ThetaRay

ThetaRay
Private
Industry Big data analytics
Founded 2013
Founders
Headquarters Hod HaSharon, Israel
Website www.thetaray.com

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]

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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