November 05, 2019

RedMarlin, Deep Learning-Powered Fraud Prevention Company, Raises $10M In Series A Funding

LOS ALTOS, Calif., Nov. 5, 2019 /PRNewswire/ — RedMarlin, a deep learning-powered fraud prevention company protecting the world’s leading brands from counterfeit activity, has secured $10M in Series A funding led by Thomvest Ventures and Crosslink Capital. The funding will be used to grow engineering and sales teams while also furthering the development of a go-to-market strategy that reaches new customers and industries critically in need of fraud protection.

The counterfeit market space is one of the largest and most underserved areas affecting brands today. In 2018 alone, the global economy lost more than $300 billion to online counterfeit goods, with online marketplaces serving as the most trafficked platform (39%). Read rest here.