known for investing in tech companies with promising products and strong teams, focuses on catalyzing profitable growth and engineering successful exits across various sectors, including HR tech, fintech, data, and ecommerce.