AI-powered financial crime combat gets $60 million boost with IVIX's Series B funding round
IVIX, an AI-powered platform that provides full visibility into financial crime and criminal networks, has closed a $60 million Series B funding round. This brings the total funding for the company to $85 million.
The funding round was led by O.G. Venture Partners (OGVP) with participation from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca. Ziv Kop, a Managing Partner at OGVP (EMEA), stated that IVIX's innovative technology is critical for governments in the digital age.
Founded in 2020 by security experts and tech industry veterans Mattan Fattal and Doron Passov, IVIX has experienced rapid growth and customer acquisition in the past five years. The company has already been deployed by government authorities in the U.S., Europe, and Asia, helping to identify billions of dollars in offshore assets and illicit financial activity.
IVIX is described as an intelligence layer that makes hidden financial networks visible. It uses OSINT-driven AI and graph analytics to uncover unseen connections that power financial crimes. The platform is designed to help governments combat financial crime at scale using large language models (LLMs), advanced graph analytics, and publicly available data.
Mattan Fattal, IVIX Co-founder and CEO, stated that IVIX delivers impactful results by assembling top-tier tech talent, investing in focused research, and leveraging the new era of LLMs combined with modern graph algorithms. The company will use the growth capital to accelerate its research and development capabilities and widespread adoption of its AI-powered solution.
Illicit activity in industries like cryptocurrency networks, global e-commerce, and others has contributed to a $20 trillion global shadow economy that operates beyond the reach of traditional investigative methods. IVIX is the first AI-powered technology to combat financial crime at scale by indexing the internet from a financial perspective, using publicly available business data and graph analytics.
IVIX is headquartered in New York, with offices and employees in Europe, the U.S., South America, and Asia to serve governments worldwide. OGVP is excited to lead the third financing round in the B2G digital space for IVIX and partner with the company during its period of rapid growth.
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