PatSnap: one of the fastest growing tech companies, led by a highly accomplished team

 

Like the incredible companies that we work with every day, at PatSnap we are always looking forward – but just because we treat every day like Day 1, that doesn’t mean we can’t look back and be proud of all the Day 1’s that got us here to begin with. Our Series D funding was announced only a few months ago, but since then, we’ve made a lot of progress.

Our product team has been working non-stop alongside our clients to bring three brand new offerings to the table in PatSnap Bio, PatSnap Connect and PatSnap Discovery – each designed to enhance the way people involved in innovation conduct their research and data analysis.

Looking back over the past month in particular, has caused us to really consider the impact that our solutions are having on the world of business. The success of PatSnap is inextricably linked with the success of our clients – and we firmly believe that R&D has for the most part been ignored for too long by the SaaS revolution. We’re trying to improve the R&D productivity gap through cutting edge technology – and it seems our clients like our approach.

Tech Track 100

The Sunday Times Hiscox Tech Track 100 is an annual report that ranks the 100 fastest growing private technology companies in the United Kingdom. We are proud to say that this year, PatSnap was listed as 25th in the Tech Track 100, just behind currency transfer giant TransferWise.

This is a huge validation for us that the work we are doing is really bringing value to our end-users – given the vast sums of money being invested in innovation worldwide, and the financial risks involved – innovators need tools that can help them make better informed decisions, faster.

The past month was made even more special, because two of our founding members that made PatSnap possible were recognised.

PatSnap - Jeff and Ray

Jeffrey Tiong (right), our CEO who founded PatSnap from inside a disused shipping container at the National University of Singapore back in 2007, was named in September as EY Singapore’s Entrepreneur of the Year for analytics intelligence.

The EY Entrepreneur of the Year is an annual awards program that honours Singapore’s top entrepreneurs for their contributions to the economy and society. The winners of the award were selected from more than 40 nominations by an independent judging panel.

After starting the company in Singapore, Jeff soon opened offices in China. PatSnap now has offices in London, and recently opened its first and second North American offices in Los Angeles and Toronto. PatSnap now spans East and West, with over 750 employees and 8,000 clients worldwide. One wonders how that shipping container is being used now… (we’ve since moved our Singaporean offices).

Ray Chohan (left), our SVP of Corporate Strategy who founded our London operations from his living room in 2012 - after a chance meeting with Jeff at Disneyland Anaheim - was just announced by Business Insider as one of the 100 coolest people in UK tech – and quite a list it was, too.

Other visionaries and influencers that made the list include Sir Tim Berners Lee, Allister Heath, Eileen Burbidge, Jimmy Wales, Sadiq Khan, Charlie Brooker, Azmat Yusuf, Will Shu – the list goes on and on (up to 100!).

Under Ray’s stewardship, PatSnap grew from zero to 80 UK employees by the end of 2015, and now employs over 200 people at our headquarters in southwest London.

The past few months have been full of positivity at PatSnap – and we’re really proud of Jeff and Ray for being recognised for their enormous contribution to this industry. We take each of these acknowledgements as validation that we’re doing something right, and we look forward to working with our clients to continuously improve our offerings and create even more exciting and innovative solutions.