IVIX, the first AI-driven platform designed to help governments combat financial crime at scale, has closed a $60 million Series B funding round, bringing its total raised to $85 million. The round, led by O.G. Venture Partners with participation from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca, comes after five consecutive years of rapid growth in which IVIX helped governments uncover billions of dollars in offshore assets and illicit financial activity. The company, founded in 2020 by security and technology veterans Mattan Fattal and Doron Passov, leverages large language models (LLMs), advanced graph analytics, and publicly available data to identify hidden financial networks that traditional methods often miss. Already deployed by authorities in the U.S., Europe, and Asia, IVIX aims to use the new capital to accelerate research, enhance its AI capabilities, and drive global adoption. “For decades, publicly available data has been underutilized in combating complex financial crime due to its scattered, opaque nature and challenges in deriving actionable insights.
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At IVIX, we’ve embraced this mission. By assembling top-tier tech talent, investing in focused research, and leveraging the new era of LLMs combined with modern graph algorithms, we deliver impactful results to our customers. This is the most complex technology I’ve ever worked on, and it’s a true pleasure,” said IVIX Co-founder and CEO Mattan Fattal. With law enforcement facing increasingly sophisticated evasion techniques—ranging from shell companies and offshore accounts to cryptocurrency networks and global e-commerce—the $20 trillion shadow economy remains largely outside the reach of traditional investigation. IVIX seeks to change this by serving as the intelligence layer that makes hidden networks visible, harnessing OSINT-driven AI to detect illicit connections across industries. “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. “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… and to partner with IVIX in this period of rapid growth as they expand their impact and help governments deliver better services and stronger security for their citizens.” Headquartered in New York with offices across multiple continents, IVIX continues to expand its footprint as governments increasingly turn to AI to combat financial crime.