jSonar has closed a $50 million investment from Goldman Sachs for the company’s first institutional round of funding.
Headquartered in Boston and Vancouver, jSonar helps companies address database security and compliance needs, dramatically simplifying the process of establishing database protection while reducing cost.
jSonar’s platform closes the gaps inherent in legacy Database Activity Monitoring (DAM) programs that are unable to meet the demands of new use cases and platforms.
As part of the transaction, David Campbell, a Managing Director in the Merchant Banking Division of Goldman Sachs, will join jSonar’s Board.
Over the last few years jSonar has seen rapid platform adoption by enterprise customers in the financial services, healthcare and insurance industries within the Fortune 500, including 5 out of 10 of the world’s largest banks.
The platform has grown to support over 60 database platforms out-of-the-box, spanning Amazon Web Services, Google Cloud Platform (GCP), Microsoft Azure, Snowflake, MongoDB, Cassandra, Hadoop, and Teradata.
jSonar was co-founded by Ron Bennatan and Ury Segal in 2013.
“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,” said Bennatan, CTO and Co-Founder of jSonar.
“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.”