(Globes (Tel Aviv) Via Acquire Media NewsEdge) July 29--Cyber security company ThetaRay has completed a $10 million Series B financing round. Previous investors, such as General Electric, Jerusalem Venture Partners (JVP), and Poalim Capital Markets, participated in the round. The company said it would use the money raised to consolidate its operations in the US and expand its global presence.
ThetaRay has successfully transformed a decade of academic research into a solid analytical platform and threat detection solutions for the protection of critical infrastructure, financial institutions and other industry sectors. Requiring no rules, heuristics or signatures, the mathematically-based platform and layered solutions uncover zero-day attacks, hidden APTs, operational faults, fraud and other threats by simultaneously analyzing all security and operational data sources instantaneously, without having to introduce human or computational biases.
"It is a very exciting time for ThetaRay, as the demand for its products and technology is rapidly increasing," said ThetaRay CEO Mark Gazit. "The market demand for solutions that can identify unknown threats has reached critical mass, and ThetaRay's field-proven, breakthrough solution set is ideally suited to respond to the demand. The new investment round will help grow the company into a market leader in its domain and drive its international presence."
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