Founded in 2017, IVEX aims to reduce the number of road casualties to zero by 2030. Recently, the company of former University of Leuven (Belgium) researchers specialising in software for self-driving cars has raised €1.2 million from investors, including – the Flemish investment company PMV, Noshaq, The Faktory, Marc Jacobs and SPDG.
With the funding, IVEX aims to accelerate the roll-out of its two marketable products, the Safety Co-Pilot and the Safety Assessment Tool. IVEX.
- Safety Co-Pilot – It is used to assess every decision made by the self-driving software, against the car safety requirements.
- Safety Assessment Tool – It is a tool that car manufacturers use during the development of autonomous cars to accelerate testing and validation. The tool generates a thorough safety report as an assessment of how safe driving is.
For the uninitiated, IVEX focuses primarily on technology applicable in self-driving cars, but the methods can also be applied within other sectors where the safety of an autonomous decision must be checked.
Mario Torres, CEO of IVEX, explains:
The confidence of big names in the automotive sector confirms the potential of our technology. We are therefore pleased with the entry of several investors who, like IVEX, recognise the importance of accelerating the roll-out within a sector that is on the eve of a series of important developments, specifically aimed at reducing the number of road casualties through the use of new technologies.
Main image credits: IVEX
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