Instacart is strengthening is online platform by acquiring more than 250 patents from IBM to help the online grocery platform provide more innovative offerings for customers, shoppers and retailers.
Instacart is also partnering with IBM by entering into a mutual patent cross license that will allow Instacart to strengthen its own patent portfolio. The license gives Instacart freedom of action to use IBM patents in the future growth of its business.
"We're pleased to have an innovation partnership with IBM. This acquisition of patents from IBM and licensing agreement provides us with stronger intellectual property protection and gives us even more freedom to innovate for all the customers, shoppers and retailers who rely on our platform," says, Edison Lin, Intellectual Property Counsel at Instacart.