In a move that will help it keep track of illegally-shared content on its platform, Facebook has acquired intellectual property start-up Source3.
Announcing the deal on its official website, Source3 founders Patrick F Sullivan, Benjamin Cockerham and Scott Sellwood, said: “Today, we wanted to let everyone know that we’ve decided to continue our journey with Facebook. We’re excited to bring our IP, trademark and copyright expertise to the team at Facebook and serve their global community of two billion people, who consume content, music, videos and other IP every day.”
The exact terms of the deal were not disclosed.
Source3 was initially a 3D printing rights management company, but expanded its scope to branded intellectual property that might have been stolen and shared on the Internet. In 2015, it raised more than $4 million in seed funding led by Contour Venture Partners.