Citigroup has led a $20m series A1 round for Behavox, a developer of people analytics software for the financial services industry.

UK-based people analytics software developer Behavox closed a $20m series A1 round yesterday led by financial services firm Citigroup that included venture capital firm Index Ventures.

Behavox has created an artificial intelligence-powered enterprise platform that automates customer relationship management and compliance functions, and provides insights into individual and team behaviours that affect productivity and corporate culture.

The platform is aimed at investment banks, brokerage houses, commodities traders and asset managers. Behavox has reported more than 500% growth over the first…