Hestia Insight Inc. has introduced Pat-Agent, a groundbreaking AI-powered patent service designed to transform how small and medium enterprises (SMEs) file patents with the USPTO. With potential cost savings of up to 80% and a reduction in filing timelines from two months to just ten days, Pat-Agent is set to democratize access to patent filings for over 234,000 SMEs annually. This innovation comes at a time when the legal AI market is projected to grow to $10.8 billion by 2030, according to MarketsandMarkets.
The confidence in Pat-Agent's efficacy is underscored by Hestia Insight's decision to use its own service for filing omnibus patents, achieving the promised cost and time savings. An early adopter of the service reported similar success, leveraging Pat-Agent to expand their claims into larger markets and establish a robust defensible IP moat. Edward Boyle, Chief Strategy Officer at Hestia Insight and the creator of Pat-Agent, highlighted the archaic and costly nature of traditional patent filing processes, emphasizing the untapped potential in the SME sector.
Pat-Agent leverages AI to analyze thousands of related patents swiftly, offering users comprehensive graphical maps of the patent landscape, objective scoring on USPTO patentability criteria, and predictions on examiner acceptance probabilities. This capability is particularly valuable given that about half of all patents face initial rejection. Pat-Agent not only identifies these rejections but also facilitates rapid amendments at a fraction of traditional costs.
For more information on Hestia Insight Inc. and its filings with the Securities and Exchange Commission, visit http://www.sec.gov. The launch of Pat-Agent represents a significant leap forward in making patent filings accessible and affordable for SMEs, potentially reshaping the landscape of intellectual property protection for smaller businesses.
