Mark Lee once sat in a Harvard trademark class and learned that counterfeiting amounted to more than $3 trillion a year, roughly 8% of global trade, with the illicit market growing about 20% annually during the COVID-19 pandemic, powered by marketplaces and social media.
That revelation redirected his path and led to the creation of MarqVision, which announced last Thursday that it closed a $48 million Series B round to combat fakes with AI on a global scale.
