ThetaRay Raises $30M to Block Money Laundering
With a total $60 million raised to date, the Israeli startup plans to expand operations in Europe, Asia, and the United States.
Israeli startup ThetaRay has finalized another round of $30 million in funding, bringing the company to a total of $60 million raised to date.
ThetaRay was founded in 2013 and helps financial institutions, critical infrastructure companies, and security teams identify early signs of money laundering with artificial intelligence technology. Since it went into operation, its business has doubled in size each year.
Investors include Jerusalem Venture Partners (JVP), Bank Hapoalim, GE, OurCrown, and SVB Investments. ThetaRay plans to use its latest round of funding to expand its presence in Europe, Asia, and the United States, as well as "significantly increase" its workforce.
Read more details here.
Black Hat USA returns to Las Vegas with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.
About the Author(s)
You May Also Like
Key Findings from the State of AppSec Report 2024
May 7, 2024Is AI Identifying Threats to Your Network?
May 14, 2024Where and Why Threat Intelligence Makes Sense for Your Enterprise Security Strategy
May 15, 2024Safeguarding Political Campaigns: Defending Against Mass Phishing Attacks
May 16, 2024Why Effective Asset Management is Critical to Enterprise Cybersecurity
May 21, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024