NEW YORK – Behavox, the world’s only end-to-end Data Operating Platform that enables companies to aggregate, analyze, and act on their entire organization’s data, announced a $100 million investment from SoftBank Vision Fund 2.
Behavox was founded in 2014 and moved its headquarters from London to New York City at 180 Maiden Lane in 2018.
Powered by machine learning and advanced analytics, Behavox’s machine learning software enables firms to search and generate immediate insights from enormous amounts of employee-generated data, including emails, text messages, trade data and voice calls, all tracked in real-time.
The software enables organizations to mitigate compliance, cyber and conduct risk, while identifying revenue opportunities in large volumes of communications data.
Behavox counts SoftBank Investment Advisers among its customer base, which also includes banks such as Jefferies, hedge funds such as Balyasny Asset Management, mining companies such as Anglo American, sovereign wealth funds and private equity firms.
In 2019, Behavox said it increased revenues through a diverse mix of customers from Canada, Japan, Singapore, and the United States. The firm also added customers in the technology and energy sectors.
“This investment will allow Behavox to further focus on and invest in the needs of our customers, who are at the heart of everything we do at Behavox,” said Erkin Adylov, Founder and Chief Executive Officer of Behavox. “We are excited about being able to bring our software to more customers around the world. We will be making heavy investments in our cutting-edge product and premier customer service, on which we have built our reputation.”
SoftBank Investment Advisers performed extensive due diligence on Behavox prior to making the investment. It started by purchasing the Platform and witnessing the value proposition of Behavox as a user first-hand.
“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,” said Munish Varma, Managing Partner at SoftBank Investment Advisers. “We’ve experienced the incredible insights and sophisticated analysis of the Behavox platform and are firm believers in their mission to organize all corporate communications data on earth to add value for successful companies.”
Following SoftBank Vision Fund 2’s investment, Adylov and key employees remain the largest shareholders in the business, which will continue to prioritize clients and stakeholders alike with a focus on industry-leading execution.