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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