Behavox Reports 44% ARR Growth in 2024, Solidifying Its Position as a Global AI Compliance Leader

LONDON: Behavox, a global leader in AI-driven compliance and security solutions, today announced its full-year 2024 financial results, delivering an impressive 44.06% YoY ARR growth, exceeding the 40.25% YoY growth achieved in 2023. This milestone underscores Behavox's steadfast commitment to innovation and excellence while maintaining profitability throughout the year.

Key Highlights from 2024:

Behavox continued to drive industry leadership with significant achievements:

• Behavox software is now deployed at major financial institutions across all five continents.
• We are serving 3 of the 10 largest banks globally outside China.
• Partnering with 2 out of 6 oil & gas supermajors and 2 of the 5 largest global commodities trading companies.
• Powering surveillance at 3 of the 10 largest private equity firms worldwide.
• Partnering with 5 of the 15 largest hedge fund managers globally.

Additionally, the firm has made significant progress in expanding its products and services:

• Over 30 organizations adopted Pathfinder within its first 60 days of release.
• Launched in January 2024, our Intelligent Archiving product achieved 100% QoQ customer growth in Q3 and 210% QoQ growth in Q4, driven by technology consolidation and demand for modern, Cloud-native archiving solutions.
• Behavox’s Managed Services offering achieved an 81% true positive escalation rate, with customers identifying 3 out of 4 escalated alerts as requiring further investigation.
• Successfully supported clients around the globe in completing regulatory examinations with 6 different regulators across the globe.

Erkin Adylov, CEO and Founder of Behavox, commented:

“2024 was another year of high growth for Behavox, and we don’t see the growth subsiding in 2025. This year has certainly been marked by the massive adoption of state-of-the-art AI, and it’s already clear that this trend will persist in the year to come. We are well-positioned to benefit from these tailwinds by expanding our portfolio of AI-powered products.”

To explore the latest regulatory trends and the adoption of Artificial Intelligence in compliance, join us at these upcoming events:

• January 29th, 2025 - Webinar: Navigating Regulatory Challenges in 2024 and Beyond: join our regulatory experts as they discuss top regulatory priorities and share actionable strategies to strengthen internal controls and protect client assets.
• January 30th, 2025 - Toronto - Unlocking Data Governance: A Roundtable in Toronto for Change-Makers: participate in an open and honest conversation about data governance with industry peers.
• February 11th, 2025 - London - Commodities Trading Surveillance Roundtable London: join Graham Ure, Partner at PwC, for an in-depth discussion on key compliance challenges, including AI and model governance, unrecorded communication channels, and integrated compliance solutions.

Fonte: Business Wire