Jeffrey believes that governments see the need for companies to raise innovation, perform more R&D, and file more patents to increase competitiveness and create more job opportunities. 

The inspiration for PatSnap came to co-founder Jeffrey Tiong when he was interning at a medical device start-up as part of the NUS Overseas Colleges programme in Bio Valley, United States. Jeffrey was tasked to conduct technical and business intelligence on the technology that the start-up was working on, and despite being trained in biomedical engineering, he found the process cumbersome and difficult to understand. Hence, Jeffrey set out to create a simplified one-stop platform for technical intelligence search upon his graduation from the Faculty of Engineering in 2007. 

He was fortunate to secure SG$55,000 in iJam funding from the Media Development Authority. With incubation support from NUS Enterprise, Jeffrey was able to kick-start his company. Within five years, the company developed the PatSnap Global Database and Analytics platform, which categorises patents through its in-house developed artificial intelligence and big data technologies, to help customers search for patents in a snap. 

PatSnap has been leveraging the opportunities to double its revenue each year since 2012. It currently has more than 8000 clients in over 40 countries, ranging from large corporations such as Lego, Ferrari and Starbucks to government and academic agencies such as NASA, MIT and the UK International Patent Office. To date, the team has over 700 employees worldwide and is growing fast. Jeffrey expects this growth to continue and is looking to expand the product line and geographical presence. 


NUS Overseas Colleges, Entrepreneurial Education, Entrepreneurship Support


Jeffrey Tiong attended NOC programme in Bio Valley


Graduated from NUS Faculty of Engineering

Company established

Incubated with NUS Enterprise


PatSnap IP Business Intelligence tool launched with more than 500 users globally

Subsidiary setup in Suzhou for market expansion in China


Seed round with NUS and Accel-X; TECS POC grant from SPRING


Patsnap Global Patent database launched


First in the market 3D Visual Patent Landscape tool launched


Series A Investment by Temasek’s Vertex Venture of USD $3.6m


PatSnap ‘Insights’ launched, providing business intelligence from IP data

Series B investment by Summit Partners as lead investor of USD $11m


Expanded into new London office for rest-of-world headquarters

Launched OneClick IP, a Chrome extension for competitor patent and trademark analysis

Series C investment led by Sequoia Capital of undisclosed sum


Series D investment of USD $38m led by Sequoia and Shunwei Capital