Softbank and DST Global Support MarqVision’s $20M Funding Round

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IP-focused startup MarqVision ha recently completed a $20M Series A funding round that has seen the participation of DST Global Partners, Atinum Investments, Softbank Ventures, Bass Investment and Y-Combinator.

MarqVision presents itself as a SaaS platform based on artificial intelligence (AI). The system monitors the e-commerce and non-fungible token (NFT) markets for counterfeit products.

The company has reported that it will use the funds for the further development of the platform. MarqVision co-founder Mark Lee has said the funding would allow brand owners to have “full control” of their intellectual property.

A hacker has previously created fake copies of an NFT sold for $69.3 million from the artist Beeple to debunk the myth about the uniqueness and safety of tokens.