IVIX offers an OSINT-driven AI platform that indexes publicly available business data and applies LLMs and modern graph analytics to reveal hidden financial networks and illicit activity. Its product is used by government authorities to accelerate investigations into money laundering, sanctions evasion, tax non-compliance and other large-scale financial crimes. The company says its technology has helped customers identify billions of dollars in offshore assets and illicit financial activity and has been deployed by authorities in the U.S., Europe and Asia. IVIX reports five consecutive years of rapid growth and customer acquisition. The company will use the new capital to accelerate research and development and to drive wider adoption of its AI-powered solution. IVIX was founded in 2020 and is headquartered in New York, with offices and employees across Europe, the U.S., South America and Asia. IVIX develops AI and machine-learning tools that analyze public databases of business activity to help government entities spot tax noncompliance and other financial crimes. The platform is designed as a closed-loop system: each government customer's AI learns exclusively from its own data and stores information with the customer rather than IVIX. The company was founded in 2020 by Matan Fattal and Doron Passov and is based in Israel; Fattal previously founded cybersecurity startup Silverfort and has a background in intelligence. IVIX has landed contracts with federal agencies including the IRS criminal investigation bureau and has sold to 10 government entities. The startup has made notable hires such as Don Fort, the former chief of criminal investigations at the IRS. IVIX recently raised a $12.5 million Series A led by Insight Partners and is positioning its products to help governments address large-scale problems like tax evasion and money laundering. Ivix provides a technology platform purpose-built to combat the shadow economy by allowing tax authorities to automatically analyze public data sources to identify large-scale tax evasion. The company develops tailored technologies that identify in-scale tax evasion so authorities can use resources more efficiently, increase collection, and promote deterrence. Its platform has been deployed in several OECD countries and has helped authorities identify a significant number of tax infringements, including verticals where nearly 50% of businesses were not reporting income. Ivix is led by CEO Matan Fattal and CPO Doron Passov and lists multiple senior tax and enforcement advisors. The company is a graduate of Microsoft for Startups' AI for Good acceleration program in Israel. It raised $13M in seed funding to support exponential growth, primarily for sales and marketing.

Total raised

$86M

Funding rounds

3

Latest round

Series B

Latest activity

Aug 2025