JERUSALEM, Sept 5 (Reuters) - Israel's ThetaRay said on Tuesday it raised $57 million in a private funding round led by global fintech platform Portage. ThetaRay's technology uses artificial intelligence to identify financial cyber threats like money laundering so users can take action against suspicious transactions. "Global payment infrastructure too often fails to accurately differentiate between perfectly legitimate transactions and ones from bad actors dealing with illicit funds," said Peter Reynolds, CEO of ThetaRay. Venture capital funds JVP, the largest investor in ThetaRay, OurCrowd and others also participated in the funding round. (This story has been corrected to remove reference to ThetaRay being a cyber security firm in paragraph 1)Reporting by Steven ScheerOur Standards: The Thomson Reuters Trust Principles.

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Persons: Israel's ThetaRay, Peter Reynolds, Steven Scheer Organizations: Venture, JVP, Thomson Locations: Portage, ThetaRay, OurCrowd