![]() William Blair & Company, LLC served as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Anaqua. Evercore Inc served as financial advisor and Latham & Watkins LLP served as legal counsel to Astorg. ![]() The transaction is subject to customary regulatory approvals and closing conditions. ![]() “We wish the company and the management team well as they enter this next phase of scaling.” “Since our investment in 2013, we have enjoyed partnering with Anaqua to drive exceptional growth as the company has become a leader in the Intellectual Property industry,” said Richard Wells, Managing Director of Insight Venture Partners, Anaqua’s current controlling stakeholder. “Anaqua’s unique partnership with its clients combined with a clear vision to transform IP into business success will be a game-changer for the IP industry,” said Michael Beetz, Director of Astorg. “From our initial interactions with the Anaqua team, we recognized a unique ability to consistently deliver innovative market-leading, differentiated solutions,” said François de Mitry, Managing Partner of Astorg. “This is a clear vote of confidence in Anaqua’s direction, products, services, people, and clients.” “Astorg will be a great partner going forward and this strengthens Anaqua’s capacity to pursue strategic growth initiatives,” said Bob Romeo, CEO of Anaqua. Wondering who invested in Anaqua Astorg, Insight Venture Partners and Bessemer Venture Partners joined the equity holders in this innovative software company. With the integrated AQX platform, Anaqua’s customers can seamlessly access analytics and tech-enabled services to transform their IP assets into business success.Īstorg is exclusively focused on investing in global B2B niche market leaders with a clear vision and demonstrated ability to drive growth, create value and enjoy long-term relationships with their clients. This announcement follows the recent launch of AQX, Anaqua’s leading-edge software platform. The transaction will accelerate Anaqua’s global organic growth and acquisition strategy. ![]() You’ll recall that Insight Venture Partners in September took an extraordinary $50m minority stake in Kira Systems. As part of this transaction, Astorg will become the controlling shareholder of Anaqua, replacing Insight Venture Partners and Bessemer Venture Partners, both of which have been investors since 2013. In effect, IPRally doesn’t just read text, it strives to draw relationships between all the words and concepts in patent applications to generate the most relevant results.In a move that will be noted with interest by Anaqua’s many in-house clients including Siemens, GSK and British American Tobacco, Anaqua has announced that the business will receive a significant equity investment from Astorg, a leading European private equity firm. The company says it trained this neural network with data from millions of real patents, teaching it to “think” like that of a real-world patent examiner, but in a fraction of the time. Astorg to acquire Anaqua from Insight Venture Partners and Bessemer Venture Partners Astorg has entered into an agreement to acquire the majority of shares in Anaqua from funds under the management of Insight Venture Partners and Bessemer Venture Partners. The Helsinki-based startup touts a modern AI-powered alternative to other keyword-based search engines, one that promises to help users search and categorize patents more quickly and accurately - with explainability at its core.Ī big selling point is its underlying graph neural network that powers both technical and semantic understanding around patent data, meaning that the user is less reliant on exact keyword matches or technical expertise from an IP specialist. IPRally, a Finnish startup building a knowledge graph-based patent search engine, has raised €10 million ($10.8 million) in a Series A round of funding.įounded in 2018, IPRally is one of a number of emerging players looking to infiltrate a billion-dollar intellectual property (IP) management market dominated by incumbents such as Clarivate, Anaqua and Questel.
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