IVEX raises €5M Series A for AI-powered automotive safety testing
The Belgian spin-out will advance its engineering roadmap and expand in North America and Asia with software that makes real-world vehicle testing more traceable.
Turning road data into safety evidence
IVEX analyses camera, sensor and vehicle data from real-world driving to help automotive engineers test and validate driver-assistance and automated-driving systems. Its software applies AI and mathematical algorithms to safety analysis, testing and scoring while keeping findings linked to the underlying evidence.
The €5 million Series A will fund engineering development and expansion in North America and Asia. Existing investors The Faktory and Dedicated.lu participated as IVEX builds its customer base among automotive manufacturers and testing organisations.
Use of funds
Advance the engineering roadmap
Expand in North America and Asia