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Developer Tools · head to head

Sourcegraph vs ThetaRay

Sourcegraph logo

Sourcegraph

Developer Tools

Code search and intelligence platform for large codebases with Cody AI assistant

From
$16000/year
Free plan
No
Visit SourcegraphFull review
ThetaRay logo

ThetaRay

Cybersecurity

Unsupervised AI transaction monitoring for cross-border and correspondent banking

From
On request
Free plan
No
Visit ThetaRayFull review

The short version

  • Sourcegraph is an enterprise code intelligence platform.
  • Sourcegraph starts at $16000/yr; ThetaRay prices on request.
  • Where Sourcegraph falls short: enterprise pricing starting at $16k annually creates significant barrier for small teams.
  • Prices and features on this page were last checked on 13 November 2026.

Where they differ

Only the attributes on which Sourcegraph and ThetaRay actually diverge.

Attributes where Sourcegraph and ThetaRay differ
AttributeSourcegraphThetaRay
Starting price$16000/yearOn request
Pricing modelSubscriptionQuote
PlatformsWeb, Self-hostedWeb
CategoryDeveloper ToolsCybersecurity

Identical on both: free tier (No).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Sourcegraph

Nothing recorded that ThetaRay does not also cover.

Only in ThetaRay

  • Unsupervised detection
  • Cross-border focus
  • Sanctions screening
  • Alert triage
  • Customer risk scoring
  • Cloud native

What people use each for

The jobs each tool is most often brought in to do.

Sourcegraph

  • Large-scale code migrations across hundreds of repositoriesnot ThetaRay
  • Enterprise governance and code ownership trackingnot ThetaRay
  • AI-assisted bug hunting and security pattern detectionnot ThetaRay
  • Onboarding engineers into large unfamiliar codebasesnot ThetaRay
  • Regulatory compliance and code audit trailsnot ThetaRay

ThetaRay

  • A correspondent bank that cannot see the ultimate originator and needs behavioural signals rather than counterparty listsnot Sourcegraph
  • A cross-border payments fintech whose rules engine produces more alerts than its compliance team can clearnot Sourcegraph
  • A bank under a regulatory consent order needing demonstrable improvement in detection within a fixed periodnot Sourcegraph
  • A payment institution entering a high-risk corridor where existing thresholds were calibrated on domestic trafficnot Sourcegraph

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Sourcegraph

  • Enterprise pricing starting at $16k annually creates significant barrier for small teams
  • No free tier or standard plan published; all options require custom sales engagement
  • Complex enterprise-only positioning limits adoption compared to GitHub Copilot's pervasiveness
  • Requires indexing entire codebase; not suitable for small or ephemeral projects

ThetaRay

  • Unsupervised models are harder to justify to an examiner than explicit rules, and some regulators still expect documented threshold logic, which can force you to run both systems
  • The alert reduction claim depends heavily on your data, so a parallel run is essential and adds months and cost before you can decommission the incumbent
  • Coverage is strongest in cross-border and correspondent flows; institutions whose risk is domestic retail fraud will find the fit weaker than a general-purpose monitoring platform
  • It is a smaller vendor than the incumbents, so integration connectors into legacy core banking systems are often bespoke work rather than a supported adapter
  • Model retraining and tuning are vendor-led, which means changing detection behaviour is a support conversation rather than something your own analysts can do that afternoon

Pricing, plan by plan

Sourcegraph

$16000/year
  • Enterprise$16,000/yr
    • Scales with team size
    • Credits for AI features per user
    • Deep Search

ThetaRay

On request
  • ThetaRay SonarOn request
    • Priced by monitored transaction volume and number of monitored entities
    • SaaS on Azure with regional data residency options
    • Parallel run and model tuning included in onboarding

Which should you pick?

Choose Sourcegraph if

  • You work on Web, Self-hosted.
Sourcegraph review

Choose ThetaRay if

  • You need unsupervised detection.
  • You also want cross-border focus.
ThetaRay review

Questions people ask

Is Sourcegraph or ThetaRay better?
Neither clearly leads. Sourcegraph starts at $16000/year and ThetaRay at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Sourcegraph or ThetaRay?
Sourcegraph starts at $16000/year and ThetaRay at On request.
Does Sourcegraph or ThetaRay run on more platforms?
Sourcegraph runs on Web, Self-hosted. ThetaRay runs on Web.
What is Sourcegraph best used for?
Sourcegraph is most often used for large-scale code migrations across hundreds of repositories, enterprise governance and code ownership tracking, ai-assisted bug hunting and security pattern detection, onboarding engineers into large unfamiliar codebases. Of those, large-scale code migrations across hundreds of repositories and enterprise governance and code ownership tracking are not what ThetaRay is typically brought in for.
What can Sourcegraph do that ThetaRay cannot?
ThetaRay covers Unsupervised detection, Cross-border focus, Sanctions screening, Alert triage.

Answered from the vendors’ own pages

ThetaRay: Does it replace a rules engine entirely?

Rarely on day one. Most institutions run it alongside existing rules during a parallel period, and some keep specific regulator-mandated rules permanently.

ThetaRay: Where is the data processed?

SaaS runs on Microsoft Azure with regional deployment options, which is the mechanism for meeting data residency conditions in regulated markets.

ThetaRay: Is sanctions screening included?

Screening is available on the same platform but licensed as part of the commercial package rather than bundled by default. Confirm it is in your quote.

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