IVIX, an AI-based platform designed to assist governments in combating financial crime, has completed a $60 million Series B funding round, bringing its total funding to $85 million. The round was led by O.G. Venture Partners (OGVP) and included participation from several other investors.
The company plans to use these funds to enhance its research and development efforts and promote the adoption of its AI-powered solutions. IVIX has already been deployed by authorities in the U.S., Europe, and Asia, helping clients identify billions of dollars in offshore assets and illicit activities.
With growing challenges posed by shell companies, offshore accounts, and advanced money-laundering techniques, as well as innovations like cryptocurrency and global e-commerce, IVIX addresses a $20 trillion shadow economy that traditional methods often miss.
Using publicly available data and graph analytics, IVIX provides authorities with visibility into financial crimes and criminal networks. Founded in 2020 by security experts Mattan Fattal and Doron Passov, IVIX is headquartered in New York and operates globally.
KEY QUOTES:
“For decades, publicly available data has been underutilized in combating complex financial crime due to its scattered, opaque nature and challenges in deriving actionable insights. At IVIX, we’ve embraced this mission. By assembling top-tier tech talent, investing in focused research, and leveraging the new era of LLMs combined with modern graph algorithms, we deliver impactful results to our customers. This is the most complex technology I’ve ever worked on, and it’s a true pleasure. Our Series B success positions us to advance our capabilities and help more authorities around the world stay ahead of the rapidly evolving shadow economy. Together with our investors and partners, we’re committed to delivering innovative solutions that create meaningful impact at scale and serve the greater public good.”
IVIX Co-founder and CEO Mattan Fattal
“IVIX is at the cutting edge of transformative AI technology, delivering breakthrough solutions that address some of today’s most complex challenges. The innovative ability of their technology to unearth illicit financial activities is not just impressive, it’s critical for governments in the digital age. OGVP is excited to lead this new financing round, its third in the B2G digital space, and to partner with IVIX in this period of rapid growth as they expand their impact and help governments deliver better services and stronger security for their citizens.”
Ziv Kop, a Managing Partner at OGVP (EMEA)
