IVIX, a New York-based company developing an AI-powered platform to help governments combat large-scale financial crime, announced a $60 million Series B funding round. The raise brings the company’s total funding to $85 million since its founding in 2020.
The round was led by O.G. Venture Partners with participation from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital and Cerca. IVIX plans to use the funding to strengthen its research and development and accelerate adoption of its technology, which leverages large language models, graph analytics and open-source data.
The platform has already been deployed by authorities across the U.S., Europe and Asia, where it has helped uncover billions of dollars in offshore assets and illicit activity, according to IVIX. By indexing publicly available business data from a financial perspective, the company said its system provides visibility into criminal networks that traditional investigative methods are likely to miss.
Founded by security experts Mattan Fattal and Doron Passov, IVIX operates globally with offices in the U.S., Europe, South America and Asia.
