Members receive efficient and low-cost access to the most valuable patents available worldwide in video technology. In the process, they receive protection from litigation risk and freedom to design and create without fear of assertions of patent infringement. The risk clearance is worth millions of dollars to some members.
We will acquire patents by aggregating membership fees paid to us from our members and will supplement with debt as needed to increase our ability to clear risk.
Our initial portfolio is comprised of patents originating from some of the world’s most recognizable companies, including Nokia Corporation, Alcatel-Lucent S.A., Siemens AG, Swisscom AG, Eastman Kodak Company, 3Com Corporation and Hewlett Packard Enterprise Company.
Our membership continues to grow as the industry understands and supports our approach. Our members include many well-known companies around the world, including Hewlett Packard Enterprise Company, Kudelski S.A. and Swisscom AG.
VideoLabs is led by IP licensing veterans who have spent two years cataloguing and analyzing the strengths and weaknesses of the more than 1.4 million active video patents worldwide. This superior knowledge base allows VideoLabs to pay patent owners fairly and to clear the risk that matters to its members.
Yes, we have closed a Series A funding round led by Soryn IP Group and Bardin Hill Investment Partners. Our long-term business model is based on industry funding.
We believe that the inefficient patent system needs to be addressed through a focused approach. With the explosion of video and more than 1.4 million active video patents worldwide, there is an urgent need for more efficiency in this area. By becoming the subject-matter experts on video patents and the video marketplace, we can make highly informed decisions quickly and focus our members’ contributions to be the buyer of choice for important video patents. This long-term solution will provide true, low cost design freedom to our members. We believe it will serve as a model for other industries.
We hope we never have to litigate, and it will never be our preference. But if we do, we commit never to profit from litigation. Any profit made from litigation will be invested into membership benefits.