Behavox, an end-to-end data operating platform. has scored $100m in a funding round from SoftBank Vision Fund.
With the capital injection, the company to invest in the needs of its customers.
The RegTech offers an end-to-end data operating platform which lets a company aggregate, analyse and act on their organization’s data. Its technology can collate structured and unstructured data across voice and text content to identify patterns.
Behavox is used by clients to meet compliance, identify insider threats, understand conduct to improve an organization’s culture and improve decision making within client relations.
SoftBank Investment Advisers managing partner Munish Varma said, “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.
“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.”
Behavox previously secured a $20m round in 2017 which allegedly valued the business at $200m. The capital injection was suppled by Citigroup and Index Ventures.
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