Softbank leads $100 million investment in Behavox, the world’s only end-to-end data operating platform

SoftBank is back on strong footing again. Today, Behavox, a provider of an AI-driven platform that helps organizations to mitigate compliance, cyber and conduct risk, while identifying revenue opportunities in large volumes of communications data, announced it has raised a $100 million investment from SoftBank Vision Fund 2.1.

Founded in 2014 Erkin Adylov, Alexander Glasman, Kiryl Trembovolski, Roman Zelov, and Slav Slavinski, the New York City-based Behavox is an enterprise platform that unifies all types of data into a single data lake, allowing users to query the data and apply machine learning to identify capital markets misconduct and insider threats. Powered by machine learning and advanced analytics, Behavox is an organization’s single entry point for all internal data.

Separate Behavox installations form the network defense that aggregates misconduct detection algorithms. The network then uses machine learning and AI to optimise detection algorithms and suggest new ones. This innovation enables the “brains” to the system to continuously improve and evolve.

Complex, high-load and sophisticated engineering is at the core of all the products that Behavox develops to enable deployment at the largest institutions in financial services. They are taking cutting-edge academic research and applying it to enterprise problems that require complex backend engineering with large-scale production footprint.

“Behavox is proud to count 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,” the company said in a statement.

In 2019, Behavox increased revenues through a diverse mix of customers from Canada, Japan, Singapore, and the United States. The firm further diversified across industry verticals by adding 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.