Artificial Intelligence powered platform, MarqVision secured $20 Million in Series A Funding

MarqVision, a California-based maker of an Artificial Intelligence powered platform designed to protect human creativity and innovation in a digital world, has now secured $20 million in a Series A funding round.

MarqVision was founded by Mark Lee. It has developed technology that enables efficient removal of counterfeits and digital piracy, which includes NFTs, product images and more – by automating the traditional anti-counterfeiting and anti-piracy process end to end.

The company removes counterfeits from 1500+ global online marketplaces, covering social media, ecommerce and NFT platforms while requiring little time investment from the brands leveraging its service.

Cheuk Kim, Managing Director at Atinum Investment, said, "What the MarqVision team has done over the last two years is astounding. They’ve built a world-class, highly adaptable solution to a rapidly escalating and evolving problem – and they continue to extend its capabilities in impactful ways. No one else is doing anything remotely this advanced, and it’s possible in large part due to Mark’s background not only as a respected technologist and startup founder but as a legal expert with a specialization in trademark, copyright, and patent laws. He understands the holes counterfeiters exploit and is developing a new way forward."

Mark Lee, co-founder and CEO of MarqVision, said, "Creative assets are under assault in today’s digital world, with content owners left largely unprotected as consumers get hoodwinked into buying fake goods and NFTs by sophisticated counterfeiters. With this new round of funding, we can accelerate our mission of building the world’s first IP operating system to give brand owners full control of their IP portfolios."

The round was backed by Atinum Investments, DST Global Partners, Y-Combinator, Bass Investment, and SoftBank Ventures.

The AI startup, as of now, has plans to use the new funds to advance product development beyond its brand protection platform to create a new IP operating system that allows companies to create, manage, protect and monetize IP rights – all in one place.