Israel-based startup ThetaRay raises $57 million in private round
funding round led by global fintech platform Portage.
ThetaRay's technology uses artificial intelligence to identify financial cyber threats like money laundering so users can take action against suspicious transactions.
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«Global payment infrastructure too often fails to accurately differentiate between perfectly legitimate transactions and ones from bad actors dealing with illicit funds,» said Peter Reynolds, CEO of ThetaRay.
Venture capital funds JVP, the largest investor in ThetaRay, OurCrowd and others also participated in the funding round.