IVEX raises €5M to scale car-safety testing across new markets
What's the deal? Belgian deep-tech company IVEXDealroom has a profile for this one. Try Dealroom → has closed a €5 million Series A round to speed up product development and expand globally. The round was led by existing investors The Faktory and Dedicated.lu, with participation from private investors.
What does it do? Leuven-based IVEX builds software for analysis, validation, testing, and safety scoring of vehicles, focused on Advanced Driver Assistance Systems and autonomous driving. It is a trusted supplier to Euro NCAPDealroom has a profile for this one. Try Dealroom →, the European vehicle safety assessment body.
What's the money for? IVEX plans to deepen coverage of NCAP protocols, scale its data processing platform, and extend into more markets. Its platform has already been used in on-road testing campaigns across more than 20 countries, including the EU, the UK, Australia, Brazil, and Japan.
Why now? Advanced Driver Assistance Systems and autonomous driving are becoming more common, raising demand for standardised safety testing. IVEX's tools are already used in official assessments, so the funding could help expand how safety data is collected and scored across markets.
Who's steering it? IVEX added four directors to its board: Jan Leuridan, former chief executive officer of Siemens Industry Software NVDealroom has a profile for this one. Try Dealroom →; Omar Mohout, a director at DeloitteDealroom has a profile for this one. Try Dealroom →; Simon Alexandre, a partner at The Faktory; and co-founder Quentin de Clercq, who now leads AI strategy at ASML in the US. Co-founder and chief executive officer Mario Torres remains on the board.
The signal: The round pairs capital with senior operator and investor experience, pointing to a push for deeper integration into the global vehicle safety testing ecosystem — moving IVEX from a specialised supplier toward broader scale.
Read more: internationaltechtimes.com
Image credit: jurvetson
