IVEX

What IVEX does

IVEX NV, founded in 2018 as a spin-off from KU Leuven and headquartered in Heverlee, Belgium, develops software for the repeatable and scalable testing and validation of Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) vehicles. Its platform comprises three core products: the cloud-based Data Analytics Platform for processing, scenario-mining, KPI aggregation, and digital twin generation across petabytes of multi-sensor vehicle data; the embedded Trajectory Checker, a runtime validation module that monitors planned trajectories against safety policies across L1-L4 autonomy levels and is built on a patented AI-powered process for explainable safety model creation; and the NCAP Evaluator, which serves as Euro NCAP's official software for data processing and scoring under the 2026-2028 protocols. The company also offers the On-Road SLIF Evaluation service, delivering Euro NCAP-style Speed Limit Information Function scoring in approximately nine days per vehicle.

The business model combines enterprise software licensing (subscription-based, annual cadence, quote-priced) with professional services for instrumented on-road testing campaigns, NCAP scoring, and consulting. Go-to-market is a hybrid of direct enterprise field sales to automotive OEMs, Tier 1 suppliers, and testing organizations, supplemented by channel partnerships with Siemens (integration into Simcenter SCAPTOR/Prescan and inclusion in Siemens' global sales price books on AWS) and HORIBA MIRA / MIRA China for APAC distribution. Revenue is generated across three primary segments: automotive OEMs and Tier 1 suppliers (primary), testing and validation service providers (primary), and regulatory/rating bodies plus government infrastructure entities (secondary). Notable customers and partners include Euro NCAP, Einride, Siemens, Royal HaskoningDHV, and MIRA China, with technology-development relationships referenced with BMW, Continental, Ericsson, IDIADA, Nvidia, ZF, Renault, Stellantis, and Toyota. The company holds ISO 27001 certification, has raised approximately $2.4M in seed funding (February 2023), and operates a global footprint spanning Europe, North America, and Asia Pacific.

Name

IVEX

Legal name

IVEX NV

Website

https://ivex.ai

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

IVEX NV is a Belgian deep-tech company, spun out of KU Leuven in 2018, that builds ADAS/AD testing and validation software, including a cloud Data Analytics Platform, an embedded Trajectory Checker, and the official Euro NCAP Evaluator for the 2026-2028 testing protocols, sold to automotive OEMs, Tier 1 suppliers, and testing organizations globally.

Ownership category

akta.pro rank

Product category

Automotive ADAS/AD Testing and Validation Software

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Computer Systems Design Services (541512)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Services-Computer Programming Services (7371)

akta.pro industry

PRIMARYHDAAAEAI

Autonomous Driving & ADAS Perception

Hardware, Technology & Telecom/Artificial Intelligence & Machine Learning/Computer Vision & Video Analytics

SECONDARYTLAEAFAG

Video Telematics, ADAS & AI Dashcams

Transportation & Logistics/Logistics Technology & Telematics (TMS/WMS, Tracking, ELD/IoT)/Fleet Telematics & Connected Vehicle IoT Platforms

Keywords

• ADAS testing software
• Autonomous vehicle validation
• ADAS data analytics
• Euro NCAP evaluation
• Runtime trajectory validation

Headquarters

HQ city

Heverlee

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Platform Licenses: IVEX generates revenue through licensing its software platforms including the Data Analytics Platform and Trajectory Checker. These are offered as enterprise solutions to automotive companies for testing and validation of ADAS/AD systems.
2. Professional Services: IVEX offers professional services including On-Road SLIF Evaluation, consulting, integration, and support services. These complement the software offerings and drive additional revenue from enterprise customers requiring hands-on implementation and evaluation services.
3. Testing and Evaluation Services: IVEX provides testing and validation services including on-road robustness evaluation, NCAP testing support, and data processing services. These are offered as part of partnerships with organizations like Euro NCAP and through direct customer engagements.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

IVEX develops software for the repeatable and scalable testing and validation of Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) vehicles. Its offering comprises a cloud-based Data Analytics Platform, an embedded Trajectory Checker for runtime validation, and the NCAP Evaluator which serves as the official software used by Euro NCAP for 2026-2028 safety testing protocols. The company sells these products to automotive OEMs, Tier 1 suppliers, and testing organizations worldwide.

Product overview

IVEX offers a modular software platform for ADAS/AD testing and validation, comprising three core products: the Data Analytics Platform (cloud-based modular system for processing, evaluating, and inspecting driving data with customizable pipelines, scenario mining, and digital twin export), the Trajectory Checker (embedded runtime validation software for real-time safety monitoring of planned trajectories across L1–L4 autonomy levels), and the NCAP Evaluator (Euro NCAP's official 2026-2028 testing software for Safe Driving, Crash Avoidance, and Crash Protection evaluation). These are complemented by On-Road SLIF Evaluation, a managed service covering the complete Euro NCAP SLIF assessment workflow. IVEX also provides On-Road Robustness Evaluation consulting in partnership with Euro NCAP. The platform processes multi-sensor vehicle data (LiDAR, cameras, GNSS, vehicle state, object lists, lane lines) to identify edge cases, extract driving scenarios, and generate safety KPIs.

Differentiator

Problem solved

Functional benefit

Products and services

• NCAP Evaluator Comprehensive software platform used by Euro NCAP for data processing, score calculations, and scenario analysis across the 2026-2028 safety testing protocols. Covers Safe Driving (including On-Road SLIF evaluation), Crash Avoidance (AEB, LKA), and Crash Protection assessment phases. Analyzes approximately 2000 km of on-road route data per vehicle for Euro NCAP-accredited test laboratories.
• Data Analytics Platform Cloud-based modular platform for processing, evaluating, and inspecting driving data at scale. Offers customizable pipelines and workflows, scenario mining and identification, KPI aggregation over terabytes of multi-sensor vehicle data, ODD detection, and OpenScenario XML export for digital twin generation. Designed for engineering to management user levels.
• Trajectory Checker (TC) Embedded runtime validation software component for ADAS/AD systems. Performs real-time safety analysis of planned trajectories across three levels: L4 autonomous driving (full system supervision), L2+/L3 ADAS for commercial vehicles, and L1/L2 for buses and trucks. Combines perception-level checks, planning-level behavior conformance, and functional-level hardware/software anomaly detection, using a patented AI-powered process that creates explainable safety models.
• On-Road SLIF Evaluation End-to-end managed service for Euro NCAP On-Road SLIF (Speed Limit Information Function) assessment. Covers vehicle instrumentation, approximately 2000 km data collection across highway, interurban, and urban routes (day and night), automated machine-learning-based speed limit detection, event-based and distance-based KPI calculation, and human-in-the-loop data inspection. Uses IVEX's official Euro NCAP SLIF software with results fully aligned with official test outcomes.

Quantifiable outcome

• IVEX tools played a key role in deploying the world's first driverless truck on a public road
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability8 records

Feature7 records

Partnerships

Six partnerships are on record, tiered strategic, core and secondary.

• EricssonstrategicStrategic or Co-development Partner · 22 January 2025IVEX and Ericsson are collaborating in the EU-funded DynoSafe project to advance the concept of Dynamic Operational Design Domain (ODD). The project integrates network performance measurement into the ODD of Advanced Driver Assistance Systems, enhancing safety measurements for automated driving systems.
• EinridecoreTechnology or Integration · 11 December 2024Einride has been relying on IVEX's software tools for three years to support the development of its autonomous vehicle technology, including safety validation, data analytics, and runtime monitoring. IVEX's Trajectory Checker and Data Analytics modules have been instrumental in deploying the world's first driverless truck on a public road.
• MIRA China (HORIBA MIRA)coreChannel Partner/ Reseller/ Distributor · 3 September 2024MIRA China signed a strategic partnership and software representation agreement with IVEX to help OEMs perform Euro NCAP on-road evaluation and support L3 regulatory and consumer assessment functional verification in the Asia Pacific region. MIRA distributes IVEX's NCAP On-Road Evaluation software and integrates it with their VERICAV scenario generation toolchain.
• Euro NCAPcoreStrategic or Co-development Partner · 1 March 2024Euro NCAP partnered with IVEX for the world's first on-road robustness evaluation and assessment initiative. IVEX provides data analytics, reporting, and tools for developing protocols for on-road robustness evaluation for active safety systems. IVEX's NCAP Evaluator is now the official software used by Euro NCAP for 2026-2028 safety testing protocols, handling data processing and score calculations.
• Siemens Digital Industries SoftwarecoreStrategic or Co-development Partner · 1 January 2024Siemens and IVEX partnered to bring innovative solutions to testing and validation of ADAS/AD systems. The partnership integrates IVEX software within Siemens' infrastructure, including Simcenter SCAPTOR and Simcenter Prescan. IVEX solutions are included in Siemens' sales price books and deployed on AWS infrastructure as an end-to-end AV platform.
• Royal HaskoningDHV (RHDHV)secondaryStrategic or Co-development Partner · 1 June 2023RHDHV and IVEX joined forces to revolutionize road infrastructure using IVEX's ADAS/AD data analytics software. The collaboration aimed to transform roads for the future of transportation, identifying hotspots and system limitations while providing innovative solutions for road safety optimization.

Scale indicators5 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Foretellix: Israeli startup providing scenario-based verification and validation platforms for ADAS and autonomous driving. Closely comparable to IVEX in offering data-driven scenario coverage metrics and KPI-based safety analysis for AV development.
• dSPACE: German provider of simulation and validation tools for embedded systems in automotive, with strong ADAS/AD validation offerings. Comparable as a direct supplier of validation software and hardware-in-the-loop tools to the same OEM and Tier 1 customer base.
• Applied Intuition: US-based supplier of simulation and validation infrastructure for autonomous vehicle development. Comparable as a software-first ADAS/AV validation platform serving automotive OEMs and AV developers, with overlapping scenario-generation and coverage tooling.
• Cognata: Israeli AV simulation platform providing virtual testing environments and scenario generation for autonomous driving. Comparable as an ADAS/AV validation vendor targeting automotive engineering teams with digital-twin-style scenario tooling.

Broad incumbents

• Siemens Digital Industries Software (Simcenter): Large incumbent simulation and validation suite (Simcenter SCAPTOR, Prescan) used across automotive OEMs. Both a partner (integrates IVEX) and a broad competitor given overlapping ADAS/AV validation capabilities sold to the same global enterprise accounts.
• NVIDIA (DRIVE Sim): NVIDIA DRIVE Sim provides large-scale simulation for AV development on the DRIVE platform, with broad reach into automotive developers. Comparable as a broad incumbent offering simulation-driven ADAS/AD validation and perception testing, and IVEX is a member of NVIDIA Inception.
• AVL: Austrian automotive engineering services and toolchain provider with ADAS/AD validation and testing solutions. Comparable as a broad incumbent serving OEMs and Tier 1s with integrated simulation, testing, and validation capabilities for ADAS.
• HORIBA MIRA: UK-based automotive engineering consultancy and test house, also a direct IVEX channel partner (MIRA China). Comparable as a broad incumbent offering ADAS/AV testing services and scenario tooling to global OEMs, overlapping with IVEX's customer segments.

Emerging players

• Wayve: UK-based AV startup developing AI-driven autonomous driving software. Comparable as an emerging player operating in the AV validation ecosystem that relies on the same scenario-based and data-driven testing methodologies IVEX supports.
• Oxbotica: UK AV software company focused on universal autonomy for industrial and mobility applications. Comparable as an emerging player deploying autonomous systems that depend on the type of runtime validation and scenario-based safety analysis IVEX provides.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@ivexai9090
• LinkedInlinkedin.com/company/ivextechnology

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IVEX