Press Release: CDL Update!

XLSCOUT has successfully navigated its access through the first session of mentors from Creative Destruction Lab (CDL) which includes technical experts AND mentors. Mentors that decided to support XLSCOUT include Venture Investors and AI experts.

XLSCOUT, a leading explainable AI platform for technology and competitor analysis and a MARS Portfolio Company, recently announced that it was accepted to Creative Destruction Lab (CDL). Creative Destruction Lab (CDL) isa non-profit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies

Through this collaboration, XLSCOUT plans to leverage CDL’s market intelligence, expert mentorship, and connections to investors, resources, customers, and partners. CDL will support XLSCOUT with advice on capital, sales, marketing, talent and recruitment, and regulatory services.

Additional News:

XLSCOUT has successfully navigated its access through the first session of mentors from Creative Destruction Lab (CDL) which includes technical experts AND mentors. CDL Mentors are made up of a carefully selected group of exited entrepreneurs, angel investors, and partners from leading venture capital firms. These mentors often invest in ventures that demonstrate a track record of achieving their objectives. Mentors that decided to support XLSCOUT include Venture Investors and AI experts.

Investments:

XLSCOUT had earlier announced an infusion of capital against equity by a central California-based Individual Investor with additional support as and when needed. This investment will provide confidence and support of Investors in the US with support from Canadian/US ecosystems.

New Technology Update:

XLSCOUT has recently launched its Invalidator+ tool that utilizes state-of-the-art Patent ParaBERT technology to conduct patent invalidity searches. XLSCOUT also successfully tested its smart translation technology that provides accurate translation of text from one language to another.

About CDL:

Creative Destruction Lab (CDL) is a nonprofit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies.

CDL has designed a new approach to enterprising research and innovation, nurturing an entrepreneurial mindset through expert opinion, funding opportunities, research analysis, and business development support.

About XLSCOUT:

XLSCOUT engineered global patent data with best-in-class Artificial Intelligence (AI) technologies to develop the most accurate, comprehensive, and intelligent patent database.

Our AI technologies are based on a glass box approach and not a black box approach, making them explainable to the users. We believe that this transparency helps in the adoption of this new-age technology, giving more confidence to our users. Furthermore, our explainable AI-based Taxonomy Builder has been adopted by many global companies with a validated accuracy of 95%. XLSCOUT also has the World’s largest DATASET of Problems (In Patents) to track problems that your competitors or technology peers are solving.