IVIX, an AI-driven platform aiding governments in combating financial crimes like money laundering and tax evasion, recently completed its USD 60 million Series B funding round.

This advanced platform helps authorities identify large-scale financial offenses through open-source intelligence (OSINT)-powered artificial intelligence and graph analytics. By converting public data into a comprehensive resource that reveals obscured business activities, IVIX transforms complex financial information into actionable insights for law enforcement agencies.

Use of the Funds

Law enforcement agencies encounter numerous challenges from traditional evasion tactics such as shell companies and offshore accounts. Modern innovations, including advanced cryptocurrency networks, high-frequency micro-transactions, anonymity in blockchain, and global e-commerce expansion, exacerbate these issues. These factors contribute to a USD 20 trillion global shadow economy that often evades conventional investigative techniques.

IVIX leverages its AI-driven technology to provide full visibility into financial crimes and criminal networks. The company’s mission is to uncover hidden connections and patterns of financial crime by utilizing OSINT-driven AI and graph analytics.

With the new funding, IVIX plans to accelerate its development and research efforts, focusing on expanding its technology in the United States, Asia, and Europe. By investing in R&D, IVIX aims to enhance its solutions for customers and contribute to a greater public good.