Softbank invests in AI firm Behavox

The Softbank Vision Fund 2 has made a $100 million investment in Behavox, an end-to-end data operating platform that relies on artificial intelligence in allowing companies to aggregate and analyze their in-house data. Behavox said it is powered by machine learning and advanced analytics and offers organizations a way to mitigate compliance, cyber and conduct risk, while identifying revenue opportunities in large volumes of communications data. Some of its clients include Jefferies, hedge funds such as Balyasny Asset Management, sovereign wealth funds and private equity firms. “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, which has yet to close the Vision 2 fund. SoftBank is also a client of Behavox and Varma added that the team at SoftBank are believers in the Behavox mission to organize all corporate communications data on earth to add value for successful companies. Following SoftBank Vision Fund 2’s investment, CEO and Founder Erkin 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. Following the announcement, New York City-based Behavox is planning a global client roadshow in the coming months. Behavox will be meeting with its clients (and prospects) in major cities including Singapore, Tokyo, Frankfurt, London, New York, Chicago, San Francisco, Montreal and Toronto to discuss its most recent 2019 results.

Softbank invests in AI firm Behavox

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