ThetaRay

big dataanalytics and machine learningregtechauthentication and fraud prevention

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 09/07/2020

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About

ThetaRay is a leading Artificial intelligence company, helping financial organizations, cybersecurity divisions and critical infrastructure become more resilient and seize opportunities. Its advanced analytical solutions operate with unprecedented speed, accuracy, and scale, enabling clients to manage risk, detect money laundering schemes, uncover fraud, expose bad loans, uncover operational issues and reveal valuable new growth opportunities.

MEDICI Analysis

ThetaRay is a provider of a big data analytics platform and solutions for advanced cyber security, operational efficiency, and risk detection, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRay’s core technology is based on state of the art algorithms, which power its proprietary Hyper-Dimensional, Multi-Domain Big Data Analytics platform.

Focus

PRODUCTS & SERVICES

Fraud detection platform for payment card industry

MAIN CLIENTS

Financial Institutions

Industrial Internet of Things Companies

PRIMARY PROBLEM SOLVED

ThetaRay’s AI solutions pinpoint future problems, discover new opportunities, and expose blind spots within complex data sets that are growing bigger all the time. Invented by two world-renowned mathematicians, our patented algorithms detect anomalies in real time, radically reduce false positives, and uncover “unknown unknowns.” ThetaRay offers anti-money laundering (AML) & Fraud Detection solutions globally.

company provided insights

Traction

ACTIVE USERS COMMENT:

ThetaRay works with Tier-1 banks in the America's, Europe & Asia.

People

FOUNDERS

Amir Averbuch

Ronald Coifman

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Alibaba

Bank Hapoalim

General Electric

General Electric (GE)

Jerusalem Venture Partners

Jerusalem Venture Partners (JVP)

OurCrowd

Poalim Capital Markets

SVB Capital

SVB Investments

KEY EMPLOYEES:

Shay Dovev (VP Sales)

Ovad Harari (EVP R&D

Site Manager)

Momentum

FUNDED

YES

TOTAL FUNDING

$49.5 M

DATE OF LAST FUNDING

Jun 2019

TOTAL FUNDING COMMENT

The company is planning to use the funds to expand its presence in Europe, Asia, and the U.S. and “substantially” increase its workforce. (July 2018)

SEED & PRIOR FUNDING

$3.5 M

FUNDING SERIES

SERIES A  · $10 M  · ---

SERIES B  · $30 M  · ---

OTHERS  · $6 M · ---

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

115 VISITORS | 199 VIEWS
LATEST FUNDING ROUND

$49.5 M

TOTAL EMPLOYEES
51-200

About

ThetaRay is a leading Artificial intelligence company, helping financial organizations, cybersecurity divisions and critical infrastructure become more resilient and seize opportunities. Its advanced analytical solutions operate with unprecedented speed, accuracy, and scale, enabling clients to manage risk, detect money laundering schemes, uncover fraud, expose bad loans, uncover operational issues and reveal valuable new growth opportunities.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

ThetaRay is a provider of a big data analytics platform and solutions for advanced cyber security, operational efficiency, and risk detection, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRay’s core technology is based on state of the art algorithms, which power its proprietary Hyper-Dimensional, Multi-Domain Big Data Analytics platform.

Focus+
Momentum+
Traction+
People+
Other+

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ThetaRay

About

ThetaRay is a leading Artificial intelligence company, helping financial organizations, cybersecurity divisions and critical infrastructure become more resilient and seize opportunities. Its advanced analytical solutions operate with unprecedented speed, accuracy, and scale, enabling clients to manage risk, detect money laundering schemes, uncover fraud, expose bad loans, uncover operational issues and reveal valuable new growth opportunities.

Focus

PRODUCTS & SERVICES

In volatile and uncertain times, ThetaRay provides faster, more accurate analytics solutions for identifying emerging risk, discovering new opportunities, and exposing blind spots within large, complex data sets. Our proprietary AI algorithms detect anomalies in real time, radically reduce false positives, and uncover “unknown unknowns.” The company has implementations with tier-1 banks globally, offering solutions for Anti-money laundering & Fraud Detection.

TOP PROBLEM SOLVED

ThetaRay’s AI solutions pinpoint future problems, discover new opportunities, and expose blind spots within complex data sets that are growing bigger all the time. Invented by two world-renowned mathematicians, our patented algorithms detect anomalies in real time, radically reduce false positives, and uncover “unknown unknowns.” ThetaRay offers anti-money laundering (AML) & Fraud Detection solutions globally.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Other

Momentum

FUNDED

YES

TOTAL FUNDING:

$50.7 M

LISTED

NO

FUNDING SERIES
Seed May 2013 --- USD3.7 M Jerusalem Venture Partners General Electric Series A Dec 2015 --- USD17 M Comment on Series A This was a Corporate round for a strategic partner. Series B Jul 2018 --- USD30 M Comment on Series B ThetaRay's Series B Round was heavily oversubscribed with funds participating such as Jerusalem Venture Partners (JVP), General Electric, OurCrowd, and more.