When was IVEX founded?

IVEX was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is IVEX located?

IVEX is headquartered in Leuven, Belgium.

How many employees does IVEX have?

As of Aug 31, 2026, the latest employee count at IVEX is 35.

Is IVEX a funded company?

IVEX is a funded company, having raised a total of $7.12M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 19, 2020.

When was the latest funding round of IVEX?

IVEX's latest funding was a $***** Series A round on Sep 10, 2026, with participation from 2 investors. Its primary sector is Autonomous Vehicles. Globally, the Autonomous Vehicles sector has seen $20.4B in funding in 2026 to date.

Where does IVEX rank among its competitors?

IVEX ranks 3rd amongst 81 active competitors, of which 17 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was IVEX, which secured $5.82M in Sep, 2026.

Who are the top competitors of IVEX?

IVEX's top competitors include Applied Intuition, Foretellix and Cognata. Among them, IVEX secured the most recent funding round in September, 2026.

IVEX - 2026 Company Profile, Funding, Competitors & Financials

IVEX is a series A company based in Leuven (Belgium), founded in 2017. It operates as an AI-based provider of simulation and validation systems for autonomous vehicles. IVEX has raised $7.12M in funding from investors like PMV, Marc Jacobs and The Faktory. The company has 81 active competitors, including 17 funded and 9 that have exited. Its top competitors include companies like Applied Intuition, Foretellix and Cognata.

Company Details

AI-based provider of simulation and validation systems for autonomous vehicles. The platform develops software systems for the simulation and validation of high-level behavior planning and decision-making technologies used in autonomous vehicles. The software assesses autonomous vehicles based on safety constraints, regulation rules, complex real-life scenarios, and moral perceptions.

Website: ivex.ai
Email ID: *****@ivex.ai
Phone Number: +32 **********

Key Metrics

Founded Year

2017

Location

Leuven, Belgium

Stage

Series A

Total Funding

$7.12M in 3 rounds

Latest Funding Round

Series A, Sep 10, 2026, $*****

Investors

PMV & 7 more

Ranked

3^rd among 81 active competitors

Employee Count

35 as on Aug 31, 2026

Similar Companies

Applied Intuition & 96 more

View IVEX's full profile

IVEX is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
IVEX CIN: 0684.924.819 , Belgium, Active	Nov 21, 2017	-	8 (As on Dec 31, 2022)	-
IVEX NV CIN: 0684.924.819 , Belgium, Active	Nov 21, 2017	-	2 (As on Dec 31, 2020)	-

IVEX has raised a total funding of $7.12M over 3 rounds. Its first funding round was on Feb 19, 2020. Its latest funding round was a Series A round on Sep 10, 2026 for $*****. 2 investors participated in its latest round. IVEX has 8 institutional investors.

Here is the list of recent funding rounds of IVEX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 10, 2026	2974133	Series A	2363657	8332258	6146759	7106983
Feb 23, 2023	4562872	Seed	8830234	8492046	5935357	Dedicated & 4 more
Feb 19, 2020	5250439	Seed	8146833	8512331	SPDG Ventures & 4 more	3383682

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IVEX's employee count trend

IVEX has 35 employees as of Aug 26. Here is IVEX's employee count trend over the years:

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Top competitors of IVEX include Applied Intuition, Foretellix and Cognata. Here is the list of Top 10 competitors of IVEX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Applied Intuition 2017, Sunnyvale (United States), Series F	Developer of vehicle software, simulation, validation, and autonomy AI stacks	$1.2B	General Catalyst, Lux Capital & 44 others	68/100
2nd	Foretellix 2018, Ramat Gan (Israel), Series C	Developer of data automation platform for AI-powered autonomous vehicle stacks	$135M	83NORTH, Temasek & 23 others	68/100
3rd	IVEX 2017, Leuven (Belgium), Series A	AI-based provider of simulation and validation systems for autonomous vehicles	$7.12M	SPDG Ventures, PMV & 6 others	54/100
4th	Cognata 2016, Rehovot (Israel), Series B	Developer of simulation and autonomous driving validation and training platform	$23.5M	Scale Venture Partners, Maniv Mobility & 5 others	47/100
5th	Edge Case 2013, Pittsburgh (United States), Series A	AI‑powered safety intelligence and risk management platform	$19M	Yabeo, BlueTree Allied Angels & 8 others	46/100
6th	Nexar 2015, New York City (United States), Unfunded	Developer of artificial intelligence solutions for autonomous vehicles and smart cities	-	-	45/100
7th	Morai 2018, Series B	Developer of digital twin simulation platform for autonomous system testing	$24.9M	Kakao Ventures, Korea Credit Guarantee Fund ... & 6 others	43/100
8th	SimDaaS Autonomy. 2023, Kanpur (India), Seed	Provider of testing and simulation solutions for autonomous vehicles	$348K	MapmyIndia	41/100
9th	AVES Reality 2020, Garmisch Partenkirchen (Germany), Seed	AI-enabled simulation solution for autonomous vehicle	$3.15M	Bayern Kapital, Matterwave Ventures & 4 others	40/100
10th	Trace Machina 2023, Palo Alto (United States), Seed	Developer and provider of simulation infrastructure for the development of safety critical technologies in physical world AI	$4.7M	Wellington, Green Bay Ventures & 6 others	39/100