International law firm CMS has successfully advised Behavox Ltd, the world’s only end-to-end Data Operating Platform that enables companies to aggregate, analyse, and act on their entire organisation's data, on its $100 million Series B investment from SoftBank Vision Fund 2.1, a fund specialising in growth-stage technology companies.
Behavox offers organisations a single-entry point for the monitoring and analysis of all their internal data. Its AI-driven platform uses powerful machine learning and advanced analytics to turn a company’s data into powerful insights that can help them to mitigate compliance, cyber and conduct risk while identifying revenue opportunities.
CMS have advised Behavox since April 2017 when they joined the firm’s tech start-up programme, CMS equIP. CMS supported Behavox on its $20 million Series A fundraising in November 2017.
This latest investment by Softbank will allow Behavox to further focus on and invest in the needs of its customers and make heavy investments in its cutting-edge product and premier customer service. Erkin Adylov, Founder and CEO of Behavox Ltd, comments: “We’re all very excited about this investment and the opportunities it presents for Behavox and our customers. We’re also grateful to the CMS team, who over the last three years have been trusted advisors to Behavox, steering us through two important investment rounds and helping us to lay the foundations for success.”
Anthony Waller, Corporate partner at CMS and co-head of the firm’s equIP programme, comments: “We are delighted to have helped Behavox secure their Series B funding. Since Behavox joined the equIP programme we have seen them go from strength to strength, and this latest investment is yet another vote of confidence in the company and its people.”
The CMS team was led by Anthony Waller and Corporate Partner, John Finnemore, and supported by: Elliot Cowan (Corporate), Toby Lovett (Corporate), Lauren Whittaker (Corporate), Graham Muir (Share Schemes), Stacey Callaghan (Share Schemes), Samantha Love (Employment), Gurminder Muker (Finance) and Greg Moreton-Smith (Finance).