SaaS startups have become the darling of Venture Capital investors, especially in the Intellectual Property industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 2 VC funded SaaS startups in the Intellectual Property industry.
Fracttal provides 100% mobile, cloud-based intelligent maintenance and asset management software (CMMS/GMAO/EAM). These technologies give businesses the ability to manage maintenance in a way that is more effective, safe, and ensures the integrity and continuity of their operations as well as the safety of their employees. The shown gains include a reduction in operational hazards and asset failures of over 25%, an improvement in maintenance costs of at least 15%, and an increase in productivity of over 35%. With approximately 1000 clients, including Acciona, Unilever, Iberostar, Veolia, and FedEx, Fracttal targets major multinationals and SMEs in a number of business sectors, including manufacturing, facilities management, energy, and transportation, where it already has a sizable presence. Companies may remotely manage all maintenance tasks for any sort of asset, including equipment, vehicles, machinery, and buildings, using Fracttal One, the company's flagship product, from any device. This clever technology, a front-runner in some of the most renowned rankings in the world, enables real-time teamwork across various work teams and interfaces with any ERP. By minimizing mishaps and unexpected downtime that can cause delays, lost revenue, and accidents, Fracttal One enhances decision-making, increases efficiency, and increases the usable life of physical assets. Additionally, Fracttal created Predictto, an AI-enabled system for predictive maintenance that enables businesses to foresee failure scenarios with a high degree of accuracy. Predictto uses big data and machine learning to do this, recognizing asset behavior using unique reliability and degradation models.
MOLTEN CLOUD gives media content owners more authority. MOLTEN CLOUD streamlines crucial business processes for media and entertainment companies. It links and digitizes rights, material, and financial processes for film and television companies. Teams utilizing MOLTEN are given the tools they need to increase productivity, save costs, and monetize content more thoroughly. This cutting-edge cloud infrastructure, developed by MIT researchers in collaboration with business experts, currently contains more than 200 million film and television rights.