ThetaRay, a Tel Aviv, Israel-based provider of big data analytics solutions for advanced cyber security and operational efficiencies, closed a $10m Series B funding round.
Backers included existing investors General Electric (GE), Jerusalem Venture Partners (JVP) and Poalim Capital Markets, as well as new financial and strategic investors.
The company plans to use the funds to establish its US-based business headquarters and further increase its global presence.
Led by CEO Mark Gazit (read our interview here) ThetaRay provides big data analytics platform and solutions for advanced cyber security and operational efficiencies, protecting the critical infrastructure and financial services markets against unknown threats. Its patented platform, which requires no rules, heuristics or signatures, uncovers 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.
The company is hiring.
30/01/2014: ThetaRay Receives Investment from Poalim Capital Markets.