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.

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

PC: Pablo, Unsplash