Salt Lake City, Utah—April 22, 2019—Wrench.AI today announced it has received a seed investment from Ideaship, a patent capital fund that provides fundraising support for early stage startups. The investment will support Wrench.AI’s efforts to patent the AI technology that drives its marketing and sales platform.
Ideaship is a collaboration between Global Technology Transfer (GTT) Group and Panasonic Intellectual Property Corporation of America (PIPCA). The fund works with startups developing transformative technologies to articulate their patent value, and provides they capital they need to finance patent filings, a costly process that can take up a significant percentage of a startup’s operating budget.
“We recognized in the Wrench.AI platform’s technology has the potential to dramatically alter the way marketing and sales teams segment their data, apply lead scores, and develop marketing and sales campaigns, allowing them to save time, money, and add personalization at scale,” said Michael Lubitz, founder and managing director of GTT Group and Ideaship co-founder.
“Wrench.AI technology looks to change the nature of communications as a key industry driver for marketers. We look forward to seeing the impact and influence the platform will generate”, echoed Masa Murayama, Ideaship Co-founder and Director of Open Innovation for Panasonic Intellectual Property Corporation of America.
“It’s a privilege to be partnering with the Ideaship team,” said Dan Baird, CEO of Wrench.AI. “Every team member has been a pleasure to work with. That a team with this much patent experience sees the opportunity in our novel approach is just humbling. We look forward to learning from these IP experts and to a long-term relationship.”
Wrench.AI, a B2B2C startup founded in 2017, is based in Salt Lake City, Utah. We’re changing the game with our machine and deep learning technology by empowering your marketing, sales, and support teams to quickly uncover meaningful insights, kickoff relationship-building and personalization initiatives, and scale them—all without compromising users’ trust. For more information, please visit https://wrench.ai.
Ideaship is comprised of world-renowned experts at understanding, articulating, and activating patent value. Ideaship maximizes the potential of an enterprise’s value in relation to fundraising, go-to-market, and acquisition or IPO. Ideaship combines the wisdom and experience of GTT Group’s patent analysis, valuation, and monetization practices with PIPCA’s world-leading patent department. For more information, please visit https://www.ideashipfund.com.