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MarqVision Raises $16 Million in Series A+ Funding
Source: MarqVision

MarqVision Raises $16 Million in Series A+ Funding

Philip Lee profile image
by Philip Lee

Los Angeles, CA—MarqVision, the company said on Sunday, has secured KRW 22 billion ($16 million) in Series A+ funding and launched a new AI-powered product called "Marq AI."

The investment round was led by new investors Altos Ventures, QuantumLight, Smilegate Investment, and Hillspring Investment, with participation from existing investors Y Combinator and Atinum Investment.

MarqVision has completed its Series A round with a total investment of 50 billion won ($36 million). 

The company reported that its revenue grew more than 30 times in Q1 2024 compared to Q1 2021, reaching an annual recurring revenue (ARR) of KRW 13.7 billion ($10 million) within three years of launching its service.

The newly launched Marq AI integrates MarqVision's existing services, MARQ Commerce and MARQ Content, incorporating generative AI to enhance brand and IP protection services. 

Key features include a conversational assistant, an intelligent dashboard, and a fully automated content reporting process.

MarqVision CEO Mark Lee stated that the company aims to create an all-in-one IP operating system for 1,000 brands and content companies within two years.

The firm provides real-time detection and enforcement solutions for counterfeit goods, unauthorized sales, illegal content, and online impersonation across 1,500 marketplaces in 180 countries.

Miles Weddle, Director of Strategy at Denim Tears, a major client of MarqVision, said, "After comparing several brand protection solutions, we chose MarqVision because it provides the most modern and effective solution."

Philip Lee profile image
by Philip Lee

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