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.

ThetaRay's AI-powered SONAR transaction monitoring solution, based on 'artificial intelligence intuition,' allows Banks and Fintechs to expand their business opportunities through safe and reliable cross-border payments. The groundbreaking solution also improves customer satisfaction, reduces compliance costs, and increases risk coverage. Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay's unmatchable low false positive and high detection rates.