Intellectual Ventures spinoff Xinova lays off staff as invention network company aims for profitability

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Xinova CEO and founder Edward Jung.

Seattle-based “invention network” company Xinova cut staff today, GeekWire has learned. A company spokesperson declined to provide details about how many employees were let go.

Xinova spun out of Seattle-based Intellectual Ventures in 2016 and operates a network of more than 12,000 inventors

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