MarqVision, a Los Angeles, CA-based maker of an AI-powered platform designed to protect human creativity and innovation in a digital world, raised $20m in Series A funding.
DST Global Partners and Atinum Investments joined previous investors Softbank Ventures, Bass Investment, and Y-Combinator.
The company intends to use the funds to advance product development beyond its brand protection platform to create a new IP operating system that also allows companies to create, manage, protect and monetize IP rights – all in one place.
Led by Mark Lee, co-founder and CEO, MarqVision has developed technology that enables efficient removal of counterfeits and digital piracy – including product images, NFTs, and more – by automating the traditional anti-counterfeiting and anti-piracy process end-to-end (most brands fight fakes by hiring monitoring agents to manually find infringements and fill out the paperwork, a labor-intensive process involving a lot of repetitive chores).
The company’s technology removes counterfeits from 1500+ global online marketplaces, covering ecommerce, social media and NFT platforms, while requiring little time investment from the brands leveraging its service. MarqVision is poised to extend its services in the coming months to cover all aspects of creation, management, protection, and monetization of IP rights through a single IP operating system. It currently helps global brands identify and remove counterfeits from more than 1,500 online marketplaces across the world.
FinSMEs
02/08/2022