Daniel Ruskin began his profession when he was only 14 years old as a Coinbase engineer. As he says, he was a teenager “who knew how to encode and wanted to build cool things.”
Of course, too young to get a checking account, Ruskin did independent development works, which he found on Reddit in exchange for Bitcoin. There, he saw that Coinbase employs and boldly sent to the head of the Operation Cold E -Mail asking if he could work on cryptographic exchange.
“In short, I finally wrote most of the early software that driven the Coinbase platform,” says Techcrunch. “I did not write the V0 code database … but I wrote a lot of software that brought us from 1 to 10.”
After 4 years in Coinbase, Ruskin decided to go to college and then to a law school. Along the way, he began a few startups, including the electoral security company, in which he was prepared and won technology patent.
Frustrated with how “opaque” the patent process was, Ruskin in December 2024 launched a recent company with its registered office Inventex.
26 -year -old Ruskin says that Inventex wants to relieve the process of preparing and submitting patent applications using a series of AI agents prolonged by licensed lawyers. He believes that Inventex can assist firms get “10 times faster”-in a few days, not months that a traditional company can accept.
The concept quickly attracted investors and after just a month Ruskin collected $ 2.4 million in the initial round to make Grow Inventex. Fred Ehrsam, co -founder of Coinbase, co -founder of Coinbase and Cambrian Ventures, jointly financed financing, which also included the participation of Boost and others. The money was collected through secure at a valuation of $ 10 million.
Inventex is favored by the crucial technical data provided by clients, equivalent to code, design documents and technical specifications. Then he identifies what his clients invented, who meet the legal requirements regarding the possibility of patenting. This includes searching for earlier art or what was done earlier in the technical field of this client, in addition to “how our client is different,” said Ruskin.
Then the company develops and submits patent applications on behalf of the company in the United States and abroad.
Maxim Stepanenko, who collaborated with Ruskin in Coinbase, says Techcrunch that Ruskin impressively began to conduct the infrastructure of key payments at the cryptographic company “soon” after he began studying highschool. So when he heard about what Ruskin did with Inventex, he signed a contract with a small angel as part of financing before the seeded.
“He is thought out, rapidly moving and extremely good in navigation with complex systems,” said Stepanenko, who is the founder of a startup called Operator. “I have been following his work since then [working with him at Coinbase] And he was excited about the support of his new company. [He’s] One of the most quietly impressive people I worked with. “
“More incoming than we can deal with”
In addition to speed, Ruskin’s approach claims that Inventex’s approach also provides its clients’ patents.
“We tune the models especially for every technical area, and our agents are real experts in every technical field in which our clients work,” he said. Ruskin believes that traditional patent lawyers often do not understand the contours of protected inventions. Technical agents are supervised and improved by licensed lawyers.
Ruskin is convinced that Inventex has the right model to make it modern in this complex subset of legal services.
“Our competitors sell software as an automation of tasks with traditional offices, and the implementation is limited by their incentives, such as the billing model, and a wider payment program for specialist knowledge compared to the results,” he said. “We do it by providing a comprehensive service.”
Ruskin claims that the Inventex model is also generalized. For example, he said that Inventex is currently using one of his tools for automating MSPB complaints (US Merit Systems Protection Board) for tens of 1000’s of federal employees that have recently been released.
“Traditional companies cannot support this type of load,” he said.
According to Ruskin, there are still early days, but Inventex has about USD 250,000 annual revenues repeating in the pipeline, including two public firms and quite a few startups. Dirac is one that allowed the name.
“We have more coming than we can deal with,” said Ruskin.
Building unicorns
Ruskin also has specialist knowledge in fintech space. He joined the Checkr, the services of concert platforms to pay for his working strength, in 2022. Ruskin says, he helped to start Checkr Pay, “Start -up as part of the startup”. During his stay, Ruskin employed a team of three engineers and “built and introduced Neobank in about three to four months.” (Checkr collected $ 250 million With a valuation of $ 4.6 billion in 2021) Ruskin left this company in 2023 to graduate from the New York University, where he graduated from 10% of his class in 2024.
During his stay in Checkr, Ruskin met the Solo GP Cambrian Ventures Rex Salisbury, who described the young entrepreneur as “the highest speed engineer”.
“Ask an early coin team, and they will tell you the same thing that is quite unusual, considering that he was still in high school,” said Salisbury, said Techcrunch. “Daniel helped build two unicorns (Coinbase and Checkr) before graduation and since then graduated from the law and passed the patent bar. [He’s a] Quite a rare combination of talent. “
He added: “At this early stage you do not rate the company solely on the basis of what it is, but about what can be. It is already amazing, what Daniel built, but taking into account his speed, how he really excites me, how quickly he is made to build more.”
Making patents more available
Inventex has grown 2x a month from December, primarily through the referrals to the mouth and partnership with VCS. The company charges a monthly fee for building a patent portfolio. The fee includes the discovery of inventions, a drawer, notification and patent prosecution.
He currently has three full -time employees (all engineers) and several patent lawyers.
Inventex’s closest competitors are patented tools equivalent to Edge AND SolveAccording to Ruskin.
Before Inventex, Ruskin founded the theme in July 2024, which had the same concept, but with a co -founder who “did not leave”.
Looking to the future, Ruskin is considering offering tools for preparing Inventex as a white -marked product for legal firms so that they will license his tools “to get better patents, faster”.
“This is in line with our long -term vision of the field of patent law. Currently, 90% of the time to settle the time on the initial patent application seems to develop disclosure; 10% seems to be a strategy,” he said. “It will be the opposite in five years – the preparation will take 10% of the time, and the strategy will be a diverse service provided by companies. Ultimately, this reduces the costs of submitting a patent and makes the system more accessible to innovators of any size.”