Clairvolex IP solutions Pvt Ltd, which is an Intellectual Asset Management and solutions firms have now secured $3.5 Million in the funding round of Series B led by the California based Venture Capital firm Walden Riverwood Capital.
In a report, Clairvolex revealed that the existing investor IndusAge Partners, which is a tech-based venture, also contributed.
Clairvolex, which operates out of both India and US, had earlier secured $8 Million as a part of its series B funding round. The latest tranche takes the total capital secured across the startup series A and Series B rounds to be around $15.5, Millon, according to the report which has been revealed.
Clarivolex revealed that it had sued the funding to build and launch the LEAP-AP, which is an AI-based IP solutions platform. It will use the fresh funding round to boost the new product market penetration as well as to expand its marketing and sales presence in Europe and the US. The company is also looking to add more engineering and data science capabilities at its California and Bangalore centres.
Founded by the Pillai in the year 2007, Claivolex states that it has clients in various sectors, and that helps them by combining the intellectual capital with its proprietary technology to manage and address issues which are surrounding by the trademarks and patents.