Capital Markets Conference
ThetaRay Can Detect Money Laundering Attempts Before They Are Carried Out, Says CEO
Mark Gazit, CEO of cybersecurity startup ThetaRay, spoke Wednesday at Calcalist's annual Capital Markets conference, held in collaboration with BDO and Psagot Investment House in Tel Aviv
Tzally Greenberg : 2019-07-03T18:19:50..
Israel-based cybersecurity company ThetaRay Ltd. can detect money laundering attempts before they are carried out, according to CEO Mark Gazit. “We use artificial intelligence to address a problem that is perhaps the most painful and most critical issue in finance today, money theft and laundering,” he said. Gazit spoke Wednesday at Calcalist's annual Capital Markets Conference, held in collaboration with BDO and Psagot Investment House Ltd. in Tel Aviv. an unspecified investment from Amsterdam-headquartered ABN AMRO Bank NV, made as an expansion of ThetaRay’s $30 million round announced in July. The company has raised about $60 million to date from investors including Jerusalem Venture Partners (JVP), General Electric, SVP Investments, Israel’s Bank Hapoalim, and Israel-based equity crowdfunding company OurCrowd Ltd.