IVEX Raises €5M Series A
IVEX raises €5M in Series A funding from The Faktory and Dedicated.lu to scale its AI-powered automotive safety testing platform internationally.
IVEX Raises €5M Series A
IVEX, based in Leuven, Belgium, is a deep-tech company that automates automotive safety testing. The company has raised €5M in a Series A funding round to accelerate its engineering roadmap and expand its operations in North America and Asia.
Investors
The Faktory, Dedicated.lu, and various private investors participated in this funding round.
IVEX Use of Funds
IVEX intends to use the capital to deepen its coverage of NCAP safety protocols and scale its cloud-based data-processing platform. Additionally, the funding will support the company's expansion into automotive markets in the United States and Asia.
About IVEX
Founded in 2018 as a spin-out from KU Leuven, IVEX was created to address the time-consuming manual processes involved in vehicle safety testing. Co-founded by Mario Torres and Quentin de Clercq, the company offers an AI-powered platform that uses computer vision and cloud data processing to automate analysis for driver assistance and autonomous driving systems.
Funding Details
Company Website: https://ivex.ai
Company: IVEX
Raised: €5M
Round: Series A
Funding Date: September 10, 2026
Additional Investors: The Faktory, Dedicated.lu, private investors
Software Category: Automotive Software
