Utah Patent of the Month – September 2022

DeepSeeAI, Inc. was founded in 2019 when a team of startup veterans decided to come together to build the critical infrastructure for automating business processes. They committed their time to bringing cutting-edge technology to business users so that they may take advantage of the benefits without needing any coding experience. As part of this mission, the company recently patented their predictive analysis systems which use machine learning.

The system is designed to review documents and conduct predictive analysis. This analysis tackles deals, contracts, and transactions, allowing a party to review a deal before it’s finalized with precision.

This has required extensive development with machine learning algorithms to achieve a truly reliable system. Their predictive analysis model parses documents and corresponding information repositories to identify key terms and deviations. For instance, if terms differ between an original and reworked contract. As the system is used, feedback cycles back into the model, training and improving the predictive analysis capabilities. 

DeepSee is constantly working to expand and improve their no-code platform and interface. From content extraction to data classification and predictive labeling, these automated processes contribute to better business outcomes.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

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