IVIX, the first AI-powered platform designed to help governments worldwide combat financial crime at scale through large language models (LLMs), advanced graph analytics, and public data, today announced the closing of its $60M Series B funding round, bringing total funding to $85M.
The round follows five consecutive years of rapid growth and customer acquisition, during which IVIX has helped government authorities identify billions of dollars in offshore assets and illicit financial activity.
The round was led by O.G. Venture Partners (OGVP), with participation from Insight Partners, Cardumen Capital, Citi Ventures, Team8, Disruptive AI, and Cerca. IVIX will use the growth capital to accelerate its research and development capabilities and drive the global adoption of its AI-powered solution to detect and combat financial crime at scale. Currently, IVIX is already being deployed by government authorities in the United States, Europe, and Asia.
Technology to Uncover the Invisible
“For decades, public data has been underutilized in the fight against complex financial crime, due to its fragmented and opaque nature and the challenges in extracting actionable insights,” said Mattan Fattal, co-founder and CEO of IVIX.
“At IVIX, we’ve taken on this mission. We bring together top-tier technology talent, invest in focused research, and harness the new era of LLMs combined with modern graph algorithms to deliver highly impactful results to our clients. This is the most complex technology I’ve ever worked on, and it’s a true privilege. The success of our Series B positions us to advance our capabilities and help more authorities worldwide stay ahead of the rapidly evolving shadow economy. Together with our investors and partners, we are committed to delivering innovative solutions that generate meaningful impact and serve the public good.”
A Constantly Evolving Global Challenge
Law enforcement agencies have long faced traditional evasion methods such as shell companies, offshore accounts, and layered money-laundering schemes.
Today, these challenges have intensified with the rise of modern innovations such as:
Illicit activity across these and other sectors has contributed to a $20 trillion global shadow economy, operating largely beyond the reach of traditional investigative methods.
The IVIX Proposal: Total Visibility
IVIX is the first AI-based technology to address this global issue at scale by leveraging public business data and graph analytics to index the internet from a financial perspective. This provides authorities with full visibility into financial crime and criminal networks that traditional methods often overlook.
Put simply, IVIX is the intelligence layer that makes hidden financial networks visible, using its OSINT-based AI and graph analytics to uncover invisible connections fueling financial crimes.
Global Expansion
Founded in 2020 by security experts and tech industry veterans Mattan Fattal and Doron Passov, IVIX is headquartered in New York, with offices and teams across Europe, the United States, South America, and Asia, serving governments worldwide.
ABOUT IVIX
IVIX’s innovative platform helps government authorities around the globe identify large-scale financial crimes such as money laundering, sanctions evasion, and tax noncompliance—quickly and at scale.
Powered by OSINT-based AI and graph analytics, IVIX transforms public data into a powerful resource that reveals hidden business activities, accelerates investigations, and streamlines workflows, empowering authorities in their mission to reduce financial crime.
More information: https://www.ivix.ai
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