Behavox, a London, UK-based regtech compliance startup, raised a Series A funding of undisclosed amount.
Backers included Hoxton Ventures and Promus Ventures.
The company intends to use the funds expand into the US (NY initially), and continue scaling the development and deployment teams.
Led by Erkin Adylov, CEO and Founder, Behavox provides compliance surveillance software which ensures an automated approach of detecting breaches and alerting the compliance, legal and risk teams of investment banks, brokerage houses, commodities traders and asset managers. The platform allows institutions to search and interrogate their data in real-time to identify specific activity of employees, to detect types of misconduct such as insider trading, rogue trading, abuse of conflicts of interest, as well as more generic threats such as bribery, expenses abuse and IP theft.
The company has offices in London and St Petersburg.