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MarqVision Introduces Marq AI, a New Generative AI Product Suite Designed to Offer Brands Enhanced Protection Against Fake Goods

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Company raises additional $16M in funding to combat the increasingly complex $2 trillion global counterfeiting problem; MarqVision’s latest research uncovered that over 70% of consumers unintentionally purchase counterfeit goods, revealing troubling new trends for consumers and brands alike

LOS ANGELES, Oct. 2, 2024 /PRNewswire-PRWeb/ — MarqVision, the leader in online brand protection, today announced its launch of Marq AI, a powerful suite of advanced generative AI products designed to revolutionize how businesses protect and enhance their brands. In addition to unveiling industry-leading capabilities, MarqVision disclosed that it added $16 million in funding from Altos Ventures, extending its Series A round. The company will use the funds to aggressively scale as demand for its services surges worldwide– in the last three years, the company has grown 30x in annualized revenue.

“We have consistently demonstrated our commitment to build disruptive products by leveraging the very latest technology, coupled with compelling research, to protect brands and ultimately consumers. Marq AI is the next bold step forward.”

“With the additional funding from Altos Ventures, we are developing the next generation of outstanding online brand protection solutions, starting with Marq AI,” said Mark Lee, CEO and co-founder of MarqVision. “We have consistently demonstrated our commitment to build disruptive products by leveraging the very latest technology, coupled with compelling research, to protect brands and ultimately consumers. Marq AI is the next bold step forward.”

Applying Generative AI to Stamp Out the $2 Trillion Global Counterfeiting Problem

Since MarqVision’s founding just four years ago, the global counterfeiting market has escalated dramatically, now exceeding $2 trillion annually—a staggering 115% increase over the past eight years.

MarqVision has emerged as a leader in the fight against counterfeiting, establishing a strong track record of quickly identifying and seamlessly removing counterfeit listings, as well as protecting trademarks and successfully collaborating with local government officials to shut down counterfeiting operations all over the world. With its new Marq AI product suite, the company incorporates generative AI to become even more efficient and effective.

Marq AI’s capabilities include:

Conversational Assistant: Conversational commerce has ballooned in recent years, leading to an increase in unmonitored counterfeit transactions hidden within social media messages. Marq AI’s advanced Conversational Assistant can infer which messages are selling counterfeits across multiple languages, and swiftly gather the evidence that brands need for enforcement. It boasts a 99%+ accuracy rate.Interactive, Intelligent Dashboards: Marq AI’s newly redesigned dashboards go beyond detection numbers; they provide detailed insights into why each item is flagged as counterfeit. Users can give real-time feedback on detections, allowing enforcement strategies to be tailored precisely to the brand’s unique needs—something no other company currently offers.Automated Copyright Infringement Workflows: Piracy is growing at an unprecedented rate, with visits to piracy sites up 36% since the pandemic. The need for rapid and effective removal of copyright-infringing content from illegal websites is more pressing than ever. Marq AI’s Automated Copyright Enforcement Workflows transform the manual, time-consuming processes of website data collection, email dispatch, and enforcement actions into streamlined, automated solutions. This cutting-edge feature reduces the time spent on these workflows from 20 hours per week to just a few clicks.Smart Enforcements: With customer collaboration, Marq AI’s models are continuously trained throughout the counterfeit detection process. These models are now able to automate enforcement actions, such as generating soft notices and FSDs, across all the above features, helping our customers save up to 180x the time previously required.

Built to Address the Latest Trends

MarqAI was designed in response to the company’s latest research, which underscores the complexity of modern operations. For example, one out of every three counterfeit products are purchased on a completely different platform than where they were initially advertised, demonstrating how increasingly adept counterfeiters are at evading detection. Counterfeiters are also making use of AI-powered chatbots, with 3.0% of counterfeit purchases now enabled through chatbot transactions, allowing them to hide behind direct messages that make it harder for brands to detect.

Despite ongoing efforts by brands to enforce their IP rights, counterfeiters continue to outpace many protection strategies–and are getting better at duping consumers from knowing authentic products from fake ones. As 71.6% of consumers unintentionally purchase counterfeit goods while seeking authentic items, the need for robust and adaptive IP enforcement strategies has never been greater.

“We’ve followed Mark, the CEO of MarqVision, and his team for years, admiring their unwavering commitment to innovation and value creation,” said Tae Yoon, Partner at Altos Ventures. “MarqVision has consistently demonstrated its ability to navigate the challenges posed by emerging channels, where counterfeiters have become more prevalent. Their forward-thinking approach, supported by an AI-driven product suite, is shaping the future of brand protection and helping companies safeguard their assets in the evolving digital economy. We’re excited to support them as they continue to lead with this vision.”

To learn more about all that MarqVision offers and its latest developments with Marq AI, please visit www.marqvision.com.

About MarqVision

MarqVision’s mission is to protect and build a future shaped by original ideas, innovations, and creativity. As a leading online brand protection solution, we help global brands identify and remove counterfeits from over 1,500 platforms and thousands of rogue websites in over 118 countries. In a time when counterfeiting poses an increasingly serious challenge, we believe that democratizing legal expertise and access to the latest in generative AI technology is critical for continuing to support the inventors, developers, and artists of the world who work tirelessly to deliver safe, high-quality products.

MarqVision’s technology powers everything from detection, monitoring, and even enforcement to protect brands at scale. Founded in 2020 by Harvard Law graduates, MarqVision is proudly backed by DST Global Partners, Softbank, Atinum Investments, Altos Ventures, Bass Investment, and Y Combinator. Our commitment to innovation has also been recognized with a prestigious 2022 Innovation Award from LVMH Louis Vuitton Moët Hennessy (LVMH), and we are honored to be part of the LVMH accelerator program, La Maison des Startups, at the Station F incubator. As we bring forth the next evolution of brand protection, we invite businesses everywhere to join us in safeguarding the creativity that drives our world.

Media Contact

Amber Moore, Moore Communications, 1 5039439381, amber@moorecom2.com

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SOURCE MarqVision

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Atomic Antibiotics Developed by Czech Scientists Counter Bacterial Resistance

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OSTRAVA, Czech Republic, Oct. 3, 2024 /PRNewswire/ — Scientists from Palacký University Olomouc (UP) and the Technical University of Ostrava (VSB-TUO), in collaboration with colleagues from China, have discovered a groundbreaking method for developing a new generation of antibiotics. These antibiotics not only combat a wide range of bacteria but also effectively prevent the development of bacterial resistance. By employing atomic engineering, the researchers transformed manganese—a trace element vital for human health—into a potent antibiotic by embedding it in the structure of chemically modified graphene. Tests conducted on animal models have demonstrated the material’s significant potential, particularly in localized therapies such as wound healing. The discovery has been published in the prestigious journal Advanced Materials, and the team has filed a European patent to safeguard their innovation.

“The material we developed successfully kills and inhibits the growth of all bacteria we studied, including highly resistant pathogens. It operates at low concentrations, which are completely harmless to human cells. Furthermore, bacteria cannot develop resistance to it, thus addressing one of modern medicine’s most pressing challenges. These promising results position atomic antibiotics for practical use in the near future,” said Radek Zbořil, a physical chemist and author of the research concept, who works at the Czech Advanced Technology and Research Institute (CATRIN UP) and the Centre for Energy and Environmental Technologies (CEET) at VSB-TUO.

A Frontal Attack with Manganese

In developing this antibiotic, the scientists drew on their expertise in graphene chemistry and atomic engineering, fields they have extensively studied in recent years. This time, they utilized a graphene derivative enriched with oxygen and nitrogen atoms, chemically incorporating manganese—a transition metal that is involved in metabolism, bone formation, blood sugar regulation and cellular protection against oxidative stress.

“We chose to target one of the strongest defences of bacteria—the carbohydrates in their cell walls and membranes, which are crucial for their survival. These carbohydrates play a protective role, facilitate substance transfer, enable communication with the environment, and serve as energy reserves. By chemically binding manganese to specific carbohydrate groups, we suppressed these critical functions, ultimately causing cell death. The graphene carrier plays an essential role by ensuring the delivery of manganese ions to the bacterial surface, which enables a direct chemical attack on the carbohydrate molecules,” Zbořil explained.

Effective Against Even the Most Resistant Bacteria

The new material also shows remarkable efficacy against bacteria that existing antibiotics struggle to combat. “We observed an excellent bactericidal effect against all bacteria from the ESCAPE group, which includes highly resistant bacterial pathogens. These bacteria are particularly dangerous because they are resistant to conventional antibiotics, which complicates treatment and increases the risk of severe infections, especially in hospital settings. The atomic antibiotic was the only agent that proved effective against all resistant bacteria, compared to commercial antibiotics,” said David Panáček, the first author of the paper, from CATRIN UP and CEET VSB-TUO.

The researchers tested the atomic antibiotic’s effect not only in laboratory settings but also in mouse models in collaboration with their Chinese colleagues. “In in-vivo tests, skin infections caused by resistant strains of Staphylococcus aureus (golden staph) healed quickly and effectively, with all markers of inflammation significantly reduced. We are now considering its use for wound dressings or antibacterial treatments on surfaces of artificial materials. There is tremendous potential to prevent bacterial biofilms from forming on devices such as artificial joint replacements, stents, or cannulas. Given its mode of action, this new material could also help prevent secondary infections, which would have a major impact on healthcare,” said Milan Kolář, a microbiologist and Dean of the Faculty of Medicine and Dentistry at Palacký University Olomouc, who played a key role in the research.

Atomic Antibiotics Open New Possibilities

The research team plans to continue exploring the material’s potential for systemic antibiotic treatments. “Some serious infections are now untreatable with existing antibiotics, and bacterial sepsis is becoming an increasingly common cause of death. We aim to test atomic antibiotics’ effectiveness in treating the most severe bacterial diseases,” Kolář added.

According to the United Nations, if bacterial resistance continues to rise at its current pace, by 2050 untreatable infections caused by multidrug-resistant bacteria could become the leading cause of death worldwide. These so-called ‘superbugs’ pose a global threat, necessitating the development of new antibacterial agents that can bypass the defence mechanisms bacteria use to protect themselves. This research, which also involved colleagues from the Faculty of Science at Palacký University Olomouc and two Chinese institutions, highlights the untapped potential of atomic engineering in addressing one of humanity’s most urgent scientific and social challenges.

Read the paper at: Single Atom Engineered Antibiotics Overcome Bacterial Resistance – Panáček – Advanced Materials – Wiley Online Library

 

View original content:https://www.prnewswire.co.uk/news-releases/atomic-antibiotics-developed-by-czech-scientists-counter-bacterial-resistance-302266579.html

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A Cultural Gateway to China’s Rich Heritage: “The Great Art of Dunhuang” Exhibition Opens in Shanghai

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SHANGHAI, Oct. 3, 2024 /CNW/ — “The Great Art of Dunhuang,” a special exhibition (“the Exhibition”) of Dunhuang’s cultural artifacts, opened on September 20th at the China Art Museum (Shanghai Art Museum). The Exhibition, guided by Shanghai Municipal Administration of Culture and Tourism, is part of the 35th Shanghai Tourism Festival and will be held for an extended period of three months through December 20th.

Experience the interactive Multichannel News Release here: https://www2.multivu.com/shanghai_tourism/9295151-en-the-great-art-of-dunhuang-exhibition-opens-in-shanghai

Featuring rare artifacts from the Dunhuang Academy, the Exhibition combines these treasures with reproductions of classic caves, wall paintings, and colorful sculptures to bring an immersive “Dunhuang experience” to Shanghai.

“There are only four cultural systems in the world with a long history, vast territory, self-contained system, and far-reaching influence: China, India, Greece, and Islam, and there is no fifth; and there is only one place where these four cultural systems converge, which is the Dunhuang and Xinjiang regions of China,” said Ji Xianlin, a renowned scholar and historian.

The Exhibition showcases 168 pieces of representative and rare artifacts, six of which are being unveiled for the first time in Shanghai. In addition, replicas of six Mogao Caves and precious manuscripts are well worth a visit. The entrance of the Exhibition is specially designed to recreate the Gobi Desert experience with soundscape features like the ringing camel bell, instantly transporting visitors to Dunhuang. This immersive experience is unfolded in four chapters:

Chapter 1 “The Silk Road – Dunhuang” traces the journey of Zhang Qian, whose expedition was considered to be the foundation of the first “Silk Road.” As merchants from different countries expanded their exchanges, diverse cultures also converged in Dunhuang as it became more culturally prominent.Chapter 2 “The Cave – Pure Land” serves as the Exhibition’s centerpiece, featuring life-size replicas of six classic caves: Cave No. 285 from the Western Wei Dynasty, Caves No. 45, 320, 158, and 17 from the Tang Dynasty, and Cave No. 3 from the Yuan Dynasty.Chapter 3 “The Encounter – Library Cave” showcases the encyclopedia of the Middle Ages, the discovery of No.17 Cave, and how the artifacts are brought back digitally.Chapter 4 “Faith – Inheritance” centers on the generations of people who dedicated their lives to preserving the Mogao Caves.

Bai Jian, a counselor from the Gansu Province Cultural Relics Bureau, highlighted: “Dunhuang was the transportation hub between the West and East in ancient times, and it has been a witness of numerous cultural exchange and convergence efforts; Shanghai, on the other hand, is an international metropolitan and window for the world to see China, it’s a city that’s full of energy and charm where history, culture, economy and technology integrates, and the Shanghai Tourism Festival is a perfect opportunity to present the Dunhuang, a global IP, and facilitate in-depth exchanges and development.”

For the exhibition, there are also several newly released cultural tourism products worth recommending. Overseas visitors who book designated hotels through Expedia can receive complimentary tickets to the exhibition. Additionally, with the Shanghai Pass – Dunhuang Dream card, introduced by Shanghai Jiushi Group, visitors can make payments at various venues, supermarkets, convenience stores, and more throughout Shanghai.

To learn more about fun activities in Shanghai, please click here:

https://www.meet-in-shanghai.net/

https://www.facebook.com/MeetinShanghai

https://www.instagram.com/meetinshanghai/

https://twitter.com/meetinshanghai

https://www.youtube.com/@meetinshanghai

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SOURCE Shanghai Municipal Administration of Culture and Tourism

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Sonovate partners with Alloy to combat evolving fraud trends as company grows

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NEW YORK, Oct. 3, 2024 /PRNewswire/ — Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, today announced that it is implementing Alloy‘s identity risk solution to better prevent fraud while also fueling growth.

Alloy helps solve the identity risk problem for companies that offer financial products by enabling them to outpace fraud and confidently serve more people around the world. Over 600 banks and fintechs in the US, UK, and beyond turn to Alloy to grow with a clearer picture of their customers. Sonovate will use Alloy’s end-to-end identity risk management platform to stay ahead of rising fraud trends in the UK.

report from UK Finance found that £1.17 billion was lost to financial criminals in 2023. New technologies like generative AI have given bad actors more sophisticated tools to attack financial institutions. With Alloy, Sonovate is poised to stay ahead of this fraud risk while ensuring that genuine customers can efficiently access the company’s products and services.

“With its network of data sources, Alloy gives us the power to protect our business and customers from financial crime and the flexibility to make adjustments as needed as our business scales,” said Tom Wilson, Global Head of Risk and Compliance at Sonovate. “We are excited for this next step in our global growth.”

Since it was founded in 2014, Sonovate has funded nearly £6 billion ($8 billion) of invoices, supporting 3,300 businesses and 50,000 workers in 44 countries. In pursuit of the company’s global growth, Sonovate recently opened its first overseas office in Amsterdam and announced significant enhancements to its funding technology platform to better serve large, multinational recruitment businesses. Sonovate joins a growing list of UK-based banks and fintechs that use Alloy to solve for identity risk, including Liberis and Flagstone.

“We’re excited to support Sonovate in their mission to empower recruitment and consultancy businesses with tailored financial solutions,” said James Baston-Pitt, Head of UK and EMEA at Alloy. “Risk management has always been a core part of Sonovate’s business, and with Alloy, the company will continue to evolve to address growing fraud threats.”

About Sonovate
Sonovate is the leading provider of embedded finance and payment solutions for the workforce. Its finance and technology services cater to recruitment businesses, consultancies, and labour marketplaces who place contractors and freelancers around the world. Sonovate’s platform and expert service deliver swift credit decisions, same-day funding, credit insurance and collection services as well as timesheet and workflow automation, empowering companies to concentrate on expanding their business, confident that processes and funds are in place to help meet payment deadlines. Since it was founded in 2014, Sonovate has funded nearly £6 billion ($8 billion) of invoices, supporting 3,300 businesses and 50,000 workers in 44 countries.

About Alloy
Alloy helps solve the identity risk problem for companies that offer financial products. Over 600 banks, credit unions, and fintechs turn to Alloy’s end-to-end identity risk management platform to take control of fraud, credit, and compliance risks, and grow with confidence. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.

Media Contacts:
Nick Harriman, Sonovate
nharriman@sonovate.com 

Kylee Sibilia, Alloy
kylee@alloy.com

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