RedMarlin raises $10 million to fight counterfeiting with AI

Counterfeiting isn’t a new problem, but it’s a growing one. The global market for fake goods is estimated to exceed $1.2 trillion. Counterfeits take roughly $300 billion worth of revenue away from brands that have to compete with them. In worse news still, roughly two out of every five products purchased online was counterfeit, according to the U.S. Government of Accountability Office.

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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.

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12 of the hottest startups at the RSA Conference 2019

The RSA Conference 2019 is set to kick-off on March 4 in San Francisco, and this year’s theme, Better, is an invitation to the industry to work harder to ensure a higher level of security for consumers and organizations worldwide. This is exactly what RSAC’s most innovative startups are aiming for. Tackling everything from phishing to container security and cloud management, this year’s lineup is filled with fresh approaches to familiar problems and applications of new technologies aimed to address today’s biggest security challenges.

Read the original article on CSO Online.