KU Leuven spin-out IVEX lands €5 million to accelerate AI-powered automotive safety testing
IVEX, a Heverlee-based DeepTech startup developing technology for automotive safety testing, has raised €5 million in Series A to accelerate its engineering roadmap and expand its presence in North America and Asia. The round was backed by existing investors, The Faktory and Dedicated.lu, as well as private investors. Alongside the funding round, IVEX has strengthened […] The post KU Leuven…
IVEX, a Heverlee-based DeepTech startup founded in 2018 as a spin-out from KU Leuven, has secured €5 million in Series A funding to accelerate its AI-powered automotive safety testing technology and expand its presence in North America and Asia. The funding round was led by The Faktory and Dedicated.lu, with additional support from private investors.
IVEX's board now includes Jan Leuridan, Omar Mohout, Simon Alexandre, and Quentin de Clercq, who leads AI strategy at ASML in the United States. The technology uses computer vision, AI and cloud-based data processing to automate the analysis of vehicle safety testing, reducing engineering time by over 95%. IVEX aims to build an AI-powered operating system for automotive safety testing, improving its models as it processes data from more vehicles and driving environments.
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