Tradespace Acquires AI Patent Drafting Startup Paragon
Tradespace is pleased to announce its acquisition of Paragon, a patent-drafting startup that developed transparent, traceable artificial intelligence to draft reliable patents. With this acquisition, Tradespace becomes the first AI-powered platform to support the entire IP life cycle: from initial invention disclosure through patent drafting, prosecution, portfolio management, and commercialisation.
The acquisition comes as organisations face mounting pressure to accelerate innovation while keeping legal costs in check. This is becoming increasingly difficult within the traditional patent drafting model, which can take months and cost tens of thousands of dollars.
“When I founded Tradespace, the vision was clear: empower organisations to develop, protect, and commercialise ideas at a much greater scale”, said Alec Sorensen, CEO and Co-Founder of Tradespace. “In acquiring Paragon, we are investing not only in democratising the patent drafting process, but in building an approach to legal AI that works alongside IP teams with the same levels of trust, transparency, and expertise they would get from a lawyer. With the Paragon team, we also get a unique combination of IP expertise and deep AI research that enables us to continue pushing the boundaries of lawyer-grade AI.”
Paragon generates accurate, defensible patent drafts with full traceability to source materials, providing R&D and IP teams with confidence that every claim, citation, and technical detail can be verified and defended. Unlike other AI patent tools, Paragon’s agents work alongside users and maintain control at every decision point, with verification checkpoints that ensure accuracy and uphold professional IP standards. This human-AI collaboration addresses the legal industry’s biggest concern: trusting AI with high-stakes professional work.
“Tradespace has changed how we capture and evaluate ideas across the company,” said Ilan Hornstein, Global Vice President and Deputy General Counsel, 8×8, Inc. “We’re moving faster, from invention to patent, and using AI to do it smarter. That efficiency enables us to focus our outside counsel on higher-value work and bring innovation to market sooner. The Paragon acquisition reinforces why we partnered with Tradespace in the first place: they’re building an AI-native IP platform designed for speed, clarity, and impact.”
Abdur Rahman (AR) Bhatti, Paragon CEO and Co-Founder, joins the Tradespace team as Head of Product, Patent Drafting, and will continue to develop the technology to ensure seamless integration with Tradespace’s broader IP Management Platform. Paragon’s CTO, Ethan Haque and Chief Engineer Claire Shin join Tradespace as senior members of the AI research team.
“For me, it’s always just been about where this technology is going to serve the most people,” said Bhatti. “We wanted to make patent drafting accessible to innovators who needed it. Joining Tradespace makes sense as a natural fit. We get to integrate as a link in the chain of what is already a powerful product.”
Paragon and Tradespace share a mission-driven commitment to accelerating innovation. Both companies are building AI that empowers inventors and innovators to protect their ideas seamlessly, with complete transparency, traceability, and human control at every step.
About Tradespace
Tradespace is the first end-to-end AI-powered platform for intellectual property management, helping IP teams transition from reactive portfolio management to proactive invention development and commercialisation. Founded by seasoned IP leaders and technology specialists, Tradespace supports the complete IP life cycle – from initial invention disclosure through AI-powered patent drafting, prosecution, portfolio management, and commercialisation.
