Business Overview

Aug 2012
Date Founded
Active
Operating Status
Revenue Generating
Revenue Stage
B2B
Business Model
95
Employees

ThetaRay is a leading provider of a big data analytics platform and solutions for advanced cybersecurity, operational efficiency, and risk detection, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRays core technology is based on state-of-the-art algorithms that power its proprietary hyper-dimensional, multidomain big data analytics platform. Organizations whose operations rely on highly heterogeneous and complex environments leverage ThetaRays unmatched detection and low false positive rates as a see-all power that enables them to unify detection and defeat the unknown.

Business Stage
Launched

Founders

ThetaRay
Mark Gazit
CEO
Serial Entrepreneur
ThetaRay
Amir Averbuch
AI Expert
ThetaRay
Ronald Coifman
AI Expert

Funding Rounds

$91.5 M

Total Funding

6

Funding Rounds
1.83x
Funding Growth

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

AI Technology Stack

10
AI Team Size
AI Description

ThetaRay’s patented AI and ML empowers insurance companies to rapidly discover new and unfamiliar fraud schemes, ensuring that fraudsters cannot simply learn and bypass rules and thesholds. ThetaRay’s rules-free solution uses unsupervised machine learning algorithms to analyze hundreds of data points across claims data, KYC, policies and underwriting information to spot anomalies that are highly indicative of fraud. Algorithms classify suspect fraud into cluster with common modus operandi enablign fraud speicalist to more efficiently review and disposition cases tthan conventional systems. Fraud strategists further isolate innocuous patterns of behaviour early, dramatically reducing false positive alert volumes, ensuring that fraud operations are focused on the riskiest events and good claims can be fast tracked.

ML Types
Semi-Supervised Learning, Unsupervised Learning
AI Tools
Hadoop, Pandas, Scikit-Learn
Coding
Java, PySpark, Python, R, Scala

More Startups

STATUS
Active
FUNDING
$62.5 M
FUNDING STAGE
Series C
STATUS
Acquired
FUNDING
$2 M
FUNDING STAGE
Series A
STATUS
Active
STATUS
Active
FUNDING
$2.1 M
STATUS
Active
FUNDING
$29 M
FUNDING STAGE
Series B
STATUS
Inactive
STATUS
Inactive
STATUS
Acquired
FUNDING
$3 M
STATUS
Active
FUNDING
$10 M
FUNDING STAGE
Series A
STATUS
Active
FUNDING
$29.5 M
FUNDING STAGE
Series B
STATUS
Active
STATUS
Active
FUNDING
$14 M
FUNDING STAGE
Series A
STATUS
Active
FUNDING STAGE
Bootstrapped
STATUS
Active

Startup Snapshot

Operating Status
Active
AI Team Size
10
Total Funding
$91.5 Million
Founded
August 2012
Funding Stage
Series D
Time Since Last Funding Round
4 weeks

Competitors

Based on thousands of work hours in leading banks and financial organizations, and numerous succe...
EverCompliant is a leading provider of Cyber Risk Intelligence and Transaction Laundering Detecti...

Sign up for free

  • Save profiles to your list
  • View all funding rounds
  • Advanced sorting filter access
  • Search investment rounds
  • Search exit events

Fundraising Contact

Submission Received

Thanks for your contribution.

Your edits are under review and will be visible soon.