Today's News |
Vancouver-based jSonar Receives US $50 Million Investment from Goldman Sachs to Deliver Modern Database Security
Friday, June 12, 2020Company Profile | Follow Company
Funding round to accelerate jSonar's delivery of the next generation of database security solutions, providing protection for all databases, big data systems and cloud data services.
Vancouver, BC, June 12, 2020--(T-Net)--jSonar, which has headquarter locations in both Vancouver, BC and Waltham, MA, announced today that it has closed a $50 million US investment from Goldman Sachs for the company's first institutional round of funding. As part of the transaction, David Campbell, a Managing Director in the Merchant Banking Division of Goldman Sachs, will join the Board.
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.
"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," said David Campbell, Goldman Sachs.
Over the last few years jSonar has seen rapid platform adoption by marquee 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, Teradata and more.
"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 Ron 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."
About jSonar
We're a thriving, privately funded organization who serves customers across North America. Our team is made up of veterans in the database, security, cloud, and information technology industries. We have two headquarter locations in Vancouver, B.C. and Waltham, MA.
At JSonar we're passionate about solving today's complex and costly approach to database security. We empower enterprise organizations to meet the needs of their transforming business by delivering a 360-degree view of their database security and compliance program across any on-premise and cloud environments. We rapidly deploy a comprehensive database security platform at a fraction of the cost of traditional solutions, delivering greater database coverage and richer, actionable security intelligence, all out of the box.
Company Snapshot |
||
Vancouver (InfoTech)
|