Behavox raises $175M from BlackRock's HPS

Behavox raised $175 million in preferred equity from HPS Investment Partners, part of BlackRock, to expand its AI compliance platform and pursue acquisitions. The regtech company's first equity raise since SoftBank's $100 million investment in 2020 also repaid a $70 million venture-debt facility. Ten of the 24 Global Systemically Important Banks now use the platform.