Behavox raises $175 million from BlackRock’s HPS to expand its AI compliance platform
TL;DR
Behavox raised $175 million in preferred equity from HPS Investment Partners, part of BlackRock, to expand its AI compliance platform and pursue acquisitions. It is the regtech company’s first equity raise since SoftBank invested $100 million in 2020.
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 retired a $70 million venture-debt facility with Hercules Capital that it had used in late 2024 to fund its acquisition of Mosaic Smart Data.
What Behavox does
Behavox sells AI-powered compliance tools to banks, asset managers, hedge funds, and commodity firms. Its platform bundles four products: Quantum for communications surveillance, Polaris for trade surveillance,...
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