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Facebook Acquires IP Recognition Start-Up

2017/07/27

Social media site Facebook has acquired Source3, a start-up focused on the management of IP in user-generated content. Based in New York City, Source3 was founded by veterans of Google and 3D Systems. It offers IP recognition and IP licensing services, allowing content creators and online marketplaces to enable the monetisation of user-created products. The details of the deal, which took place on July 24, were not disclosed. Source3 secured $4 million in venture capital funding in September 2015, led by Contour Venture Partners.

 

Source: WIPR




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