RedMarlin raises $10 million to fight counterfeiting with AI
November 5, 2019
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.
Perhaps…