The financial security technology developer doubled its total funding to $60m with a round featuring long-term backer General Electric.

ThetaRay, a US-based developer of artificial intelligence (AI)-equipped security technology, received more than $30m in funding on Tuesday from investors including power, automation and industrial equipment producer General Electric (GE).

Financial services firm Bank Hapoalim, venture capital firm Jerusalem Venture Partners (JVP), crowdfunded VC platform OurCrowd and SVB Investments, a subsidiary of venture debt provider Silicon Valley Bank, also took part in the oversubscribed round.

ThetaRay provides AI and machine learning technology that helps clients identify potential areas of risk…