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UK based compliance surveillance software, Behavox, secured an undisclosed amount of Series A funding led by Hoxton Ventures and Promus Ventures. The company is targeting investment banks, brokerage houses, commodities traders and asset managers, with the intention of detecting various 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.
Another advantage that Adylov cites over competitors — for there are a ton of companies going after this space — is the fact that Behavox is able to consolidate different data silos, from various messaging apps to landline and mobile phone calls. Without doing so it’s impossible to track conversations that hop from one medium or platform to another, which is of course the way employees communicate in the real world, rogue or otherwise.
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