It was announced that Ionic Security Inc. closed a $40 million Series E round led by financial services leader JPMorgan Chase & Co., with participation by Google LLC as a new investor. Current venture investors Kleiner Perkins, GV, Icon Ventures, Meritech Capital, TechOperators and Ten Eleven Ventures participated, alongside other new and existing investors. JPMorgan joins Goldman Sachs and SunTrust Bank as the third major financial services firm to invest in Ionic Security. In addition, Ionic Security formed a technology partnership with Google Cloud in 2017 to help customers reduce the complexity of data trust management in cloud services. The new capital will be used to accelerate the openness, accessibility, and pervasiveness of Ionic's Data Trust Platform.

"We are humbled to expand our relationship with market leaders such as JPMorgan Chase, Google, and our existing investors to bring Ionic solutions to a broader audience with greater ease," said Adam Ghetti, founder and CTO, Ionic Security. "From our earliest days we have focused on building deep, trusted, and expansive relationships for the benefit of the overall security ecosystem. JPMorgan Chase and Google have demonstrated their commitment to the same ideals after years of close collaboration to create elegant solutions for the complex problems that face the entire enterprise IT landscape."

Ionic Security has millions of licensed users, a rapidly growing number of application integrations powered by the company's developer platform, and industry leading clients across both private and public sectors. Through partnerships with market leaders in cloud technology, systems integration, and other innovative security vendors, Ionic has earned the trust of many global organizations to become the platform of choice for data trust management at scale.

"One of the toughest challenges facing enterprises today is effectively managing the security, governance, privacy, and ultimately trust, of the vast amounts of data powering large organizations," said Rohan Amin, CIO, Consumer & Community Banking at JPMorgan Chase & Co. "Ionic Security's data trust management platform, along with a powerful ecosystem of partners, allows firms like ours to bring consistency and simplicity to these challenges."

Mr. Amin has joined the company's board of directors.

More and more independent software vendors, cloud service providers, managed service providers, system integrators, and enterprise application software developers are harnessing the power of Ionic, which is easily enabled through a robust suite of SDKs and APIs. This strategic investment round reinforces Ionic Security as the data trust management platform of choice to deliver consistent data governance, access control and visibility across clouds, applications, and infrastructure silos for the digital enterprise.