Hercules Capital, Inc. (NYSE: HTGC) announced on October 31, 2024, that it has provided a $70 million credit facility to Behavox, a leading provider of AI-driven compliance solutions. This financing is intended to support Behavox's strategic acquisitions and the development of new products.
Behavox plans to utilize these funds to expand its product portfolio in 2025, with new solutions for Trade Surveillance, Control Room, and Sanction Screening. The credit facility will help accelerate Behavox's time to market and enhance its distribution capabilities.
Hercules Capital expressed enthusiasm for the partnership, highlighting Behavox's focus on achieving profitability and its differentiated value proposition in the AI ecosystem. This investment underscores Hercules Capital's commitment to supporting innovative companies in the technology sector.
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