IVEX raises €5 million to expand automotive safety testing globally

IVEX has closed a €5 million Series A round to speed up product development and widen its global reach in automotive safety testing. The Leuven-based deep-tech company plans to deepen NCAP protocol coverage, scale its data platform and extend its vehicle assessment technology to more markets.

Why it matters: - IVEX is building software for vehicle safety testing at a time when Advanced Driver Assistance Systems and autonomous driving are becoming more common. - The company’s tools are already used in official assessments, so the new funding could help expand how safety data is collected and scored across markets.

What happened: - IVEX raised €5 million in Series A funding. - The round was led by existing investors The Faktory and Dedicated.lu, with participation from private investors. - IVEX is based in Leuven, Belgium.

The details: - IVEX will use the capital to deepen coverage of NCAP protocols. - The company also plans to scale its data processing platform. - IVEX will expand its global presence. - The company provides technology for analysis, validation, testing and safety scoring of vehicles. - IVEX focuses on Advanced Driver Assistance Systems and Autonomous Driving systems. - IVEX is a trusted supplier to Euro NCAP. - The platform has been used in on-road testing campaigns in more than 20 countries, including markets across the EU, the UK, Australia, Brazil and Japan. - IVEX also added four directors to its board: Jan Leuridan, Omar Mohout, Simon Alexandre and co-founder Quentin de Clercq. - Jan Leuridan is the former CEO of Siemens Industry Software NV. - Omar Mohout is a director at Deloitte. - Simon Alexandre is a partner at The Faktory. - Quentin de Clercq now leads AI strategy at ASML in the United States. - IVEX co-founder and CEO Mario Torres remains on the board.

Between the lines: - The board changes suggest IVEX is pairing capital with senior operator and investor experience as it tries to scale beyond its current footprint. - A broader NCAP focus and wider international deployment point to a push for deeper integration into the vehicle safety testing ecosystem.

What's next: - IVEX plans to accelerate its engineering roadmap. - The company is expected to broaden its protocol coverage and expand further into international testing programs.

The bottom line: - IVEX is using fresh capital and new board expertise to push its automotive safety testing platform from a specialized supplier toward broader global scale.