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JVP Founder and Chairman Erel Margalit Appointed Chairman of ThetaRay’s Board of Administrators

/PRNewswire/ —
ThetaRay, the main supplier of Large Knowledge analytics, stopping monetary cybercrime, right this moment named Jerusalem Enterprise Companions (JVP) Founder and Chairman Erel Margalit as Chairman of its Board of Administrators.

NEW YORK and HOD HASHARON, Israel, July 1, 2020 Thought-about one of many architects of Israel’s “Startup Nation,” a world-renowned entrepreneur himself, Erel Margalit based international-leading enterprise capital agency JVP. Beneath Margalit’s management, JVP has invested over $1.four billion in a whole bunch of know-how corporations, nurturing main market leaders, and orchestrating a few of the largest exits within the know-how world. JVP was chosen by the Metropolis of New York as its companion to rework town into the cyber capital of the world. Opened earlier this 12 months within the coronary heart of SOHO, “Margalit Startup Metropolis” was established in partnership with key gamers within the New York tech ecosystem. It’s also dwelling to JVP’s flagship worldwide cyber middle, the place ThetaRay’s US places of work are based mostly. Margalit, who was chosen by Forbes journal as one of many 50 prime enterprise capitalists on the planet (“Gold Contact Listing”) will assist information ThetaRay on its journey to succeed in new targets.

Established in 2013, ThetaRay has through the previous 12 months been acknowledged by a number of business analyst companies and media shops as a pacesetter in monetary cybercrime detection. The corporate was counseled by Frost & Sullivan for its AI-powered superior analytics platform. Moreover, the FinTech Breakthrough Awards named ThetaRay “Greatest Firm for Fraud Prevention,” and CIO.com recognized the corporate as one of many prime 10 Israeli tech startups shaping the world of economic providers right this moment.

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“This new period for the worldwide financial system considerably will increase monetary crime,” stated Margalit. “Cybercrime is a menace to society in each side, from belief funds and worldwide companies to cash laundering, terror financing, and human trafficking. Main monetary industries are looking for an answer — one that’s able to monitoring and alerting suspicious cash transferring. ThetaRay’s resolution is the perfect match. The corporate is at the moment at a monumental level and is led by a gaggle of sensible researchers and professionals who’ve performed a beautiful job through the years. I’m delighted to have the chance to hitch the ThetaRay crew as Chairman of the corporate, and am assured that with the proper steps, we’ll develop this firm right into a world chief inside a number of years.”

ThetaRay CEO Mark Gazit added, “In a digital period, when organizations are coping with a major enhance in cybercrime, ThetaRay provides an answer to these corporations in want. I imagine that Erel’s appointment as Chairman of ThetaRay, together along with his enterprise capital management and information of the tech world, will lead the corporate to the highest. Erel’s in depth expertise in main JVP portfolio corporations to a world management place will assist ThetaRay to not solely considerably develop its monetary operations, but in addition break into different industries. “

Margalit’s appointment follows ThetaRay’s current collaboration settlement with main European bank Santander, which adopted ThetaRay’s anti-money laundering (AML) resolution for correspondent banking. Margalit said, “Santander’s resolution to embed ThetaRay’s distinctive know-how is one other significant milestone within the ongoing struggle in opposition to monetary crime, terrorist financing and human trafficking. Santander leads a brand new banking idea dedicated to its responsibility to forestall monetary crime, and joins a protracted line of banks and monetary establishments which have already applied ThetaRay’s know-how, due to this fact assembly stringent banking business rules. I imagine Santander will change into a model for extra banks and along with ThetaRay will lead an actual revolution within the struggle in opposition to monetary crime.”

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About ThetaRay

ThetaRay helps purchasers in giant monetary organizations, safety and cyber divisions and significant infrastructure change into extra resilient and make the most of alternatives. Its superior analytics options function at an unprecedented pace, accuracy, and scale, enabling purchasers to handle danger, establish cash laundering, uncover fraud and dangerous loans. ThetaRay offers the one confirmed end-to-end synthetic instinct resolution, from knowledge integration to alert decision. It offers revolutionary knowledge integration and high quality capabilities, augmented monitoring and unregulated knowledge detection capabilities, and a unified platform machine studying know-how, portfolio administration and superior analytics capabilities. Organizations that depend on extremely heterogeneous and sophisticated environments profit from ThetaRay’s unmatched disclosure and low false constructive charges. www.thetaray.com

About JVP

Jerusalem Enterprise Companions (JVP), based and led by Dr. Erel Margalit, is an internationally famend enterprise capital fund. JVP has raised $1.four billion up to now throughout 9 funds, and has been listed quite a few occasions by Preqin, and different rankings, as one of many top-ten persistently performing VC companies worldwide. JVP has constructed over 140 corporations, leveraging a broad community of companions and market experience to assist corporations change into international market leaders. JVP was not too long ago chosen by New York Metropolis and EDC to guide the cyber safety cyber hub in NYC. Among the many pioneering companies of the Israeli enterprise capital business, JVP has been instrumental in constructing a few of the largest corporations out of Israel and facilitating 12 Preliminary Public Choices on NASDAQ. https://www.jvpvc.com

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Mark Prindle
Fusion PR
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SOURCE ThetaRay

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https://thetaray.com

Jung Min-seo

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