IVIX, a NYC-based AI-powered platform designed to help governments address pervasive financial crimes and tax evasion at scale, closed a $12.5M Series A funding round.
The round was led by Insight Partners with participation from Team8, Citi Ventures and Cardumen Capital.
The company intends to use the funds for growth and customer acquisition and accelerate its research and development capabilities.
Founded in 2020 by CEO Matan Fattal and CPO Doron Passov, IVIX offers a technology solution to leverage publicly available data to equip tax authorities with the information they need to do their job more accurately and efficiently in today’s environment. With adoption by multiple tax authorities,
It is currently used by major government agencies around the world, including the U.S. Internal Revenue Service’s Criminal Investigation Division and multiple states’ tax authorities in the US.
The team also added John D. (Don) Fort as Chief Business Officer.
FinSMEs
07/08/2023