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Thetaray, The Leader In Next Generation Ai-Powered Secure Global Payments, Raises $57 Million To Continue Unlocking Business Opportunities For Banks And Fintechs

Sep 05, 2023

Amount Raised

$57 Million

Round Type

Funding Round

SoftwareArtificial IntelligenceMachine Learning

Investors

Our CrowdJvpPortage

Description

ThetaRay, the leader in next-generation AI-powered secure global payments with offices in New York, Madrid, London, Dubai and Tel Aviv, announced today a significant growth round led by Portage, with investments by existing investors JVP, OurCrowd and others. The investment, totaling $57 Million, will enable ThetaRay to accelerate global growth plans and capitalize on significant market demand as Banks and FinTechs urgently look to replace legacy tools with next-generation financial crime detection technology.

Quick answer

ThetaRay raised $57 Million in a Funding Round round, dated September 5, 2023. Investors: Our Crowd, Jvp and Portage.

How much did ThetaRay raise?
ThetaRay raised $57 Million in a Funding Round round on September 5, 2023.
Who invested in ThetaRay?
Our Crowd, Jvp and Portage are named as investors in this round.
What does ThetaRay do?
ThetaRay is the provider of SONAR, the AI-powered AML transaction monitoring solution that allows payment fintech and banks to expand their business opportunities and grow revenues through trusted and reliable..
Where is ThetaRay based and how big is it?
Fundz records about 260 employees.
Who are the decision-makers at ThetaRay?
Fundz holds 2 contacts at ThetaRay. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as ThetaRay that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • LegalMation raised $15M on October 20, 2023.
  • Cranium Al raised $20M on October 16, 2023.
  • JusBrasil Ltd raised $86M on October 13, 2023.
  • Atana raised $6M (Series A) on October 11, 2023.
  • Aampe raised $7.5M (Funding Round) on October 5, 2023.

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Company Information

Company

ThetaRay

About

ThetaRay is the provider of SONAR, the AI-powered AML transaction monitoring solution that allows payment fintech and banks to expand their business opportunities and grow revenues through trusted and reliable cross-border and domestic payments. The groundbreaking solution improves customer satisfaction, reduces compliance costs, and increases risk coverage. Using an advanced form of AI called "artificial intelligence intuition" and a family of proprietary, patented machine learning algorithms, SONAR analyzes data dynamically without relying on predefined scenarios or models, enabling effective detection and prevention of money laundering and other financial crimes. ThetaRay's technology is the only cloud-native SaaS offering that analyzes SWIFT traffic, risk indicators, and client/payer/payee data to detect anomalies indicating money laundering and sanctions violations activity across complex, cross-border transaction paths in a single unified platform. Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay's unmatchable low false positives and high detection rates.

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ThetaRay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.