Report: Alibaba Invests $5M In Cyber Security Startup ThetaRay

December 1, 2015 | Chinese e-commerce giant Alibaba has invested $5 million in Israeli cyber security company ThetaRay, Calcalist reports. It is estimated that the Chinese company will participate in a funding round of $ 20 million along with existing investors: General Electric (GE), the venture capital fund Jerusalem Venture Partners (JVP) and Poalim Capital Markets. The report comes after ThetaRay was named ‘Most Innovative Industrial Internet Technology’ at GE’S Minds + Machines 2015 Conference. Founded in 2014 by Prof. Amir Averbuch (Tel-Aviv University) and Prof. Ronald Coifman (Yale), ThetaRay has developed a solution to detect and prevent APT (Advanced Persistent Threat) and zero-day attacks within minutes from the moment they occur.