ThetaRay

Company Overview

Snapshot

Founded in June 2013 by Amir Averbuch and Mark Gazit, ThetaRay operates with 201–500 employees. The company has raised $156.5M across 9 funding rounds from 14 investors. In July 2024, ThetaRay acquired Screena, a move that significantly enhances its AI financial crime detection capabilities.

Business overview

ThetaRay is an artificial intelligence and big data analytics company that provides advanced analytical solutions to financial organizations, cybersecurity divisions, and critical infrastructure. Its core technology leverages AI and machine learning to enable high-speed, accurate, and scalable operations, helping clients manage risk, detect money laundering schemes, uncover fraud, expose bad loans, and identify operational issues. The company's primary product, SONAR, serves the Cyber Security and FinTech sectors, specifically focusing on GRC & Vulnerability and Money Transfer & Management, with a strong presence in financial services and institutions globally.

Strategic signal

In July 2024, ThetaRay acquired Screena, a strategic move that revolutionizes AI financial crime detection. This acquisition signals ThetaRay's commitment to strengthening its market position and expanding its technological capabilities in combating sophisticated financial crimes, offering investors a clear indication of the company's aggressive growth strategy and potential for increased market share in the financial security landscape.

Company Intelligence Q&A

What was ThetaRay's most recent acquisition?

In July 2024, ThetaRay acquired Screena, a multinational company, to enhance its AI financial crime detection capabilities.

Which company adopted ThetaRay's AI technology in September 2022?

In September 2022, Novatti Group adopted ThetaRay's AI technology to monitor global payments, demonstrating the company's expanding reach in the fintech sector.

What was a significant partnership for ThetaRay in 2021?

In June 2021, ThetaRay partnered with Google Cloud to bring its advanced anti-money laundering (AML) solution to the payments ecosystem, expanding its cloud-based offerings.

Which bank selected ThetaRay's AI monitoring tech in November 2022?

In November 2022, ClearBank selected ThetaRay's AI monitoring technology to accelerate its business growth, highlighting the demand for ThetaRay's solutions in the banking sector.