Smart Protection secured €5.2M Series A in an investment round led by Nauta Capital.
Smart Protection, a Madrid, Spain-based company operating a technology platform that tracks down and eliminates illegal copies of proprietary assets, announced that it completed a EUR 5.2M ($5.7M) capital investment in series A round.
The funding was led by London-based VC Nauta Capital and will be used to scale up the company's business - accelerate international expansion as well as the development of its AI technology.
The company’s existing backers Wayra (Telefonica’s open innovation hub), JME Ventures, Bankinter (through their program Startups of Bankinter Innovation Foundation) and Big Sur Ventures also participated in the round.
Smart Protection, founded in 2015 by Javier Capilla, Manuel Moregal and CEO Javier Perea, aims to solve the problems of online piracy and counterfeiting for companies that own intellectual or industrial property rights and/or distribute content or products online. The company's platform detects and eliminates brand and product infringements on the internet by first monitoring the web to capture and identify a brand’s assets using data technologies. The startup then analyses the gathered information by combining machine learning technology with cybersecurity experts to eliminate infringements at over 95% efficiency.
SMart Protection has customers in 18 countries across Europe, US and LATAM, including Warner Bros Entertainment, NBCUniversal, Sony Pictures, and Movistar+.
Prior to this round, Smart Protection raised almost $2M from outside investors.