Observed Signal · Sep 10, 2026 · Funding · Source: EU-Startups (European Venture) · Impact: 2/5 · Sentiment: Positive
KU Leuven Spin-out IVEX Raises €5M for AI Automotive Testing
IVEX, a Heverlee-based DeepTech startup, has secured €5 million in a Series A funding round to accelerate its engineering roadmap and expand into North America and Asia. The company, spun out from KU Leuven in 2018, develops AI-powered technology for automotive safety testing, specifically for analyzing Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) systems. The funding round was backed by existing investors The Faktory and Dedicated.lu, along with private investors. New board members include Jan Leuridan, Omar Mohout, Simon Alexandre, and Quentin de Clercq. IVEX's platform uses computer vision and AI to automate the analysis of on-road test data, reducing engineering time by over 95%. The company is a trusted supplier to Euro NCAP and has deployed its platform in over 20 countries.
Relevant to AdTech/AI as it involves AI-powered testing automation, but peripheral to core advertising technology.
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Key Takeaways & Evidence Grounding
- IVEX raised €5 million in Series A funding.
- IVEX is a spin-out from KU Leuven, founded in 2018.
- Investors include The Faktory and Dedicated.lu, along with private investors.
- IVEX's platform has been deployed in on-road testing campaigns across more than 20 countries.
- IVEX holds six patents and is ISO 27001 certified.
Connected Companies & Entities
2 Entities mapped“Omar Mohout, Director at Deloitte....”
“IVEX co-founder Quentin de Clercq, who now leads AI strategy at ASML in the United States....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Exein Raises $270M at $1.7B Valuation, Claims Europe's Cybersecurity Scaleup Title
Exein, a Rome-based Physical AI cybersecurity company, has raised $270 million (€234 million) in Series C funding at a $1.7 billion valuation, making it Europe's most valuable cybersecurity startup. The round was led by Headline, with participation from Sofina, Goldman Sachs, the European Investment Bank Group, KfW Capital, Deutsche Telekom's T.Capital, and existing investors. Exein provides kernel-level runtime security for IoT and physical AI devices via its product Photon, securing over two billion connected devices across aerospace, industrial automation, automotive, energy, healthcare, and semiconductors. The company faces about 5,000 new attacks weekly, five times more than a year ago, and is growing 400% year-over-year. The funding will accelerate US and APAC expansion, including a San Francisco Bay Area office, fuel M&A, and support development of a foundational model for physical AI security, expected by Q1 2027. Exein also benefits from the EU's Cyber Resilience Act.
Inbolt Raises €11M for Real-Time Robot Vision
Paris-based industrial robotics company Inbolt has raised €11 million in funding to support its international growth and entry into data centre and electronics manufacturing sectors. The round was led by Shift4Good, with participation from Bridges Climate Transition Partners, BNP Paribas Développement, and Ora Global, bringing total funding to €30 million. Inbolt's technology enables industrial robots to perceive and adapt to their environment in real time using 3D vision and a hardware-agnostic AI software layer. The system runs on major robot platforms and is deployed on over 200 robots in more than 100 factories across three continents, with customers including Bosch, Beko, Flex, Ford, Stellantis, and Toyota. The company will use the funds to expand in the US and APAC, having opened a Detroit office in 2026.
Dutch AI chip startup EUCLYD raises €200M Series A
Dutch semiconductor startup EUCLYD, based in Eindhoven, has raised over €200 million in a Series A funding round to develop ultra-efficient infrastructure for foundation AI models. The round was co-led by Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund, and Innovation Industries, with additional participation from EIFO, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter Wennink, former CEO of ASML, joins as Chairman. Founded in 2024 by Bernardo Kastrup and Atul Sinha, EUCLYD focuses on compute and memory bottlenecks in AI data centers, offering products like 'craftwerk' and 'craftwerk station CWS'. The funding will be used to expand engineering teams, accelerate product development, and target enterprise, government, and hyperscale markets.
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