Behavox, a New York company that describes itself as a "people analytics" business, said Monday it has raised $100 million.
The funding came from SoftBank Vision Fund 2, the second huge venture fund that the Japanese tech conglomerate is in the midst of raqising money for.
Behavox uses artificial intelligence and analytics software to detect potential wrongdoing among its customers' employees.
“This investment will allow Behavox to further focus on and invest in the needs of our customers, who are at the heart of everything we do at Behavox,” said Erkin Adylov, founder and chief executive officer of Behavox, in a statement.
After the Softbank investment, Adylov and "key employees" remain the largest shareholders in the business. The company is also backed by Citigroup, Index Ventures and Hoxton Ventures.
Originally from London, the AI data purveyor relocated to New York City in October 2018 as a way to accommodate an increase in North American clients, the New York Business Journal reported, adding that the company cited New York’s close proximity to its new Montréal office as a reason for the move.
The move to New York City, Adylov said in a statement at the time, "marks a huge milestone for the company, our employees and clients who will all benefit from the opportunities this expansion presents. The opportunities in New York City, notably top-of-class recruitment and business development, are extensive."