IVIX Secures $60 Million in Series B Funding to Revolutionize the Fight Against Financial Crime with AI
IVIX, a pioneering AI-powered platform designed to help governments combat financial crime at scale, has announced the successful close of its $60 million Series B funding round. This brings the company’s total funding to $85 million. The round was led by O.G. Venture Partners (OGVP), with participation from prominent investors including Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca. This latest infusion of capital underscores IVIX’s rapid growth and its mission to leverage advanced technologies such as large language models (LLMs), graph analytics, and publicly available data to illuminate and dismantle complex financial crime networks.
Over the past five years, IVIX has experienced consistent growth and customer acquisition, helping its clients identify billions of dollars in offshore assets and illicit financial activities. The platform has already been deployed by government authorities across the U.S., Europe, and Asia, demonstrating its ability to deliver impactful results on a global scale. With this new funding, IVIX plans to accelerate its research and development efforts, expand its capabilities, and drive widespread adoption of its innovative solutions to tackle financial crime more effectively.
Unlocking the Potential of Publicly Available Data
For decades, publicly available data has been an underutilized resource in the fight against financial crime. Its scattered, opaque nature, coupled with the challenges of deriving actionable insights, has limited its effectiveness. IVIX is changing this paradigm by assembling top-tier tech talent, investing in cutting-edge research, and harnessing the power of modern AI technologies. By combining LLMs with advanced graph algorithms, IVIX delivers unparalleled visibility into hidden financial networks that traditional investigative methods often miss.
“At IVIX, we’ve embraced the mission of transforming how governments combat financial crime,” said Mattan Fattal, Co-founder and CEO of IVIX. “This is the most complex technology I’ve ever worked on, and it’s truly a pleasure to see the impact it delivers to our customers. 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.”
Addressing the Challenges of Modern Financial Crime
Law enforcement agencies have long grappled with traditional methods of financial evasion, such as shell companies, offshore accounts, and layered money laundering schemes. However, these challenges have grown exponentially in complexity with the rise of modern innovations like sophisticated cryptocurrency networks, high-speed micro-transactions, anonymity in blockchain systems, and the explosion of global e-commerce. These advancements have fueled a $20 trillion global shadow economy that operates largely beyond the reach of conventional investigative tools.
IVIX stands at the forefront of addressing this growing threat. It is the first AI-powered platform capable of combating financial crime at scale by leveraging publicly available business data and graph analytics to index the internet from a financial perspective. This unique approach provides authorities with full visibility into financial crime and criminal networks that would otherwise remain hidden. In essence, IVIX serves as the intelligence layer that uncovers unseen connections and exposes the intricate web of illicit financial activities.
Transformative Technology for Governments in the Digital Age
“IVIX is at the cutting edge of transformative AI technology, delivering breakthrough solutions that address some of today’s most complex challenges,” said Ziv Kop, Managing Partner at OGVP (EMEA). “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, our third in the B2G digital space, and to partner with IVIX during this period of rapid growth as they expand their impact and help governments deliver better services and stronger security for their citizens.”
IVIX’s groundbreaking approach has already proven its value by enabling governments to identify and disrupt financial crimes that were previously undetectable. By making hidden financial networks visible, IVIX empowers authorities to take decisive action against bad actors, safeguard public funds, and protect citizens from the far-reaching consequences of financial crime.
A Global Mission with a World-Class Team
Founded in 2020 by security experts and tech industry veterans Mattan Fattal and Doron Passov, IVIX is headquartered in New York, with offices and employees spanning Europe, the U.S., South America, and Asia. This global presence enables IVIX to serve governments worldwide and address the unique challenges faced by different regions. The company’s diverse team combines deep expertise in AI, cybersecurity, and financial systems, ensuring that its solutions are both innovative and practical.
As financial crime continues to evolve, IVIX remains steadfast in its commitment to staying ahead of the curve. By leveraging AI-driven insights and advanced analytics, the company is redefining how governments combat financial crime and protect their economies. With the support of its investors and partners, IVIX is poised to expand its reach and amplify its impact, empowering governments to deliver stronger security and better outcomes for their citizens.
A Future Defined by Innovation and Impact
The completion of IVIX’s $60 million Series B funding round marks a significant milestone in its journey to revolutionize the fight against financial crime. By combining cutting-edge AI technologies with publicly available data, IVIX is shining a light on the shadowy corners of the global financial system. As the company continues to innovate and grow, it is setting a new standard for how technology can be used to promote transparency, accountability, and justice.
In a world where financial crime poses an ever-growing threat, IVIX’s mission has never been more critical. With its transformative solutions and unwavering dedication to the public good, IVIX is not only helping governments stay ahead of the curve but also paving the way for a safer, more secure future.
About IVIX
IVIX’s innovative platform helps government authorities around the world illuminate large-scale financial crimes, such as money laundering, sanctions evasion and tax non-compliance, at speed and at scale. Powered by Open-Source Intelligence-driven AI (OSINT) and graph analytics, IVIX transforms publicly available data into a powerful resource that reveals hidden business activity, accelerates investigations and streamlines workflows, empowering authorities in their mission to reduce financial crime. For more information visit: https://www.ivix.ai/.
About O.G. Venture Partners
O.G. Venture Partners (OGVP) is a global, single-LP venture capital fund founded in 2017 and backed by Eyal Ofer’s Ofer Global, a multi-generational private portfolio of international businesses. Focused primarily on early growth-stage investments, typically in Series B and C rounds, OGVP manages over $1 billion in assets under management (AUM). Its active portfolio includes companies such as Lendbuzz, Via, Neko Health, WSC Sports, Coralogix, Connecteam, Peregrine, Superplay, and Buildots, among others.
