https://www.startuphub.ai/ai-news/funding-round/2025/ai-osint-platform-ivix-raises-60-million-to-corner-20-trillion-shadow-economy/

IVIX has emerged as a specialized AI platform targeting the $20 trillion global shadow economy through automated analysis of publicly available data. Founded in 2020 by security veterans Mattan Fattal and Doron Passov, the New York-based company secured a $60 million Series B led by O.G. Venture Partners, bringing total funding to $85 million.

The platform combines large language models with graph analytics to process open-source intelligence (OSINT), enabling government authorities to detect financial crimes including money laundering, sanctions evasion, and tax non-compliance. Unlike traditional investigative methods that rely on manual research and limited data sources, IVIX automatically indexes internet data from a financial perspective, mapping hidden networks and attributing anonymous activity to real entities.

The company’s technology addresses a critical gap in modern financial crime detection. Criminal networks increasingly use sophisticated methods including cryptocurrency transactions, shell companies, offshore accounts, and high-speed micro-transactions that traditional tools struggle to track. IVIX claims 99% accuracy in entity identification and 97% accuracy in detecting non-compliance, with over $1 billion in previously hidden business activity uncovered across its customer base.

Government adoption spans the United States, Europe, and Asia, with IVIX particularly focused on cryptocurrency enforcement as 69 jurisdictions prepare to implement the OECD’s Crypto-Asset Reporting Framework (CARF) by 2028. The platform helps tax authorities attribute wallet addresses to individuals, track cross-platform activity, and identify unreported digital asset income. Beyond crypto, IVIX monitors short-term rentals, e-commerce platforms, cash businesses, and complex corporate structures.

The company operates through a B2G model, designing solutions specifically for government workflows and compliance requirements. Its platform integrates with existing enforcement systems while maintaining privacy standards and data governance protocols. With offices across multiple continents, IVIX is positioned to expand as governments worldwide seek technological solutions to combat increasingly sophisticated financial crimes in the digital economy.

Recent regulatory developments, including the EU’s draft crypto reporting legislation and growing international cooperation on tax information exchange, create favorable market conditions for IVIX’s specialized approach. The Series B funding will accelerate R&D capabilities and platform adoption as the company scales to serve additional jurisdictions facing similar enforcement challenges.