London-based Behavox has raised $175 million in a preferred equity investment from funds and accounts managed by HPS Investment Partners, part of BlackRock, marking the company’s first equity financing since SoftBank’s $100 million investment in 2020.
The AI company, which provides communications surveillance, trade surveillance, regulatory data retention, and policy management through a unified controls platform, said the funding will be used to accelerate global growth, expand its Unified Controls Platform, pursue disciplined M&A, and continue investing in Polaris, its trade surveillance product.
As part of the transaction, Behavox also repaid and retired its $70 million venture-debt facility with Hercules Capital. The company said it has been profitable since 2023, making the new financing notable both as a growth investment and as a balance sheet reset.
Behavox, headquartered in London, serves banks, asset managers, hedge funds, commodity firms, and other regulated industries as demand grows for AI-driven compliance and surveillance tools.
The AI company, which provides communications surveillance, trade surveillance, regulatory data retention, and policy management through a unified controls platform, said the funding will be used to accelerate global growth, expand its Unified Controls Platform, pursue disciplined M&A, and continue investing in Polaris, its trade surveillance product.
As part of the transaction, Behavox also repaid and retired its $70 million venture-debt facility with Hercules Capital. The company said it has been profitable since 2023, making the new financing notable both as a growth investment and as a balance sheet reset.
Behavox, headquartered in London, serves banks, asset managers, hedge funds, commodity firms, and other regulated industries as demand grows for AI-driven compliance and surveillance tools.