MarqVision, a Los Angeles, CA-based next-generation, AI-powered IP protection platform, closed a $5m seed funding round.
Backers included SoftBank Ventures, Y Combinator and Bass Investment.
The company intends to use the funds to expand the infrastructure, increase enforcement capabilities in Asia, launch its newest product, an anti-piracy software to protect global content in the gaming, entertainment and animation industries.
Founded in 2020 by Harvard Law graduates and led by CEO Mark Lee, MarqVision helps global brands identify and remove counterfeits from online marketplaces like Amazon and Alibaba in over 30 countries. Its technology allows brands to automatically monitor and protect their IPs harnessing image recognition and natural language processing.
The funding follows MarqVision’s graduation from the technology incubator Y Combinator as a summer 2021 cohort, where it further developed its platform to automate the detection and reporting of counterfeits through image recognition and semantic analysis.
The company expects to hold another raise in 2022.
FinSMEs
28/09/2021