ThetaRay Named 'Most Innovative Industrial Internet Technology' at GE'S Minds + Machines 2015

Big Data Analytics and Anomaly Detection Pioneer Joins GE Predix Accelerator Program

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Oct 28, 2015, 10:37 ET

HOD HASHARON, Israel, October 28, 2015 /PRNewswire/ --

ThetaRay, a leading provider of big data analytics solutions for advanced cyber security and operational efficiencies, today announced that GE (NYSE:GE) has granted the company an Industrial Innovation Award for offering the "Most Innovative Industrial Internet Technology." ThetaRay is working with GE's Predix Accelerator program, joining forces with the industry leader to deliver innovative anomaly detection that protects Industrial companies against cyber threats and operational risks.

The inaugural awards ceremony took place on September 30th at GE's Minds + Machines Conference in San Francisco, CA. ThetaRay was one of only four companies to be honored with Industrial Innovation Awards, alongside PepsiCo, Pitney Bowes, and Salt River Project. The "Most Innovative Industrial Internet Technology" award was designed to highlight a company or offering that significantly advances the Industrial Internet.

"The success of the Industrial Internet depends on a collaborative ecosystem," said Harel Kodesh, Vice President, Predix and CTO, GE Digital. "With Predix, GE is driving digital innovation across the industrial world-working with companies like ThetaRay helps advance this mission. We consider its technology a valuable component of the Predix microservice catalog that is helping our customers achieve better outcomes."

Through GE's Predix Accelerator program, ThetaRay will focus on developing a generic anomaly detection microservice that will be offered as part of the Predix services catalog for any developers with a specific need to identify anomalies in big data. ThetaRay's advanced anomaly detection capabilities provide real-time detection of operational risks like equipment failure and unplanned downtime.

"Our relationship with GE will make it possible for many more industrial companies to benefit from our groundbreaking solution," said Mark Gazit, CEO of ThetaRay. "We are honored to receive this award, and proud to be part of the Predix ecosystem."

ABOUT THETARAY

ThetaRay is a leading provider of big data analytics solutions that detect threats and discover opportunities. The company's platform analyzes massive amounts of data for advanced cyber security, financial risk detection and operational efficiency, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRay's core technology is based on state of the art algorithms, which power its proprietary Hyper-Dimensional, Multi-Domain Big Data Analytics platform. Organizations whose operations rely on highly heterogeneous and complex environments leverage ThetaRay's unmatched detection and low false positive rates as a see-all power that enables them to unify detection and uncover the unknown.

Learn more at http://www.thetaray.com. Follow us: @ThetaRayTeam

Contact: Mark Prindle, Fusion PR, +1-646-475-8446, [email protected]

SOURCE THETARAY