MarqVision, a Los Angeles, California-based AI-driven intellectual property (IP) protection company, has raised $16 million in Series A+ funding.
The company also launched Marq AI, a generative AI-powered platform designed to offer brands enhanced protection against counterfeit items.
Investors
This funding round saw participation from new investors Altos Ventures, QuantumLight, Smilegate Investment, and Hillspring Investment, while existing investors Y Combinator (YC) and Atium Investment continued their support. This brings MarqVision’s total Series A investment to KRW 50 billion (USD 36 million).
MarqVision Use of Funds
The company will use the funding for further development and expansion of its services.
About MarqVision
MarqVision is an artificial intelligence (AI) company specializing in intellectual property (IP) protection and management. The company focuses on providing innovative solutions that help brands protect their IP rights by addressing issues such as counterfeit products, illegal content, brand impersonation, and unauthorized sales. MarqVision operates in 1,500 marketplaces across 180 countries, utilizing AI technology to monitor and address IP infringement in real time.
Funding Details
Company: Marq Vision Inc.
Raised: $16.0M
Round: Series A+
Funding Date: October 2024
Investors: Altos Ventures, QuantumLight, Smilegate Investment, Hillspring Investment, Y Combinator, Atium Investment
Company Website: https://www.marqvision.com/
Software Category: IP Protection and Management
Source: https://wowtale.net/2024/10/04/230637/