Behavox, a leading provider of AI-driven compliance solutions for financial services, announced that it has secured a $70 million credit facility from Hercules Capital. This increases liquidity reserves on its balance sheet. And Behavox plans to use the funds for strategic acquisitions and the building of new products to deliver more value to compliance teams globally.
Behavox is now recognized as the leading provider of communication surveillance and regulatory archiving solutions. In response to strong market demand, Behavox plans to expand its product portfolio in 2025, adding new solutions for Trade Surveillance, Control Room, and Sanction Screening. The strategic acquisitions, supported by the new credit facility, will help Behavox accelerate time to market and increase its distribution capabilities.
Since its launch in January, Behavox’s Intelligent Archive has already achieved over 100% quarter-over-quarter (QoQ) pipeline growth, demonstrating strong market demand for modern compliance and archiving solutions. Using Behavox’s proprietary large language model, Intelligent Archive consolidates compliance tech stacks, reduces costs, and enhances regulatory compliance across 100+ communication channels.
KEY QUOTES:
“Our commitment to building a profitable business has enabled us to secure strategic capital, positioning us to accelerate organic growth through targeted acquisition. We’re excited to partner with Hercules Capital and look forward to advancing our vision of Behavox as the one-stop technology provider for all compliance needs.”
– Kiryl Trembovolski, Chief Operating Officer of Behavox
“AI continues to become more prevalent in the ecosystem, but only select firms have been able to focus on achieving profitability with a truly differentiated value proposition for their customer. We’re excited to partner with Behavox and support them in their next stage of growth.”
– Steve Kuo, Senior Managing Director and Technology Group Head at Hercules Capital
“As a profitable enterprise, our North Star remains to invest heavily into fundamental AI research, core infrastructure, and product innovation to deliver more value to our customers.”
“Compliance, Controls, and Security leaders are looking to consolidate the technology stack, reduce total costs of ownership, and deliver true AI use cases to their organization. We are well positioned to help them achieve this with our growing product portfolio, powered by Behavox proprietary Large Language Model.”
– Erkin Adylov, Chief Executive Officer of Behavox
