IVEX raises €5 million Series A to scale automotive safety testing technology globally

IVEX, a deep-tech company building technology for automotive safety testing, has raised €5 million in Series A funding to accelerate its engineering roadmap and expand globally.

The round was backed by existing investors The Faktory and Dedicated.lu, alongside private investors.

IVEX will use the funding to deepen its coverage of NCAP protocols, scale its data processing platform, and grow its global presence.

Alongside the funding round, IVEX has strengthened its Board of Directors with Jan Leuridan, former CEO of Siemens Industry Software NV; Omar Mohout, Director at Deloitte; Simon Alexandre, Partner at The Faktory; and IVEX co-founder Quentin de Clercq, who now leads AI strategy at ASML in the United States. They join IVEX co-founder and CEO Mario Torres on the board.

IVEX provides technology for the analysis, validation, testing, and safety scoring of vehicles, specially focusing on evaluating Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) systems.

IVEX is a trusted supplier to Euro NCAP, providing technology used in official vehicle assessments. Its platform has also been deployed in on-road testing campaigns across more than 20 countries, including markets throughout the EU, the UK, Australia, Brazil, and Japan.

“Regulators, testing institutions and car makers need objective and scalable ways to evaluate the safety performance of vehicles. This funding lets us bring the technology we’ve built to North America and Asia, and support the stakeholders doing this work there.” — Mario Torres, co-founder and CEO, IVEX