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UK’s Behavox secures $100m investment from SoftBank Vision Fund 2

UK’s Behavox secures $100m investment from SoftBank Vision Fund 2

Mubasher: UK’s artificial intelligence (AI) start-up Behavox announced a $100 million investment from SoftBank Vision Fund 2.

Before making the investment, SoftBank Investment Advisers carried out a due diligence process for the compliance and employee-monitoring software company, according to a statement on Monday.

The founder and CEO of Behavox, Erkin Adylov, said, “We will be making heavy investments in our cutting-edge product and premier customer service, on which we have built our reputation.”

In 2019, Behavox boosted its revenues through a wide range of customers from Canada, Japan, Singapore, and the US.

 “We believe Behavox is at the forefront of the AI revolution and is driving new market standards for making internal communications data useful to a broad range of users, from compliance to analysis of insider threats, from archiving and data governance to CRM automation,” managing partner at SoftBank Investment Advisers, Munish Varma, pointed out.

Behavox plans to launch a global client roadshow in the next months to attract investors in major cities, including Singapore, Tokyo, Frankfurt, London, New York, Chicago, San Francisco, Montreal, and Toronto.