ThetaRay

ThetaRay is a cyber security and big data analytics company with headquarters in Hod HaSharon, Israel, and offices in New York and Singapore. The company provides a platform for detection of unknown threat and risks to protect critical infrastructure[1] and financial services. The platform is also used to uncover unknown opportunities based on big data.[2] The company utilizes patented mathematical algorithms developed by the company founders.[3]

ThetaRay
TypePrivate
IndustryBig data analytics
Founded2013
Founders
Headquarters
Hod HaSharon
,
Israel
Websitewww.thetaray.com

History

ThetaRay was founded in 2013 by Amir Averbuch and Ronald Coifman.[4] Averbuch is a professor of computer science at Tel Aviv University with a main research focus on big data processing and analysis.[5][6] Coifman is a professor mathematics at Yale University and recipient of the 1999 National Medal of Science. His main research focus is on efficient computation and numerical analysis.[7] Mark Gazit, an international security expert and serial startup entrepreneur,[8][9] is co-founder and CEO of ThetaRay.[10]

In June 2013, ThetaRay raised its seed funding from Jerusalem Venture Partners (JVP) as part of their cyber security portfolio.[11] Two months later, General Electric (GE) joined JVP as an investor[12] and ThetaRay launched its Advanced Analytics Platform for big data.[13] It was followed by operational risk solutions for financial organizations in April 2015.[14] In July 2015, ThetaRay opened an office in New York[15] and two months later launched its Credit Risk Detection Model for online lending.[16] In December 2015, ThetaRay and PricewaterhouseCoopers signed a Joint Business Relations agreement.[17][18] ThetaRay has customers such as ING Group that purchased ThetaRay’s Advanced Analytics solution for fraud detection.[19] ThetaRay opened an office in Singapore in July 2016.[20]

Awards

See also

References
  1. "ThetaRay launches U.S. office". Security Info Watch. 13 July 2015. Retrieved 26 October 2016.
  2. "Company Overwiew of TheaPays Ltd". Bloomberg. 21 October 2016. Retrieved 26 October 2016.
  3. "ThetaRay Advanced Analytics Platform". SC Magazine. 2 May 2016. Retrieved 26 October 2016.
  4. "Israel's ThetaRay turns to maths to detect cyber threats". Reuters. 21 October 2014. Retrieved 26 October 2016.
  5. "Amir Averbuch". Tel Aviv University. Retrieved 27 October 2016.
  6. "Mathematics Genealogy Project". North Dakota State University. Retrieved 26 October 2016.
  7. "Ronald Coifman, Ph.D., University of Geneva, 1965". Yale University. Retrieved 26 October 2016.
  8. "Shay Livnat Buying SkyVision for $4 Million". Israel News. 13 July 2006. Retrieved 26 October 2016.
  9. "Mark Gazit". Bloomberg. 21 October 2016. Retrieved 27 October 2016.
  10. "10 security start-ups to watch". Network World. 30 June 2014. Retrieved 26 October 2016.
  11. "Start-ups ride a cybersecurity wave into Israel". Times of Israel. 17 June 2013. Retrieved 26 October 2016.
  12. "Cyber Security firm ThetaRay bags investment from General Electric". Venture Capital Post. 5 August 2013. Retrieved 26 October 2016.
  13. "Cool Startup: ThetaRay". Bizety. 19 April 2014. Retrieved 26 October 2016.
  14. "Finding Fraud, Cyberthreats When You Don't Know Where to Look". American Banker. 15 April 2015. Retrieved 26 October 2016.
  15. "ThetaRay Launches US Office and North American Push". Infosecurity Magazine. 14 July 2015. Retrieved 26 October 2016.
  16. "ThetaRay Presents its Fraud and Credit Risk, Big Data Analytics Program". Finovate. 17 September 2015. Retrieved 27 October 2016.
  17. "PwC and ThetaRay Sign Joint Business Relationship to Help Companies Minimize Critical Risks". ForwardGeek. 2 December 2015. Retrieved 27 October 2016.
  18. "PwC, ThetaRay Partner on Data Analytics". eWeek. 12 October 2015. Retrieved 26 October 2016.
  19. "ThetaRay Signs with ING Netherlands to Detect SME Lending Fraud". Finovate. 20 June 2016. Retrieved 27 October 2016.
  20. "SG Dealbook: ThetaRay opens office; Noble rights issue oversubscribed". DealStreetAsia. 27 July 2016. Retrieved 26 October 2016.
  21. "2014 Red Herring Europe Top 100 Winners". Red Herring. Retrieved 26 October 2016.
  22. "2014 TiE50 Winners". TiE. Retrieved 26 October 2016.
  23. "Frost & Sullivan Applauds ThetaRay's Path Breaking, Context-free Intrusion Detection Technology for the Industrial Internet and Financial Institutions". Frost & Sullivan. 10 February 2015. Retrieved 26 October 2016.
  24. "Cool Vendors in Security for Technology and Service Providers, 2015". Gartner. 23 April 2015. Retrieved 27 October 2016.
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