Stories of Technology, Innovation, & Entrepreneurship in the Southeast

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May 22, 2024 | Tom Ballard

State Farm offers a variety of patents for sale

The areas include AI, Blockchain, autonomous and electric vehicles, smart homes. and auto telematics.

As you probably thought, just like me, that State Farm was just an insurance company, we learned that it was actually an innovation company. In fact, State Farm has launched a new website highlighting some patent inventions for sale and the tech spaces where they can be found.

“As one of the most innovative companies in our industry, at State Farm we pride ourselves on creating the most advanced, leading-edge technologies to help keep our policyholders safe,” said Haden Kirkpatrick, Vice President – Innovation and Venture Capital. “We’re excited to launch our patent website to extend our Intellectual Property assets and help offer these advanced technologies to firms which share our mission of helping more people in more ways. As we look to the future, we see the opportunity to predict and prevent losses, keeping our policyholders and fellow citizens safer and better protected than ever before.”

The patents in this portfolio fall under a variety of buckets including:

  • Artificial Intelligence Software;
  • Autonomous & Electric Vehicles;
  • Blockchain;
  • Auto Telematics; and
  • Smart Home Technology.

State Farm says that employees are encouraged to think big when it comes to how the company can meet customers in new and different ways. Employees across the organization contribute to the growing patent portfolio.

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