SoftBank fund invests $100 million in compliance software firm

NEW YORK – SoftBank Group Corp.'s Vision Fund 2 is investing $100 million in compliance and employee-monitoring software company Behavox, according to people familiar with the matter. The investment, which is in the form of preferred shares, values Behavox at about $500 million, the people said, asking not to be identified because the information is private. The investment group will also be represented on the company's board, the people added. The deal is among the first for the second incarnation of SoftBank's $100 billion Vision Fund. It comes at a time when the Japanese company faces growing scrutiny from investors including activist Elliott Management Corp. amid high-profile setbacks such as WeWork and Uber Technologies Inc. Behavox uses machine learning and advanced analytics software to help alert companies to potential wrongdoing among employees.