News: Lightbringer raises $10 million in Series A funding

What is the history of patents?

Modern patent systems trace back to statutes like England's Statute of Monopolies in 1624 and the US Constitution's IP clause in 1787, both designed to grant inventors temporary exclusivity in exchange for public disclosure. The core bargain, disclosure in exchange for limited-term exclusivity, has remained largely unchanged even as the technology being patented has transformed completely.