Home » Technology » Marqvision: AI Startup Battles $3 Trillion Counterfeiting Market

Marqvision: AI Startup Battles $3 Trillion Counterfeiting Market

by Rachel Kim – Technology Editor

From harvard law too AI-Powered brand Protection: marqvision​ Secures $48M‌ Funding

marqvision,⁤ a company founded on the principles of brand protection and⁣ now leveraging artificial intelligence, has announced a $48 million funding round. The company, led by founder ⁤[Founder’sName-[Founder’sName-[Founder’sName-[Founder’sName-not provided in text], ⁤is rapidly evolving from a‍ focus on counterfeit‌ detection to⁣ a comprehensive AI-led services platform for intellectual property (IP), content, and ​brand management.

the company’s trajectory has been ‌marked by meaningful revenue growth. MarqVision reached $1 million in annual recurring revenue (ARR) within eight months of launch, scaled‍ to $10 million in three years, and recently surpassed $20⁢ million ARR after four years, consistently doubling its ⁣revenue year-over-year. The company has set a goal of achieving $100‌ million ⁤ARR by mid-2027.

Initially focused on identifying and removing counterfeit products online, MarqVision has broadened its scope to help brands recover lost revenue. Clients are reporting, on average, ​a roughly 5% ‍increase in‌ sales through the platform, demonstrating its value‌ to both legal and go-to-market teams. This⁢ shift reflects a ‍broader ⁤industry ⁤trend where ⁣”services” are being redefined by AI, ‍offering software-like scalability and efficiency.

The funding round was backed⁤ by Peak XV, HSG, and Salesforce Ventures, signaling strong investor confidence in MarqVision’s vision. The company’s positioning has ⁢evolved from being perceived as‍ a “software company‍ with humans ‍in the ⁢loop” to a leader in the emerging AI-led services ​space, ​attracting increased competition in its latest funding round.

MarqVision currently serves ‌over 350 customers ⁣globally,⁤ spanning diverse industries including fashion, luxury goods, gaming, pharmaceuticals, entertainment, automotive, and consumer electronics. The platform’s capabilities extend beyond⁣ customary brand protection – encompassing detection and removal⁤ of infringements – to ‌encompass full brand control, enabling‌ companies to manage their presence across e-commerce platforms, social media, websites, and ‌chat⁢ platforms.

Looking forward, MarqVision plans ⁢to expand into brand intelligence, providing insights into supply chains, pricing strategies, and reseller networks. The company aims to become a foundational platform for global‍ brands ⁢owning IP, offering a comprehensive AI-driven solution for⁢ IP, content, and brand professionals worldwide.

Note: The founder’s name was not ‌provided ‌in the original text.​ I have⁤ indicated where⁢ it should be inserted.I have also preserved all‌ verifiable facts ​and avoided any speculation or fabrication.

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