IVIX Secures $60 Million Series B to Combat Financial Crime with AI
IVIX has raised $60 million in a Series B funding round, announced in a press release. The funding was led by O.G. Venture Partners, with participation from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca. This round brings IVIX's total funding to $85 million.
IVIX, headquartered in New York, is the first AI-powered platform designed to help governments combat financial crime at scale. The company uses large language models (LLMs), advanced graph analytics, and publicly available data to identify illicit financial activities. The new capital will be used to accelerate research and development and expand the adoption of its AI solutions globally.
The platform has already been deployed by government authorities in the U.S., Europe, and Asia, helping to uncover billions of dollars in offshore assets and illicit financial activities. IVIX aims to provide authorities with full visibility into financial crime networks that traditional methods often miss, using its OSINT-driven AI and graph analytics to reveal hidden connections.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly, AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 HKMA Introduces ART Framework for AI Use in Banking Oct 15 Moomoo Adds AI Assistants to Global Paper Trading Contest Oct 15 Financial Stability Board Publishes 12 AI Practices for Financial FirmsMore from Funding
Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 KP Labs raises €4.42 million for AI data processing in orbit Oct 15 Origin Raises $20 Million for Autonomous Construction Robots Oct 15 Symbe Raises $5.7 Million for AI Sales PlatformFinance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Axya Raises C$17 Million for AI Procurement Platform
V-Key Makes Majority Investment in CloudsineAI
GeoIntelX Adds 100 Years of SEG Research to GIX
AbbVie Partners With Valkai on AI Tools for Clinical Development
RevRag AI Raises $2.5 Million for Financial Services Agents
Daily AI Brief: the AI news that matters, in your inbox.