The deep-tech company is turning terabytes of driving data into traceable safety assessments while keeping human experts in control
Leuven, Belgium – 10 September 2026 – IVEX, a deep-tech startup developing technology for automotive safety testing, has raised €5M 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, alongside private investors. IVEX will use the funding to deepen its coverage of NCAP protocols, scale its data-processing platform and bring its technology to new automotive markets with a focus on the United States and Asia.
Assessing increasingly sophisticated automotive technologies – e.g., driver assistance systems (ADAS) and autonomous driving systems (AD) – requires testing organisations and manufacturers to review large volumes of camera, sensor and vehicle data. In on-road tests, engineers have traditionally had to examine footage, identify road signs and conditions, compare them with dashboard information and determine whether the vehicle responded correctly. Such manual analysis cannot scale without a proportional increase in engineering work.
IVEX was created to address this problem. Its platform uses computer vision, AI and cloud-based data processing to automate the most time-consuming parts of on-road vehicle safety testing. The technology can simultaneously interpret the car surroundings capturing for example speed limits and other signs, read what the vehicle displays to the driver and compare the multiple signals automatically. The resulting analysis helps determine for example whether the vehicle recognised the relevant road information and responded as required by the applicable safety protocol.
95% Less Engineering Time Spent on Data Analysis
The aim is not to remove expert judgement from vehicle safety testing. IVEX operates with a human-in-the-loop model, allowing engineers to review the platform’s output and retain control over the final assessment. But IVEX’s technology can cut the time engineers spend analysing data by more than 95%. In one example, the platform processed 400 hours of multi-sensor driving data with only 8 hours of engineering time.
“Vehicle safety testing generates enormous amounts of data, but much of its analysis still depends on repetitive manual work,” said Mario Torres, co-founder and CEO of IVEX. “AI and rigorous mathematical algorithms allows us to make the testing process significantly faster and more scalable while keeping engineers in control and ensuring that every result remains traceable to the original data. With this funding, we can deepen the capabilities of our platform and bring IVEX technology to North America and Asia.”
IVEX’s long-term goal is to build the operating system for automotive safety testing: an AI-powered platform on which different safety protocols, testing requirements and vehicle functions can operate as applications. The platform’s underlying models improve as IVEX processes data from additional vehicles and driving environments. This creates a continuously expanding foundation for current and future automotive safety-testing applications.
IVEX is a trusted supplier to Euro NCAP, providing technology used in official vehicle assessments. Its platform has also been deployed in on-road testing campaigns across more than 20 countries, including markets throughout the EU, the UK, Australia, Brazil, and Japan. The startup has accumulated more than 100,000 kilometres of driving data and worked with data from more than 50 vehicle models. Founded in 2018 as a spin-out from KU Leuven, IVEX holds six patents, including one in the United States, and is ISO 27001 certified.
Expansion into North America and Asia
The Series A will allow IVEX to build on its position in Europe and establish a stronger presence in the world’s other major automotive markets, including North America and Asia. The company plans to bring its AI-powered testing and data-processing technology to regulators, testing institutions and automotive companies operating in these regions. IVEX will also continue expanding the range of NCAP protocols supported by its platform and strengthening the underlying infrastructure required to process larger volumes of data across additional countries, vehicle types and testing environments.
Strengthened Board of Directors
Alongside the funding round, IVEX has strengthened its Board of Directors with Jan Leuridan, former CEO of Siemens Industry Software NV; Omar Mohout, Director at Deloitte; Simon Alexandre, Partner at The Faktory; and IVEX co-founder Quentin de Clercq, who now leads AI strategy at ASML in the United States. They join IVEX co-founder and CEO Mario Torres on the board.
