Behavox, an AI-focused controls and compliance platform provider for financial institutions, announces a $175 million preferred equity investment from HPS Investment Partners. HPS Investment Partners is described as BlackRock’s private credit firm, acquired by BlackRock for about $12 billion last year. The funding is intended to support Behavox’s global expansion, including scaling its unified AI compliance platform and pursuing additional acquisitions. The company says it is building on prior commercial momentum, including growth in its customer base over the past year. One outlet reports that Behavox’s customer base increases by 86% to more than 100 major financial institutions across five continents. The same source notes that this is Behavox’s first equity raise in six years. Details on the transaction also indicate that Behavox fully repays previous obligations as part of the deal. Together, the reports frame the investment as part of Behavox’s strategy to broaden its product deployment among banks, asset managers, hedge funds, and commodity firms while increasing its presence internationally.
Behavox raises $175 million from HPS Investment Partners to expand AI compliance platform
Behavox, an AI-focused controls and compliance platform provider for financial institutions, announces a $175 million preferred equity investment from HPS Investment Partners. HPS Investment Partners...
- Behavox announces a $175 million preferred equity investment.
- The investor is HPS Investment Partners, associated with BlackRock.
- The funding supports expansion of Behavox’s unified AI compliance platform.
- Behavox reports customer growth of 86% to more than 100 major financial institutions across five continents.
- The company says it is its first equity raise in six years and includes repayment of prior obligations as part of the deal.
Behavox has raised $175 million in preferred equity from HPS Investment Partners, the private credit firm that BlackRock acquired for $12 billion last year. The funding will go toward expanding Behavox’s unified AI compliance platform and pursuing acquisitions. It is the company’s first equity raise in six years. As part of the deal, Behavox fully repaid and […] This story continues at The Next Web
2 months agoInvestment follows a year of strong commercial momentum, with Behavox growing its customer base 86% to more than 100 major financial institutions across five continents LONDON & MONTREAL — Behavox, the AI-native controls platform for global banks, asset managers, hedge funds, and commodity firms, today announced a $175 million preferred equity investment from investment funds […]
2 months ago
GDP and central bank meetings headline the week’s key economic updates
Economic growth data and upcoming interest-rate decisions are expected to be the main drivers of attention for markets t...
War strain and U.S. sanctions weigh on Iran’s economy as talks stall
The war’s impact on Iran’s economy is increasingly evident as the United States intensifies sanctions and negotiations r...
Boliden to acquire Votorantim’s Nexa stake in about $1.3 billion deal
Boliden agrees to buy control of Nexa Resources from Votorantim in a deal valued at about US$1.3 billion. Trading covera...