VirnetX says it raised $7.03M in ATM facility between Jan. 1 and March 14

VirnetX Holding Corp. (VHC), the patent licensing company fighting to secure a $439.7 million infringement verdict against Apple Inc. (APPL), said it raised about $7.03 million from selling shares under a $35 million at the market offering facility. The Zephyr Cove, Nevada-based company said the sales arranged by Cowen & Co. were made between Jan. [...]

DSS creates special purpose entity controlled by Fortress after second default on $4.5M in advances

Document Security Systems Inc. (DSS), the patent licensing company run by Jeff Ronaldi, said it created a special purpose entity to be controlled by Fortress Credit Co. LLC and other investors as the sole recourse to a second default that occurred on Feb. 13, 2018. The creation of the entity was disclosed in a filing [...]

By | February 17th, 2018|Financing, Patent Investing|0 Comments

Acacia Research Corp. leads $10M Series B funding round for Miso Robotics

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio Jr., said it led a $10 million Series B funding of Miso Robotics, the robotics and artificial intelligence company for restaurants and food providers. Newport Beach, California-based Acacia previously invested $2.25 million in Miso, as part of its strategy of investing [...]

By | February 15th, 2018|Financing, Patent Investing|0 Comments

(Update2) Acacia is latest patent licensing company to invest in cryptocurrency and blockchain business

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio Jr., said it invested $1 million for equity in Bitzumi Inc., a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace. Newport Beach, California-based Acacia is at least the second patent [...]

By | February 14th, 2018|Financing, Patent Investing|0 Comments

Start-up SyncThink says new patent’s application in virtual reality may be its most valuable and biggest driver of future profitability

SyncThink, the neuraltechnology start-up that is developing EYE-SYNC, an ocular-motor assessment device that can detect concussions in as little as 60 seconds, said it received its 12th patent related to systems and methods for creating and changing dynamic content based on eye-gaze analysis. Palo Alto, California-based SyncThink said the new patent US 14/530,598 gives it [...]

By | February 1st, 2018|Financing, Patent Investing, Product|0 Comments

Worlds gets $875k from exercise of warrants to fund IPR appeal, resume Activision action and new actions

Worlds Inc. (WDDD), the patent licensing company run by CEO Thom Kidrin, said it raised $875,000 from investors who exercised their warrants. The company plans to use the money to fund its appeal of an inter partes review scheduled for March 9 and the recent Wi-Fi One, LLC v. Broadcom Corp. ruling at the U.S. Court of Appeals for the Federal Circuit. [...]

By | January 30th, 2018|Financing, litigation, Patent Investing|0 Comments

Immersion needs new CEO to run aggressive enforcement campaigns against Apple and others

Immersion Corp. (IMMR), the haptic or sense of touch technology and patent licensing company that is pursuing aggressive enforcement actions against Apple Inc. (AAPL) and other large technology companies, needs to find a new CEO and probably needs to raise new capital if it’s to have the wherewithal to withstand Apple’s withering IPR attack on [...]

By | December 12th, 2017|exec changes, Financing, litigation, Patent Investing|0 Comments

Marathon Patent Group raise $5M in registered direct offering after 4-for-1 stock swap

Marathon Patent Group Inc. (MARA), the IP licensing and management company that is reverse merging with Global Bit Ventures, a crypto currency data mining company, said it raised $5 million from a registered direct offering of one million shares of common stock to be used for working capital and general corporate purposes. Los Angeles-based Marathon, [...]

By | December 11th, 2017|Financing, Patent Investing|0 Comments

Acacia Research says its investment in Miso Robotics in June totaled $2.25M

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio III, said it invested $2.25 million in Miso Robotics, a robotics and artificial intelligence startup. Newport Beach, California-based Acacia revealed the amount of the investment in a quarterly filing with the Securities and Exchange Commission. It previously announced in June [...]

By | November 8th, 2017|Financing, Patent Investing|0 Comments

Provenance Asset Group CEO McCurdy expects $150M a year in revenue by the end of first decade

Provenance Asset Group LLC, the new patent licensing firm run by CEO Dan McCurdy, is aiming for an underserved niche in the defensive patent aggregation market capable of producing revenue of $150 million to $200 million a year by the end of its first decade. McCurdy describes Provenance’s business model providing exclusive licenses to patent [...]

By | November 3rd, 2017|Financing, litigation, Patent Investing|0 Comments