Brainbase’s New Tools Let You Automate Your IP Lawyer. But Is It a Good Idea?

Sam Blake

Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

Brainbase’s New Tools Let You Automate Your IP Lawyer. But Is It a  Good Idea?
By Mark Van Scyoc, Shutterstock

The legal services industry has long been seen as slow to innovate. Two new products that interface directly with the U.S. Patent and Trademark Office aim to change that. Both are produced by intellectual property (IP) startup Brainbase.


File, one of those new products, applies to the beginning of a trademark's lifecycle, aiming to help companies apply for trademarks with the USPTO. Using AI and an API that plugs into the patent office's database, the technology searches the federal agency's data to ensure trademark availability, selects the proper classification among 45 options and completes the filing process.

The service is available to the first 2,000 users for a one-time fee of $199. That's on top of the $250 filing fee per registration with the USPTO. Hiring a lawyer to complete the trademark filing process can run several thousand dollars.

Brainbase's other new product, Vault, allows companies to import their trademarks – or a competitor's – from the USPTO into a dashboard. For a small monthly fee, users can track whether similar filings that may infringe on those trademarks enter the agency's data system, and can automatically trigger a cease-and-desist letter.

The two new products follow on the startup's beachhead product, Assist, which is already used by Buzzfeed, BBC and Sanrio among others to track the financial performance of their trademark portfolios and identify new exploitation opportunities.

Founded by mid-20s serial entrepreneur Nate Cavanaugh, Venice-based Brainbase sees itself as a technological disruptor of the stodgy IP space. The company has previously raised $15 million to automate intellectual property management, and was nominated one of L.A.'s hottest startups, according to the panelists in dot.LA's VC sentiment survey.

A screenshot of Brainbase's new Vault tool.

Image courtesy of Brainbase

The company's goal is to create an end-to-end suite of software that enables companies to manage the entire lifecycle of a trademark.

"To my knowledge this is the first trademark analytics offering that I've seen," said patent attorney Chris Palermo, who's worked extensively with startups in L.A. and Silicon Valley.

But, he cautions, relying exclusively on automated legal services could create more trouble than it's worth. In particular, sending a cease-and-desist letter without doing research may leave some companies wishing they'd ponied up for advice from a professional.


"Before you actually sign and send one of those, there's a lot you've got to think about," Palermo said. "For example, dispatching a strongly worded letter to another party may create declaratory judgment jurisdiction for that party, where they can sue you first."

Brainbase doesn't suggest its software should replace every company's legal team. In some cases, it highlights how it can help in-house lawyers work with other teams more effectively.

"We are unlocking this black box that is typically the domain of the lawyers and the legal team inside a company, and making the information easily accessible to anybody in the company: marketing, sales, HR," said chief product officer Gautam Godse.

"That allows for the revenue-driving folks and the legal folks to be on the same page," added communications director Greg Holtzman.

Making headway with companies that may wish to add visibility to their trademark portfolios outside the legal team could ruffle some feathers, however.

"They may see some pushback from in-house legal departments because, to some extent, this could threaten the business case for having a larger in-house practice," Palermo said.

Brainbase's new products took nine months to develop and were completed by a team of 15 developers, designers and product managers.

Now that it can offer end-to-end trademark services, Godse said Brainbase will look to expand into other countries, then to other forms of IP, starting with patents before moving to copyrights.

The company declined to disclose figures on its revenues or valuation.

https://twitter.com/hisamblake
samblake@dot.la

Subscribe to our newsletter to catch every headline.

This Week in ‘Raises’: Joby Aviation Lands $180M, Fourward Ventures Snags $50M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Raises
Image by Joshua Letona

A local aviation company raised fresh funding from return investor Baillie Gifford. The funds will be used to accelerate Joby’s early production, enabling the business to capitalize on near-term revenue opportunities. One Los Angeles-based venture capital firm closed its fund of $50 million with plans to invest in sectors including health and wellness and sustainability.

***

Read moreShow less

Airtable Co-founder Howie Liu Says AI Will Be A ‘Massive Sweeping Force’ In Tech

Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

Airtable Co-founder Howie Liu Says AI Will Be A ‘Massive Sweeping Force’ In Tech
Howie Liu

On this episode of Office Hours, Airtable co-founder and CEO Howie Liu talks about the inspiration behind his company, and shares his thoughts on the impact artificial intelligence will have on the tech industry.


Read moreShow less
https://twitter.com/spencerrascoff
https://www.linkedin.com/in/spencerrascoff/
admin@dot.la

GigXR's Mixed-Reality modules End Cadaver Shortages For Medical Training

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

GigXR's Mixed-Reality modules End Cadaver Shortages For Medical Training
Photo: GigXR

Santa Monica-based GigXR is aiming to meld mixed reality with real life to create the most immersive training experience for medics that don’t otherwise have reliable access to cadavers.

GigXR was founded by David King Lassman in 2019 to build realistic mixed-reality simulations. According to CEO Jared Mermey who was previously an angel investor and joined the company in February 2022, using a mixed-reality learning module allows for “basically unlimited repetition,” and added, “there’s no marginal cost to using software.”

It’s an interesting proposal, particularly for members of the armed forces. Mock surgeries, Mermey said, often are time-consuming to set up and break down. Not to mention that there’s long been a shortage of cadavers to learn from. To that end, Mermey envisions a time where combat medic training is as simple as putting on a headset or picking up a smartphone.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending