Ankar, founded by former Palantir software employees, has raised US$ 20 million in a Series A round led by Atomico, with participation from Index Ventures, Norrsken, and Daphni. The company’s AI-driven platform aims to streamline and enhance patent registration and management, shifting intellectual property from a cost center to a strategic business asset.

Leveraging advanced AI models, Ankar’s system searches over 150 million patent records and 250 million scientific publications, automating prior art analysis and identifying the areas with the most significant potential for new patent filings. This approach helps legal and innovation teams focus on high-impact strategic tasks rather than manual research.

In a business environment where intangible assets, such as patents, represent a growing share of corporate value, the startup’s solution seeks to transform how companies protect and commercialize their intellectual property, reducing time-to-patent and associated costs.