New York, NY - Aug 18, 2025 - IVIX, a New York-based AI platform specializing in combating financial crime for governments, announced the closure of a $60 million Series B funding round, increasing its total funding to $85 million. Led by O.G. Venture Partners (OGVP) and supported by a consortium of investors including Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca, this funding highlights the growing importance of AI in addressing global financial crimes. The announcement has generated significant interest in the fintech and govtech sectors, with IVIX positioned to expand its impact on a $20 trillion shadow economy.
Funding Details and Investor Perspectives
The $60 million Series B round was oversubscribed, reflecting strong investor confidence in IVIX’s mission and technology. O.G. Venture Partners led the investment, marking their third foray into the B2G (business-to-government) digital space. Participating investors include repeat backers from previous rounds, such as Insight Partners, Citi Ventures, Team8, and Cardumen Capital, alongside new entrants Disruptive AI and Cerca.
Key quotes from investors and executives underscore the strategic importance of the funding:
- Matan Fattal, Co-founder and CEO of IVIX: “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. 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. 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.”
- Ziv Kop, Managing Partner at OGVP: “IVIX is at the cutting edge of transformative AI technology, delivering breakthrough solutions that address some of today’s most complex challenges. 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.”
Use of Funds and Strategic Plans
The $60 million will be used to:
- Accelerate Research and Development: Enhance AI capabilities, particularly in handling evolving threats like cryptocurrency and blockchain-based crimes.
- Drive Widespread Adoption: Expand global reach, support more government authorities, and integrate with existing operational infrastructures.
- Scale Operations: Grow the team and infrastructure to meet increasing demand from regulators worldwide.
IVIX aims to stay ahead of the rapidly evolving shadow economy, estimated at $20 trillion globally, by continuing to innovate in AI-driven detection and enforcement.
Historical Funding and Growth
IVIX’s funding history shows consistent investor support:
| Date | Amount Raised | Round | Lead Investor | Total Funding After Round | Notes |
|---|---|---|---|---|---|
| August 2025 | $60M | Series B | O.G. Venture Partners | $85M | Participation from Insight Partners, Citi Ventures, etc. |
| August 2023 | $12.5M | Series A | Insight Partners | $25M (approx.) | Focused on accelerating growth and combating financial crimes |
| Prior | ~$12.5M | Seed/Other | Various | $12.5M | Early funding to develop core platform |
This trajectory reflects IVIX’s evolution from startup to a key player in AI-driven financial crime prevention.
About IVIX
Founded in 2020 by Matan Fattal and Doron Passov, both security experts and tech veterans, IVIX is headquartered in New York with a strong Israeli heritage and offices across Europe, the U.S., South America, and Asia. The platform is designed to illuminate shadow economies by providing government authorities with tools to detect non-compliance, illicit activities, and criminal networks at scale.
IVIX’s core technology is an AI-powered platform that leverages:
- Large Language Models (LLMs): For processing and deriving insights from vast, scattered public data.
- Advanced Graph Analytics: To uncover hidden connections in complex financial networks, including shell companies, offshore accounts, layered money laundering schemes, cryptocurrency networks, blockchain anonymous transactions, and high-frequency trading.
- Open-Source Intelligence (OSINT): Indexing the internet from a financial perspective to turn publicly available data into actionable intelligence.
The platform accelerates investigations, streamlines workflows, and provides full visibility into financial crimes such as money laundering, sanctions evasion, tax non-compliance, and fraud. Deployed by governments in the U.S., Europe, and Asia, IVIX has identified billions of dollars in offshore assets and illicit activities, demonstrating its real-world impact over five years of rapid growth.
Market Context and Industry Trends
Financial crime remains a massive challenge, with traditional methods struggling against sophisticated digital schemes. IVIX’s focus on govtech and fintech positions it in a growing market for AI in compliance and enforcement. The rise of cryptocurrency and e-commerce has amplified the need for tools like IVIX’s, which address anonymity, pseudonymity, and high-speed transactions. Analysts project significant growth in AI for financial crime detection, driven by regulatory pressures and technological advancements.
IVIX competes with platforms in the regtech space but differentiates through its government-centric approach and OSINT integration.
For more details, visit IVIX’s website.
Source : IVIX AI
