EBay, Inc. acquired 3PM Shield, LLC, a provider of AI-based marketplace compliance solutions to improve eBay’s monitoring solutions with new technologies preventing the sale of counterfeit merchandise, unsafe products and illegal products. The acquisition also enhances eBay’s ability to address suspicious or harmful seller behavior and potentially problematic products.
The report follows eBay’s 2021 acquisition of Sneaker Con Digital’s authentication business, with sneaker resale being a major focus of its platform.
“It is a top priority to help ensure that eBay remains a safe and trusted environment for our global community of sellers and buyers, particularly to prevent counterfeits and unsafe or illegal products,” said Zhi Zhou, chief risk officer at eBay. “3PM Shield has been a valued and effective external partner in helping eBay tackle these challenges, and we look forward to unlocking additional capabilities as we bring their technologies in-house.”
“3PM Shield was founded to provide next-generation eCommerce monitoring to protect trust in the buyer and seller relationship,” said Robert Dunkel, founder and CEO, 3PM Shield. “We’re proud to partner with eBay, and I am excited that eBay’s investment will help us accelerate the impact of our cutting-edge technology to combat counterfeits, unsafe products and illegal items.”
Terms of the acquisition were not disclosed.
