Israeli Cybersecurity Company ThetaRay Raises More Than $30m

ThetaRay, an Israeli artificial intelligence and big data analytics company, has raised over $30 million in the last round, reports Globes.

So far, the company has raised more than $60 million. Among the investors are GE, Bank Hapoalim, Jerusalem Venture Partners (JVP), OurCrowd, and SVB Investments.

ThetaRay will use the capital raised to expand its presence in Asia, Europe and in the US. Its goal is to increase the workforce and scale operations to meet the growing demand for systems that fight money laundering and financial crimes.

As reported by Globes, the company also won The Asian Banker Risk Management Award for the best technological solution to comply with regulation of financial institutions.