New York-based IVIX recently closed a $12.5 million Series A funding round led by Insight Partners. The investment allows the company to increase its research and development capabilities and expand its capacity to help governments identify financial crimes and close the tax gap.
IVIX was founded in 2020 by CEO Matan Fattal and CPO Doron Passov, both of whom have experience in elite intelligence units. The company operates an AI-powered platform that works to help tax authorities in the U.S., Europe and Asia identify financial crimes like large-scale tax evasion and money laundering. Its solution leverages publicly available data.
This Series A funding round will help the company continue to roll out its platform to more government agencies, aiming to help them to provide better services to citizens.
