History

SIPX HistorySIPX (pronounced “sip-ex”) is a new web-based service, created to manage copyrights and deliver digital documents for the higher-education marketplace.

The research leading to the launch of the SIPX solution was
conceived in 2005, when scholars at Stanford University studied copyright issues within the overall realm of internet law. Over the next several years, both CodeX (Stanford’s Center for Legal Informatics) and Media X, a related Stanford research center, evaluated the challenges and opportunities for creating a marketplace for digital documents, with a particular focus on higher education. With funding from a corporate grant, the research team formed the Stanford Intellectual Property Exchange. The CodeX researchers deployed this system in the spring of 2011, by recruiting a small group of pilot Stanford professors. This proof-of-concept launch was successful, as measured by ease-of-use and cost reductions for all parties. Additional courses and students were added in each of the subsequent pilot deployments over the next six academic quarters.

In 2012, Stanford University and the CodeX team recognized the potential of bringing the SIPX platform to the broader higher-education market, and took steps to launch SIPX, Inc. as an independent company. We recruited a top-tier management team of technology industry veterans as well as publishing and copyright experts, signed an exclusive patent-licensing agreement with Stanford University covering the core patents developed in the years leading up to the Company’s formation, and attracted Board members well-versed in the distribution of digital content.

In October 2012, we closed our Series A funding in excess of $2.4 million, led by XSeed Capital, with participation from Mohr Davidow Ventures, Ulu Ventures, Konica-Minolta, Stanford University and leading individual investors.

We are currently running our sixth release at Stanford as well as our initial implementation for Coursera, a leading MOOC (massive open online course) provider, and will be broadening our educational and publishing partners and customers in 2013.