ABN AMRO Digital Impact Fund invests in financial crime detection provider ThetaRay

ABN AMRO Digital Impact Fund invests in
financial crime detection provider ThetaRay

AMSTERDAM – June 12, 2019 – ABN AMRO Digital Impact Fund takes a stake in Thetaray, an Israeli Big Data analytics firm. Its IntuitiveAI platform mimics human intuition’s decision-making capabilities to detect both existing and previously unknown malicious activity of bad actors. Combating money laundering, human trafficking and terrorist financing are top priorities for banks, and ABN AMRO uses ThetaRay’s innovative solutions to help carry out its activities as gatekeeper to the financial system.

Hugo Bongers, Director of ABN AMRO Digital Impact Fund, said: “Our investment in ThetaRay strengthens the current operational relationship between the bank and ThetaRay. The market for these solutions driven by artificial intelligence is a major growth market across the world and is strategically relevant to all types of financial services. In addition, ABN AMRO stands to benefit from access to the Israeli ecosystem of cybersecurity and financial crime detection firms, as well as the leading venture capital investors operating in this business, such as JVP (Jerusalem Venture Partners) and OurCrowd.”

“We’re very proud that ABN AMRO, a customer that benefits from ThetaRay’s intuitive artificial intelligence technology to combat financial cybercrime and operational failures, has now also become an investor,” said Mark Gazit, CEO of ThetaRay. “ABN AMRO is a visionary company that recognizes the value of a technology that can apply our IntuitiveAI-based solutions to drive better outcomes and capture future growth opportunities. We see ABN AMRO Digital Impact Fund as a true partner for creating a safer world.”

About ABN AMRO Digital Impact Fund:
The ABN AMRO Digital Impact Fund is our corporate venture fund dedicated for fintech that invests in innovative businesses specialising in the digitalisation of financial products and services. The EUR 50 million fund has stakes in Tink, BehavioSec, solarisBank, Ockto, Crosslend and Tealium, and previously invested in Cloud Lending Solutions (from which it exited in 2018).

About ThetaRay:
ThetaRay is dedicated to helping clients at large financial organizations, cyber security divisions and critical infrastructure become more resilient and seize opportunities. Its advanced analytical solutions operate with unprecedented speed, accuracy and scale, enabling clients to manage risk, detect money laundering schemes, uncover fraud, expose bad loans, uncover operational issues and reveal valuable new growth opportunities. To learn more about ThetaRay, visit www.thetaray.com

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Jerusalem Venture Partners™ is a leading international Fund with strong presence in Israel and New York. For the past 30 years, JVP has been instrumental in building some of Israel’s international category leaders, scaling them to North America, Europe and Asia, with significant ownership positions. JVP invests early, taking large positions on a low-cost basis, and then invests in the companies again, to maintain and increase its position, with leading third party international Funds.

A Defining Moment for Cybersecurity, for JVP, and for Israel/US Cooperation: CyberArk’s $25B Merger with Palo Alto Networks

Last week marked a moment of both pride and reflection for all of us at JVP. The announcement of CyberArk’s $25 billion acquisition by Palo Alto Networks is not just a landmark deal in the cybersecurity landscape—it’s a powerful validation of the JVP Way, our approach to company building that continues to define our firm today.

While we are no longer CyberArk shareholders, having exited our position a few years after its IPO, we were proud to have been CyberArk’s leading and largest shareholder from its early days to several years after it became a public company and its emergence as an international category leader. While I was Chairman of the company, we partnered closely with the founders during the most formative years of its journey. Back in 2011, when many investors were ready to sell the company for $120 million, JVP chose to reinvest and increased our position to 47%, buying out early shareholders, bringing in Goldman Sachs as an equity investment partner, and partnering with management to lay the foundation for a strong international expansion. That pivotal moment gave the company the opportunity to scale into a true global market leader.

CyberArk has always been ahead of the curve—pioneering insider threat protection, secrets management, machine-to-machine authentication, and most recently, preparing the world for secure Agentic-AI infrastructure. Its merger with Palo Alto Networks positions it to lead the AI era with a fully integrated, end-to-end security platform.

We invite you to revisit JVP’s unique role in CyberArk’s growth in this Forbes feature, Reuters press, and from CyberArk’s newsroom.

This milestone is a reminder that JVP’s tried and true approach – invest, reinvest, roll up our sleeves, and work diligently alongside founders and management teams to build category leading global companies – works. The JVP Way, developed over 30 years, is what enables JVP to build companies that lead and transform industries to the benefit of our investors.

Today, we continue to apply the same methodology to our current portfolio with company after company surpassing the $100 million revenue threshold, with JVP owning 40% or more, as they too become category-leading international businesses.