---
title: "IVEX’s €5M Series A: Faktory Funds Automotive Safety Testing AI"
description: "Belgian Euro NCAP supplier IVEX raised €5M (~$5.9M) Series A on Sep 10, 2026 from The Faktory and Dedicated.lu to export ADAS/AD safety-test automation into North America and Asia."
date: 2026-09-13T00:00:00.000Z
source: https://venturecapitaltracker.com/2026-ivex-5m-eur-series-a-faktory-automotive-safety
---

# IVEX’s €5M Series A: Faktory Funds Automotive Safety Testing AI

> Belgian Euro NCAP supplier IVEX raised €5M (~$5.9M) Series A on Sep 10, 2026 from The Faktory and Dedicated.lu to export ADAS/AD safety-test automation into North America and Asia.

**[IVEX](/startup/ivex)** raised **€5 million** (~**$5.9 million**) Series A on **September 10, 2026**, backed by existing investors **The Faktory** and **Dedicated.lu** plus private investors (company; Automotive World). Valuation was **not disclosed**.

ADAS content is exploding; safety labs still burn engineer-weeks staring at camera and sensor footage. IVEX is the automation layer Euro NCAP already trusts — now trying to export that trust.

## Key facts

| Field | Detail |
| --- | --- |
| Company | [IVEX](/startup/ivex) ([ivex.ai](https://ivex.ai)) |
| Round | **€5M** Series A (~**$5.9M**) |
| Backers | The Faktory; Dedicated.lu; private investors (existing) |
| Origin | KU Leuven spin-out (2018); CEO Mario Torres |
| Proof | Euro NCAP technology supplier |
| Traction (company) | **20+** countries; **>100,000** km; **50+** vehicle models; **6** patents; ISO 27001 |
| Efficiency claim (company) | **>95%** less engineering time on analysis (e.g. **400** hours of data with **8** hours of engineer time) |

## Who uses the product — and for what job

**Users:** regulators and testing institutions (starting with Euro NCAP), OEMs, and suppliers validating ADAS/AD behavior.

**Job:** ingest multi-sensor on-road footage → automatically read road context and vehicle displays → compare signals against protocol requirements → leave final judgment with human engineers.

IVEX’s long-term product thesis is an **operating system for automotive safety testing** — protocols and vehicle functions as applications on shared models that improve with more data.

## Why now

- Driver-assistance features are proliferating faster than manual review capacity.
- NCAP protocols keep expanding; labs need scalable, traceable scoring across countries and vehicle types.
- North America and Asia are the growth markets once a European regulatory reference exists.

## Why The Faktory / Dedicated.lu — portfolio fit

This is a **follow-on Series A from existing European deep-tech investors**, not a Silicon Valley AI tourist check. That usually means the buyers already lived through early technical risk and are funding geographic and protocol expansion.

Board adds (company) reinforce the industrial-software path: Jan Leuridan (ex-Siemens Industry Software CEO), Omar Mohout (Deloitte), Simon Alexandre (The Faktory), and co-founder Quentin de Clercq (now AI strategy at ASML).

*The Faktory and Dedicated.lu have *

## Competitive map

| Approach | Role | IVEX wedge |
| --- | --- | --- |
| Manual engineer review | Still required for judgment | Automate the repetitive 95% |
| OEM in-house tools | Captive to one stack | Independent supplier used in official assessments |
| Generic CV labeling vendors | Data labeling, not protocol OS | NCAP protocol coverage + safety scoring |

## What to watch

- US/Asia wins that cite local NCAP or regulator programs, not only European campaigns.
- Whether the “OS for safety testing” roadmap becomes multi-protocol product SKUs or stays custom projects.
- Independent validation of the 95% time-savings claim beyond company examples.

## Sources

- [IVEX announcement](https://ivex.ai/news/series-a)
- [Automotive World](https://www.automotiveworld.com/news/ivex-raises-e5m-to-expand-safety-testing-worldwide/)
- [FinSMEs](https://www.finsmes.com/2026/09/ivex-raises-e5m-in-series-a-funding.html)
- Day tape: [Sep 9–12 roundup](/2026-september-9-12-investment-news-perry-wint-aqua-faze-ivex) · Month: [September 2026 VC news](/2026-september-vc-news)

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.