Behavox is an AI-native controls platform that brings services to global banks, asset managers, hedge funds, and commodity firms. The London-based company has secured a $175 million preferred equity investment from funds and accounts managed by HPS Investment Partners. HPS Investment Partners is a leading global credit firm and part of BlackRock. After an outstanding year of commercial progress, during which the company managed to increase its client base by 86% to more than 100 major financial institutions located in five continents, the new funding will allow the company to speed up international expansion, increase production of its core Unified Controls Platform, and continue the pursuit of mergers and acquisitions under a disciplined strategy. As part of the completed deal, the regtech company utilized a portion of the capital to fully repay and retire its $70 million venture-debt facility with Hercules Capital, a mechanism secured in late 2024 to fund its strategic acquisition of Mosaic Smart Data and investment in b-next.
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The remaining capital will support continued engineering initiatives for Polaris, the company’s next-generation trade surveillance product launched in 2025 to detect market abuse across all ten major asset classes on a single AI-driven framework. Underscoring the operational maturity and long-term vision behind the transaction, Erkin Adylov, Founder and CEO of Behavox, stated: “Behavox set out to give the world’s most demanding institutions a single, AI-native platform to manage risk and meet regulatory obligations. HPS brings the scale, sophistication, and long-term perspective to help us reach more institutions in more markets. Their investment recognizes the strong platform we have built and positions us to pursue strategic acquisitions that expand our capabilities and accelerate global growth.”
