CUBE ACQUIRES BERLIN-BASED KODEX AI, CREATING AN INDUSTRY-FIRST UNIFIED COMPLIANCE, RISK AND AGENTIC AI PLATFORM

The transaction also brings exceptional new AI talent into CUBE, with Kodex AI's experienced Berlin-based team joining the business. Recognised by Meta as one of the top European AI start-ups in 2024, Kodex AI has been at the forefront of disruptive technology innovation by applying agentic AI to regulatory use cases. Deutsche Bank was an early investor of Kodex AI, which joined the bank's Entrepreneur in Residence Program in 2023 to develop a specialised large language model (LLM) for financial document analysis, demonstrating the precision and domain expertise of its AI technology.

The transaction also brings exceptional new AI talent into CUBE, with Kodex AI's experienced Berlin-based team joining the business. Recognised by Meta as one of the top European AI start-ups in 2024, Kodex AI has been at the forefront of disruptive technology innovation by applying agentic AI to regulatory use cases. Deutsche Bank was an early investor of Kodex AI, which joined the bank's Entrepreneur in Residence Program in 2023 to develop a specialised large language model (LLM) for financial document analysis, demonstrating the precision and domain expertise of its AI technology.

CUBE's Founder & CEO Ben Richmond, said: "Thomas and Claus have built an exceptional and disruptive European technology business, pioneering the use of agentic AI through an agent-based architecture to solve regulatory complexities. Kodex AI is a natural next step in CUBE's strategy, allowing us to instantly deliver enhanced, AI-based compliance and risk capabilities to our global customers."

Thomas Kaiser, Co-founder at Kodex AI, commented: "Combining Kodex AI's technology leadership with CUBE's market-leading regulatory and risk data is a once-in-a-lifetime opportunity to redefine the compliance and risk space. This is the perfect use case for advanced AI, and together we'll push the boundaries of what's possible."

CUBE currently serves 1,000 customers globally and has grown its team to more than 800 employees across 20 countries. Hg, a leading investor in European and Transatlantic software and services businesses, established a strategic partnership with CUBE in March 2024 to support continued growth and scale. This follows the acquisitions of the Thomson Reuters Global Regulatory Intelligence and Oden businesses, Reg-Room and most recently Acin, bringing together regulatory compliance and operational risk within a unified platform: RegPlatform^TM.

Thomas Martin, Director at Hg, added: "This acquisition once again highlights CUBE's ambition and drive to change the status quo for the RegTech industry. Since inception, Ben has been driving the business to embrace the latest technology and the addition of Kodex AI will significantly boost the team's agentic AI capabilities."

Transaction details were not disclosed.

Photo - https://mma.prnewswire.com/media/2797708/KodeAI_co_founders_on_stage_at_CUBE_Connect.jpg
Photo - https://mma.prnewswire.com/media/2797709/CUBE_s_Ben_Richmond_and_KodeAI_co_founders.jpg
Logo - https://mma.prnewswire.com/media/2589617/5565848/CUBE_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/cube-acquires-berlin-based-kodex-ai-creating-an-industry-first-unified-compliance-risk-and-agentic-ai-platform-302585580.html