jSonar secured $50 Million funding from Goldman Sachs


jSonar, a Boston based modern database security platform provider, has now raised a $50 million in the funding round.

jSonar is co-founded by the Ron Bennatan. It allows the companies to address database security and compliance needs, simplifying the process of establishing database protection while reducing cost.

Executive Opinion

David Campbell, an MD in the Banking Division of Goldman Sachs, said, “In the last decade, enterprise database infrastructure has grown exponentially in scale and complexity. Simultaneously, data security has evolved from a compliance requirement to a critical enterprise security component. jSonar enables its customers to meet today’s data security demands, positions them to seamlessly adopt new databases, data lakes, and cloud services, all while reducing costs and expanding their analytical capabilities. We are excited to invest in jSonar and work with the team to continue to build a world-class business”.

Ron Bennatan, CTO and Co-Founder of jSonar, said, “I’m thrilled that Goldman Sachs decided to join our journey to modernize database and Big Data security.The rapidly shifting enterprise landscape, including cloud adoption, an explosion of database platforms, the pressing need for data security beyond only compliance, and years of frustration over runaway costs, has created a huge opportunity for us to rapidly expand. Traditional database security solutions have proven to be too costly to be used broadly and provide little beyond a checkbox; the modern data landscape demands a new approach.”

jSonar's Latest Funding

The platform has grown to support more than 60 database platforms out of the box available from the Google Cloud Platform, Amazon Web Services, MongoDB, Hadoop, Teradata, Microsoft Azure, Snowflake, and others.

Goldman Sachs led the latest $50 Million funding round. Post funding, David Campbell, a Managing Director in the Merchant Banking Division of Goldman Sachs, will join the jSonar, Board of Directors team.

jSonar has witness enterprise adoption across the financial services, healthcare and insurance segments, notes the announcement.

PC: Pablo, Unsplash

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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