Facebook Acquires IP Recognition Start-Up

Facebook Acquires IP Recognition Start-Up


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

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.