Deal Dive: This AI startup is racking up government customers

Tax evasion, money laundering and other financial crimes are massive, costly issues. In 2021, the Internal Revenue Service estimated that the U.S. loses $1 trillion a year due to tax evasion alone. IVIX thinks AI can help with that.
The Tel Aviv–based startup uses AI, machine learning and public databases of business activity to help government entities spot tax noncompliance, in addition to other financial crimes. IVIX was founded by Matan Fattal and Doron Passov in 2020. Fattal was working at his prior cybersecurity startup, Silverfort, at the time, but when he discovered how large of an iss

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