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IVIX secures 60 million dollars for its Series B funding round to combat cryptocurrency crime.
IVIX has successfully raised 60 million USD in a Series B round led by OG Venture Partners, aimed at developing an AI-based compliance solution to combat financial crimes related to cryptocurrency. This move reflects the global trend of increasing AI application in the AML/KYC field, following in the footsteps of CipherTrace and Chainalysis.
According to CoinMarketCap, Bitcoin (BTC) is currently trading at 115,226.72 USD with a market capitalization of 2.29 trillion USD. In the past 24 hours, BTC has decreased by 2.63% and lost 4.09% over the week, but it has still increased by 9.90% in the last 90 days.
CEO and co-founder of IVIX, Matan Fattal, stated that the company is committed to bringing compliance operations into the digital age to combat financial crime while expanding capabilities and developing advanced financial technology solutions.