Know Your Enemy: Lex Machina Raises $2 Million For IP Litigation Analytics

It is a common perception that IP litigation is exploding, in part?because the patent system is allegedly broken. Enter Lex Machina, a Palo Alto based?company providing IP litigation data and analytics to help companies?"anticipate, manage, and win patent and other IP law suits," which?just closed another $2 million in a funding round led by X/Seed?Capital. Investors in this latest round include Costanoa Venture Capital?(founded by Greg Sands), Naval Ravikant (Angel List), Jeff?Hammerbacher (Cloudera), and David Chao (DCM). Prior investors include?Dan Cooperman (former General Counsel for Apple and Oracle) and Jerry?Yang (Yahoo!).

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