Behavox deepens investment in Canada by expanding Montréal presence
Fast-growing AI company increases office space as continued hiring focuses on broadening breadth of AI, machine learning talent
Behavox, which provides the world’s only AI-based data operating platform that enables enterprises to aggregate, analyze, and act on their entire organization’s data, announced today that it has expanded its presence in Canada, opening a larger office at Maison Manuvie in Montréal, Québec, to accommodate continued hiring of engineering, data science, and product development teams.
Behavox opened its first office in Montréal in 2018 to capitalize on the city’s technology talent. Expanding its presence in Montréal represents a key part of Behavox’s investment in Canada as it helps the city and country become one of the world’s top AI and machine learning talent centers. The expanded office, which can house 400 employees, also serves as a major innovation and operational center for growing Behavox’s global business at scale. Behavox is actively hiring and plans to fill the office to capacity later next year.
“Montréal is a talent hub in AI and machine learning development. We plan on enriching it,” Behavox Founder and CEO Erkin Adylov said. “Our office expansion represents our latest strategic investment in Canada as part of our North American operations. We continue to widen our footprint in Montréal and build our team to accelerate innovation and product development for our customers. While this solution development supports our global go-to-market plan, its proximity enables Behavox to support new and existing Canadian customers with much more efficiency and focus.”
Adylov added that the current macroeconomic climate, which is complicating the ability for organizations to manage risk and regulatory compliance amid remote work environments, requires Behavox to support its customers more than ever before, including those in Canada.
Narrowing the proximity to Behavox customers includes Adylov himself, who plans to relocate to Montréal this summer in support of the company’s Canadian expansion. Adylov’s move signifies Behavox’s increasing inclusion of Canada as a fundamental part of its North American operations and global business strategy.
“Artificial intelligence will play a key, and growing, role in all sectors of our economy, and our metropolitan area is a hotbed of talent in this field, particularly in research. The establishment of Behavox’s new office in Montréal will consolidate our artificial intelligence ecosystem and enhance our international profile,” said Pierre Fitzgibbon, Minister of Economy and Innovation and Minister responsible for the Lanaudière region. “It’s a joyful occasion both for Québec and for the company, which is making a strategic decision for its future in choosing to invest here.”
“The announcement that Behavox’s Montréal office is expanding confirms that the artificial intelligence cluster is still one of Montréal’s most attractive assets,” noted Hubert Bolduc, President of Investissement Québec International. “We are proud to support a company that will continue to create specialized, well-paid jobs. By relying on our talents to build cybersecurity for tomorrow, Behavox is helping to make our societies safer and consolidating a key sector in Québec’s economic recovery.”
The long-term, $35 million lease commitment is a testament to Behavox’s plan to help make Canada and specifically, Montréal, one of the world’s premier AI and machine learning talent centers. This investment demonstrates that Behavox is committed to contributing to that realization, even amidst a global pandemic.
“The work-from-home paradigm is shifting to a hybrid reality of some offices reopening and others remaining shuttered,” Adylov said. “Customers tell us that our solution is increasingly important as they manage complexities caused by managing regulatory compliance, code of conduct policies, and risk both from within and beyond traditional office boundaries. Our Montréal team plays a pivotal role in creating the future-facing AI, machine learning, and SaaS-based solutions that our customers need as they encounter greater challenges to their regulatory and conduct-based compliance programs.”
Stéphane Paquet, President and CEO of Montréal International, commented, “We are proud to have accompanied Behavox in the expansion of its Montréal office as an operational center. We’re especially pleased that the company’s founder himself wants to relocate to the region to support his team. Behavox joins a list of close to 40 AI companies accompanied by Montréal International professionals since 2016, which says a lot about Montréal’s strength and attractiveness in artificial intelligence, but also in cybersecurity, another crucial sector for the future.”
“Manulife Investment Management and Ivanhoé Cambridge are very proud of welcoming Behavox at Maison Manuvie, as part of its recent expansion in the Montreal market,” added Annik Desmarteau, Vice President, Offices, Quebec at Ivanhoé Cambridge. “Maison Manuvie offers state-of-the-art amenities including accessibility and connectivity to the downtown core while meeting the highest standards in the industry in terms of sustainability. We look forward to supporting the organization’s growth for many years to come.”
Behavox’s investment in Montréal is just one of the latest corporate developments for the fast-growing AI company. This spring, Behavox named several prominent industry leaders to its Board of Directors and hired veteran senior leaders to continue growing its brand, customer demand, and operations.
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About Behavox Ltd.
Behavox is the leading, end-to-end Data Operating Platform that enables organizations to aggregate, analyze, and act on their internal data. As a high-growth technology company, our mission is to organize and make useful all communications data on Earth. Through advanced analytics and machine learning, Behavox is your organization’s single-entry point for internal data.
Behavox, founded in 2014, is headquartered in New York City, with offices in London, Singapore, and Montréal. For more information visit here.
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.