UK AI startup Behavox lands investment from Citigroup

Nov 14, 2017 · uktech.news

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AI software firm Behavox has received $20m in a round led by Citigroup.

As a result of the deal, the firm, which has built compliance surveillance software, is now valued at $200m.

The London-based companys’ technology can be used by financial institutions to locate and question employee-generated data in real-time to find possible signs of wrongdoing.

Erkin Adylov, co-founder of Behavox, told the Financial Times that Citigroup was planning to use its technology in a bid to improve customer relations.

"The way you engage people is directly relevant to your performance … We can help firms to work out what drives more revenue," he added.

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