On Tuesday, Patented.ai, founded by serial tech entrepreneur Wayne Chang, announced it has secured $4 million in a pre-seed funding round led by Steve Anderson of Baseline Ventures and including law firm Cooley LLP, according to the press release.

The funding follows the May 2, 2023 release of LLM Shield, an AI-powered tool that protects sensitive legal data and intellectual property from being leaked through LLM-powered chatbots like ChatGPT, Bing, BARD and Claude. LLM Shield stops users from inputting such information into the chatbots in the first instance. The press release also announced that Patented.ai is now offering free access to a personal edition of LLM Shield.

Inside the Funding

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]