Cyber-Ark Software, which provides identity management solutions to financial institutions and other enterprise customers worldwide, has raised a healthy $40 million in venture capital funding in a round led by Goldman Sachs and Jerusalem Venture Partners (JVP).

Founded in 1999, Cyber-Ark had previously raised $25 million from angel investors and VCs.

The company provides information security solutions to roughly 1000 enterprise clients, enabling them to protect users, applications and data against both insider and external threats.

The company has 170 employees worldwide and is headquartered in the US, with R&D operations located in Israel.

The $40 million investment deal includes the purchase of shares from existing shareholders by Goldman Sachs and JVP, as well as the provision of growth capital for the company.

As part of the round, JVP founder and chairman Erel Margalit will be appointed chairman of the company, and Goldman Sachs VP David Campbell will be joining Cyber-Ark’s board.

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