Founded in 2007, PatSnap is a scientific and technological innovation and intellectual property information service provider. With the coverage of global deep structured scientific and technological innovation data, as well as excellent machine learning, generative AI and other large and small model algorithm capabilities, it provides scientific and technological innovation and intellectual property information services for global technology companies, universities, scientific research institutions, financial institutions, etc. It serves more than 12,000 customers around the world, covering more than 50 high-tech industries such as universities and research institutes, biomedicine, new materials, new energy, intelligent manufacturing, communication electronics, new energy vehicles, semiconductors, etc. PatSnap has been selected as a global unicorn enterprise for 3 consecutive years, and is the No. 1 enterprise in the Chinese market share of the "Global Intellectual Property Information Service" industry certified by Frost & Sullivan (2023). In 2021, PatSnap announced the completion of a $300 million Series E financing, led by Tencent and SoftBank Vision Fund Phase II, followed by CITIC Capital, and continued to be supported by old shareholders such as Sequoia China, Shunwei Capital and Vertex Investment.