jSonar has closed a $50 million investment from Goldman Sachs for the company’s first institutional round of funding.
“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, a managing director in the merchant banking division of Goldman Sachs, who is joining the jSonar board.
jSonar helps companies address database security and compliance needs, 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.
Over the last few years, jSonar says it has seen rapid platform adoption by enterprise customers in the financial services, healthcare, and insurance industries within the Fortune 500, including five out of 10 of the world’s largest banks. The platform has grown to support over 60 database platforms out-of-the-box, spanning AWS, Google Cloud Platform, Microsoft Azure, Snowflake, MongoDB, Cassandra, Hadoop, Teradata, and more.
For more information, go to www.jsonar.com