Softbank may pour in $100 Mn in Behavox
As per news source, Japan based Softbank may complete and announced its deal with Behavox next week. Softbank may invest $100m in the startup Behavox which leverages AI to detect nefarious activity by employees, such as rogue trading or bribery.
This investment would be done from SoftBank's Vision Fund II, after the conclusion of the investment period for the original fund ended in September.
This was comfortably the largest technology investment capital pool at $93bn, but saw high-profile investments Uber and WeWork's valuations subsequently plummet.
This has led to more moderate interest in its successor, with Abu Dhabi's Mubadala and Saudi Arabia's Public Investment fund yet to commit despite being principal investors in the original.
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