IBM (IBM) Announces Instacart Acquires Over 250 Patents
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Instacart Acquires Over 250 Patents From IBM
February 9, 2021 4:00 PM ESTARMONK, N.Y. and SAN FRANCISCO, Feb. 9, 2021 /PRNewswire/ -- IBM (NYSE: IBM) and Instacart, the leading online grocery platform in North America, announced today that Instacart has acquired over 250 patents from IBM. In addition, IBM and Instacart entered into a mutual patent cross license. The agreement allows Instacart to continue to strengthen its own patent portfolio, and the license gives Instacart freedom of action to use IBM patents in the future growth of its business. Financial terms were not disclosed.
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