Belgium
IVEX, founded in 2018 and headquartered in Belgium, develops cutting-edge tools and software components to validate and ensure the safety performance of automated vehicles, notably those operating at levels L2-L3-L4. Their tagline, "Repeatable and Scalable testing & validation for L2-L3-L4 vehicles," encapsulates their focus on this vital aspect of vehicle automation.
The company originated from the University of Leuven (KUL) and boasts a culturally diverse team from 10 countries. This diversity underpins their strong engineering capabilities and robust software solutions, fostering collaborations with a wide spectrum of industry stakeholders. A strategic partnership with global giant Siemens further positions IVEX for significant growth in the high-tech sector.
In a recent funding round on 01 January 2023, IVEX secured a $2.30M seed investment from a consortium of investors including Noshaq, PMV, SPDG, The Faktory, and Dedicated Venture Capital. This financial backing supports their ongoing mission to lead advancements in automated vehicle safety validation.
