IVIX

Overview

IVIX is a pioneering AI-powered platform designed to help governments globally combat financial crime at scale. Founded in 2020 by Mattan Fattal and Doron Passov, IVIX harnesses advanced technologies such as large language models and graph analytics along with publicly available data to illuminate hidden financial networks. With headquarters in New York, the company has raised a total of $85 million, including a recent $60 million Series B round in 2025, led by O.G. Venture Partners among others.

Recent Developments

August 2025: IVIX closed a $60 million Series B funding round to enhance its R&D capabilities and increase the adoption of its AI solutions globally. The company plans to use the funding to advance its technologies and expand its reach among government authorities worldwide. The round was led by O.G. Venture Partners, with participation from Insight Partners, Citi Ventures, and others.
February 2025: Pamela A. Clegg joined IVIX as Vice President of Latin America, bolstering the company's leadership team with her extensive experience in financial crime and regulatory compliance.
August 2023: IVIX raised $12.5 million in Series A funding, which was led by Insight Partners. This funding aimed to accelerate their growth and enhance their ability to help governments close the tax gap through advanced AI solutions.
Throughout 2024: IVIX continued to expand its leadership team by adding senior executives with backgrounds in security and finance, such as a new Chief Revenue Officer and a Chief Technology Officer, to support its ongoing mission to combat financial crime.

Attribute	Information
Founding Date	2020
Headquarters	New York, USA
Founders	Mattan Fattal, Doron Passov
Total Funding Raised	$85 million
Key Investors	O.G. Venture Partners, Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, Cerca
Industry	AI Financial Crime Detection
Number of Employees	Approximately 70

Early History

IVIX was founded in 2020 by Mattan Fattal and Doron Passov, both of whom have a strong background in security and technology. The company's mission was to address the global issue of financial crime, which costs governments trillions in lost tax revenue annually. The initial idea stemmed from discussions with financial crime enforcement agencies, revealing a significant technological gap in combating these crimes. Within its first year, IVIX raised $13 million in seed funding in a round led by Team8. The company quickly gained recognition for its innovative approach using open-source intelligence (OSINT) and has since developed robust partnerships with government agencies across multiple continents.

Company Profile and Achievements

IVIX operates by providing a sophisticated AI platform that connects disparate data sources to uncover financial crimes such as tax evasion, money laundering, and other non-compliances in the digital economy. The firm's business model is centered around a subscription-based service provided to government entities, offering tools to enhance their enforcement capabilities.

Achievements:
2018-2020: Established presence in New York and expanded operations across Europe and Asia.
2023: Secured major contracts with several U.S. states and the IRS, helping recover billions in lost revenue.
2025: Recorded global clientele growth and enhanced technological prowess with high predictive accuracy in financial crime detection.
Technological Advancements:
Developed AI-driven solutions that integrate large language models and graph analytics.
Advanced capabilities in detecting non-compliance in cryptocurrency transactions and e-commerce platforms.

Current Operations and Market Position

IVIX remains a leading figure in the AI-powered compliance and financial crime detection space, operating primarily on a B2G (Business-to-Government) model. The platform’s technology is actively deployed in the U.S., Europe, and Asia, empowering tax and enforcement agencies with critical insights. IVIX distinguishes itself through real-time, actionable intelligence, solidifying its competitive advantage in the growing AI and fintech industries. With the recent Series B funding, IVIX intends to further scale its operations and development efforts, reinforcing its commitment to mitigate the impact of the global $20 trillion shadow economy.

Conclusion

As of 2025, IVIX has established itself as a vital technology partner for governments seeking innovative solutions to complex financial crimes. With substantial investor backing and continuous technological enhancements, IVIX is poised for continued expansion. The company's emphasis on leveraging AI to enhance transparency and compliance in the shadow economy positions it to significantly influence global financial crime prevention strategies in the coming years.