Peak XV Partners, formerly known as Sequoia Capital India & SEA, has led a $48-million Series B funding round for MarqVision, a US-Korea AI-powered managed services platform, according to an announcement.
The round, which brings MarqVision’s total fundraising to $90 million, also drew backing from Salesforce Ventures, HSG, Coral Capital, Y Combinator, Altos Ventures, Atinum Investment, and angel investor Michael Seibel.
Founded in 2020 by Harvard Law graduates, MarqVision provides software that combines machine learning with intellectual property expertise to detect and remove fake goods and unauthorised sellers across more than 1,500 platforms in 118 countries.
The company claimed its customer base has grown to 350 brands spanning fashion, luxury, beauty, gaming, pharmaceuticals, entertainment, and consumer electronics.
“AI-powered brand control is no longer optional; it’s the foundation for sustainable growth,” said Mark Lee, MarqVision’s founder and chief executive. He added that brands using its services have reported 5–10% increases in top-line growth.
MarqVision already operates with a major footprint across Asia, home to the world’s most active counterfeit and piracy networks, per the announcement.
With offices in Shanghai, Seoul, and Tokyo, and robust legal support and operational hubs strategically placed throughout the region, MarqVision’s strong in-market presence gives the company unmatched visibility and speed in addressing infringement across high-risk channels.
Since its founding, MarqVision said it has built an AI engine capable of providing all-in-one services for detecting and removing instances of counterfeit, piracy, and impersonation across hundreds of online marketplaces and platforms.
Peak XV said the investment would help the company expand its global footprint.
“They have quickly established themselves as the leader in this category, working with 350 global brands,” said managing director Shailendra Singh.
Peak XV is set to raise its first independent fund with a target corpus of $1.2-1.4 billion to back early-stage investments across India and Southeast Asia, according to a report by The Economic Times.
The upcoming vehicle will mark the team’s ninth fund since launching operations in 2006. However, it will be substantially smaller than its previous fund, which had raised $2.8 billion in 2022 before being reduced by 16%.
