Ebay said Monday that it has acquired 3PM Shield, a provider of AI-based marketplace compliance solutions, as the e-commerce giant seeks to simplify policy compliance for merchants and keep the site a trusted marketplace.
San Jose-based Ebay said the transaction “further enhances” “surveillance solutions with new technologies designed to prevent the sale of counterfeits, unsafe products and illicit goods.” law” of the company.
according to a press release.
Terms of the agreement were not disclosed.
“The top priority is to help ensure that ebay “It remains a safe and reliable environment for our global community of sellers and buyers, especially to prevent counterfeit and counterfeit products,” said Zhi Zhou, Ebay’s chief risk officer. safe or illegal. “3PM Shield has been a valuable and effective external partner in helping Ebay address these challenges, and we look forward to unlocking additional capabilities as we bring their technology internally. “
The acquisition of 3PM Shield will also enhance Ebay’s ability to address suspicious or harmful seller behavior and potentially problematic items.
“3PM Shield was founded to provide the next generation of e-commerce monitoring that protects trust in the buyer and seller relationship.” said Robert Dunkel, Founder and CEO, 3PM Shield.
“We are proud to partner with eBay, and I am delighted that eBay’s investment will help us accelerate the impact of our innovative technology to combat counterfeits, unsafe products, and counterfeit items. illegal.”
Founded in 1995 in California, Ebay is one of the world’s largest marketplaces for new and used goods. By 2021, the company has reached over $87 billion in total merchandise volume.
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