MarqVision Raises Series A

As of 2020, the clothing sector lost about $27 billion in annual sales due to counterfeits, an illicit trade that results in huge losses to both brands and buyers. MarqVision is looking to solve that with an AI-powered intellectual property (IP) protection platform that monitors both e-commerce marketplaces and digital content, automatically detecting counterfeits and removing them from online sales and distribution. And now, the startup has raised $20 million in Series A funding to continue expanding its platform.