ThetaRay, an Israel-based cyber-security technology company which provides protection against advanced persistent threats (APT) and zero day attacks, has received an undisclosed investment from US-based conglomerate General Electric (GE).
GE joins Jerusalem Venture Partners (JVP) as an investor in ThetaRay.
Brett May, head of ventures and business development, GE Software, said: “GE’s efforts in Israel are a crucial step in a long and determined series of security efforts to safeguard our products. As the data proliferates, so will the opportunities to exploit it due to the interconnected nature of systems and machines. Theta Ray has a unique and innovative approach that can be used in the future to potentially help protect products and data.”
Yoav Tzruya, partner in JVP’s Labs, said: “We believe there is a unique business opportunity in the Israeli cyber-security sector, which combines high-quality human capital, significant investment by both the government and industry, leading academic centers, major multinational R&D centers, and a unique entrepreneurial culture that leads to innovative solutions. We have made it a priority to collaborate with major strategic partners like GE in order to allow our companies to benefit from early collaboration on product development, gain invaluable insights regarding their target markets and develop joint go-to-market strategies.”
ThetaRay, which uses patented algorithms, was founded by Professor Amir Averbuch of Tel Aviv University and Professor Ronald Coifman of Yale University.