The project is developed by Galois. From their website[1], "Galois is a privately held U.S.-owned and -operated company established in 1999 in Portland, Oregon."

So they started at probably one of the worst times to start a tech company (right at the dot-com bust) and are still around.

That says nothing about whether Ivory will get any traction, but at least there's an apparently stable company behind it.

[1] https://galois.com/about/