MarqVision, a Los Angeles, CA-based company which specializes in online brand protection, raised additional $16M in funding.
The round was led by Altos Ventures, Y Combinator, and Quantum Light, bringing the total Series A raise to $36M.
The company intends to use the funds to scale as demand for its services surges worldwide.
Led by CEO Mark Lee, MarqVision aims to protect and build a future shaped by original ideas, innovations, and creativity. As an online brand protection solution, it helps global brands identify and remove counterfeits from over 1,500 platforms and thousands of rogue websites in over 118 countries. With its new Marq AI product suite, the company incorporates generative AI to become even more efficient and effective.
Its capabilities include:
- Conversational Assistant: Marq AI’s advanced Conversational Assistant can infer which messages are selling counterfeits across multiple languages, and gather the evidence that brands need for enforcement.
- Interactive, Intelligent Dashboards: Marq AI’s dashboards go beyond detection metrics, offering detailed insights into why each item is flagged as counterfeit. This ensures that results are both accurate and meaningful, avoiding artificially inflated detection volumes. Users can give real-time feedback on detections, allowing enforcement strategies to be tailored precisely to the brand’s needs.
- Automated Copyright Infringement Workflows: Marq AI’s Automated Copyright Enforcement Workflows transform the manual, time-consuming processes of website data collection, email dispatch, and enforcement actions into streamlined, automated solutions.
- Smart Enforcements: With customer collaboration, Marq AI’s models are continuously trained and improved throughout the counterfeit detection process. These models are now able to automate enforcement actions, such as generating soft notices and takedown reports, using a proprietary process called Full Self-Documentations (FSDs).
FinSMEs
02/10/2024