Goldman Sachs Invests $50M in jSonar
June 9, 2020
jSonar has closed a $50 million 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.
Companies with mature database security programs incorporate jSonar to
get the highest return from existing Database Activity Monitoring (DAM)
investments in Imperva SecureSphere, IBM Guardium or Oracle Audit Vault.
With jSonar, DAM customers save money on hardware, operations, and SIEM
indexing, while gaining actionable threat intelligence and comprehensive
support for cloud databases.
Companies migrating into the cloud leverage jSonar to rapidly onboard
new cloud and big data systems into their security and compliance
programs, eliminating the need to address each environment differently
while preserving their existing on-premise database security controls.
Companies targeting data security above basic compliance reporting use
jSonar to turn petabytes of raw activity data and alert fatigue into
visible, actionable security information that improves integration with
incident response. Powerful, database-specific User Entity and Behavior
Analytics (UEBA) engines and Security Orchestation, Automation and
Response (SOAR) capabilities go beyond detection and deliver preventive
controls, and seamless Splunk integration yields significant cost
with homegrown solutions deploy jSonar as an out-of-the-box platform
that rapidly delivers comprehensive end-to-end security for all database
platforms without requiring development efforts and high hardware,
storage and operational costs.
Companies just starting their database security journey use jSonar as a
fully managed service to jump-start their program without requiring
specialized skills and know-how.
"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."