Israel-based security analytics software company ThetaRay secured $10m in series B funding yesterday in a round featuring industrial group General Electric (GE).
Venture capital firm Jerusalem Venture Partners (JVP) and Poalim Capital Markets, the investment banking arm of Bank Hapoalim, Israel’s largest financial group, also took part.
ThetaRay detects cybersecurity threats for critical infrastructure, financial institutions and other sectors through its analytical platform by analysing security and operational data sources instantaneously. The funding will allow ThetaRay to enter into the US and expand its global presence.
GE previously invested an undisclosed amount in the company in August 2013, after JVP had provided an undisclosed sum for its seed round earlier in the year.