IVIX, a platform that helps governments fight major financial crimes, has raised $60 million in its Series B funding round. With this, the company’s total funding has reached $85 million since it was founded.
The funding round was led by O.G. Venture Partners, with support from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca. The company will use all the money to grow and run its operations.
IVIX was founded in 2020 by CEO Mattan Fattal and CPO Doron Passov, both with strong backgrounds in mathematics. Fattal, who also co-founded Silverfort, previously served as its CEO and president. Passov, a graduate of Unit 81, has deep experience in product management, development, and cybersecurity.
The company has about 60 employees, mostly based in Israel, with others in the U.S., Europe, South America, and Asia. IVIX is now expanding and hiring developers, product specialists, and other professionals.
“We will invest the funding mainly in development,” Fattal told the media. “We index the Internet from a financial perspective, which requires intensive algorithmic work. Our technology is used by government organizations, including financial, security, criminal, and civil enforcement authorities, in North America, Asia, and Europe. We help authorities combat money laundering, human trafficking, and tax evasion. We started with tax authorities, then expanded into criminal, security, and civil areas, searching for anomalies in money transfers using open data. Today, we have major contracts in taxation and have also grown into areas like human trafficking, terrorist financing, and sanctions enforcement, ensuring organizations are not trading with prohibited countries. We plan to reach 150 employees by mid-2026. Our ambitions in development are significant, and achieving them requires scale.”
Governments around the world have long struggled to track hidden money flows that move through shell companies, offshore accounts, and money-laundering chains. The problem has grown worse with criminals using advanced tools like cryptocurrency networks, ultra-fast transactions that split money into tiny parts, blockchain anonymity, and global e-commerce. Together, these create a shadow economy worth about $20 trillion, which traditional investigation tools cannot fully track.
IVIX’s platform helps close this gap by mapping and indexing financial activity online. It provides insights that reveal hidden networks involved in money laundering, tax fraud, and sanctions evasion—networks that older systems usually miss.
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