IVIX

IVIX was founded in 2020 by Matan Fattal and Doron Passov. The privately held startup maintains its headquarters in New York alongside an R&D center in Tel Aviv. The company builds a data platform specifically for government tax authorities to identify tax evasion and shadow economy activity. Backed by Team8, Aleph, and Insight Partners, IVIX raised a $12.5 million Series A round in 2023, bringing total funding to approximately $25.5 million.

The IVIX platform ingests and analyzes publicly available data — such as business registries and local web data — to map entity networks and trace financial activities. It matches these networks against official tax registries to flag unregistered businesses or underreported income. The core technical mechanism relies on machine learning algorithms designed to resolve entity identities across disparate and unstructured public sources, built specifically for the needs of public revenue agencies.