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.
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