CUBE has acquired Berlin-based Kodex AI, a technology firm pioneering the use of agentic AI in compliance and risk management.
The deal marks a significant step in CUBE’s strategy to expand its AI-driven platform and integrate advanced co-worker functionality into compliance workflows.
The acquisition is part of CUBE’s long-term vision to create a unified compliance, risk, and AI platform. By incorporating Kodex AI’s proprietary agentic AI technology, CUBE aims to enhance its RegPlatform™, enabling financial institutions to automate regulatory change management and maintain greater control over complex compliance demands.
Founded in Berlin, Kodex AI has quickly gained recognition for its innovative use of large language models (LLMs) tailored to financial document analysis. In 2024, it was named one of Europe’s top AI start-ups by Meta. The company joined Deutsche Bank’s Entrepreneur in Residence Program in 2023, where it developed a specialised LLM for regulatory applications, underlining its deep domain expertise.
CUBE, founded by Ben Richmond, serves more than 1,000 customers globally and employs over 800 people across 20 countries. The firm’s RegPlatform™ unites regulatory compliance and operational risk functions, supporting organisations with continuous monitoring and adaptation to global regulatory changes. CUBE’s strategic partnership with Hg, established in March 2024, has helped accelerate this growth. The company has also expanded through several key acquisitions, including Thomson Reuters Global Regulatory Intelligence and Oden businesses, Reg-Room, and Acin.
CUBE CEO Ben Richmond said, “Thomas and Claus have built an exceptional and disruptive European technology business, pioneering the use of agentic AI through an agent-based architecture to solve regulatory complexities. Kodex AI is a natural next step in CUBE’s strategy, allowing us to instantly deliver enhanced, AI-based compliance and risk capabilities to our global customers.”
Kodex AI co-founder Thomas Kaiser commented, “Combining Kodex AI’s technology leadership with CUBE’s market-leading regulatory and risk data is a once-in-a-lifetime opportunity to redefine the compliance and risk space. This is the perfect use case for advanced AI, and together we’ll push the boundaries of what’s possible.”
Hg director Thomas Martin added, “This acquisition once again highlights CUBE’s ambition and drive to change the status quo for the RegTech industry. Since inception, Ben has been driving the business to embrace the latest technology and the addition of Kodex AI will significantly boost the team’s agentic AI capabilities.”
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