Iprova’s Revenue and Competitors

Iprova uses advanced machine learning and other technologies to augment human intelligence so that we can create commercially relevant inventions with a speed and diversity not previously possible. The company has been successful in creating hundreds of inventions, which have been the subject of patent filings by some of the world's leading technology companies. We have delivered inventions in diverse physical science-based industries including next generation mobile devices, wearables, 5G telecommunications, autonomous vehicles, blockchain and healthcare. Inventions generated by Iprova complement those produced by our customers' own research and development teams, and drive the development of new products and services across a diverse range of market and technology areas. Ruud Peters, formerly Chief IP Officer at Philips and now a senior adviser at Philips Group Innovation, states that: “Iprova is a valuable partner for Philips. They complement our own research activities with their out-of-the-box inventions and they help us to generate IP where and when needed. I am very impressed by their technical expertise and advanced thinking”. Bill Fischer, Professor of Innovation Management at IMD, commented: "The single biggest revolution in innovation over the past decade has been an increased reliance on external idea sources to find the “next new thing”. What I find so interesting about Iprova is that it provides a “smart” way of doing this. The result is that Iprova has been able to raise the probability of innovation payoff". Martin Jaggi, Tenure-Track Assistant Professor at the Machine Learning and Optimization Laboratory at EPFL, added: “The AI and machine learning methods of Iprova are state-of-the-art, and it is a great pleasure to collaborate with their very skilled and motivated development team on research projects jointly with EPFL”.