ThetaRay raises $10m to fund US expansion


israelIsraeli big data analytics technology company ThetaRay has secured $10m to launch its US operations.

Existing backers General Electric, Jerusalem Venture Partners (JVP) and Poalim Capital Markets participated in the round alongside new investors. ThetaRay also plans to establish its headquarters in the US and expand its global presence.

The company’s technology helps uncover zero-day attacks, hidden APTs, operational faults, fraud and other threats by simultaneously analysing all security and operational data sources.

JVP partner Yoav Tzruya said, “Over the last 12 months, we’ve seen an overwhelming demand for implementing the company’s platform in a variety of use-cases.”

JVP’s other recent deals include an investment in hybrid data storage company Reduxio Systems as part of its $9m round.

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