Why would Goldman Sachs invest a hefty amount into a previously little known company working on something unsexy like database security?

Let’s face it: database security is not the most appealing topic for most people. Ron Bennatan, CTO and co-founder of jSonar, is very aware of it. That, however, has not stopped him and the jSonar team from carving out a spot for themselves and making progress over the years. It has not stopped Goldman Sachs from investing in jSonar either.

jSonar announced it 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 jSonar’s board.

“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 Campbell.

Read the full article on ZDNet