IVIX Raises $60M Series B Funding

IVIX, a company dedicated to illuminating financial crime, has announced it has successfully raised $60,000,000 in new investment capital. This significant funding round marks a pivotal moment for the firm, which specializes in providing advanced technological solutions to governments worldwide for combating financial illicit activities. The capital infusion underscores investor confidence in IVIX's innovative approach to a critical global challenge. Founded in 2020, IVIX has developed the first AI-powered platform specifically designed for governmental use of open-source intelligence (OSINT) to address financial crime at scale. The company's unique solutions target high-priority illicit activities prevalent in rapidly evolving sectors such as eCommerce and Cryptocurrency. By leveraging sophisticated artificial intelligence and machine learning technologies, IVIX delivers immediately actionable evidence of criminal and civil non-compliance, often hidden in plain sight within vast datasets. IVIX's leadership comprises seasoned experts in tax, security, and technology, complemented by a diverse advisory team including former IRS leaders, emphasizing its foundation built in partnership with and specifically for authorities. The newly secured capital is strategically intended to accelerate IVIX’s comprehensive growth initiatives. These plans include the further enhancement and development of its proprietary AI and machine learning capabilities, ensuring its platform remains at the forefront of financial crime detection. Furthermore, the investment will support expanding IVIX's operational footprint across its existing offices in Europe, the U.S., and Asia, and scaling its deployment with more governments globally. This investment reflects a clear recognition of IVIX’s specialized expertise in a complex and pervasive field. This substantial funding is expected to enable IVIX to significantly deepen its collaborations with governmental bodies around the world. By expanding its capacity and refining its technology, IVIX aims to enhance global efforts to combat financial crime and safeguard economic integrity. The company is poised to continue its mission of developing and deploying advanced tools that effectively address the evolving landscape of financial illicit activities on a global scale.