IVIX, an AI-powered platform built to help governments combat financial crime at scale, announced the close of its $60 million Series B funding round, bringing total capital raised to $85 million. The round was led by O.G. Venture Partners with participation from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca. Founded in 2020, IVIX has already been adopted by authorities in the U.S., Europe, and Asia to uncover illicit activities and offshore assets.
“For decades, publicly available data has been underutilized in combating complex financial crime,” said IVIX Co-Founder and CEO Mattan Fattal. “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.”
The company’s platform addresses the $20 trillion global shadow economy by using publicly available data, LLMs, and graph analytics to expose financial crimes that evade traditional investigative methods. OGVP Managing Partner Ziv Kop stated, “The innovative ability of their technology to unearth illicit financial activities is not just impressive, it’s critical for governments in the digital age.” Headquartered in New York with global offices, IVIX plans to accelerate adoption and expand its R&D efforts with the new funding.
