- BigID – a leader in data discovery and intelligence for privacy and protection – recently announced it raised $70 million in series D funding at a valuation of over $1 billion.
BigID – a leader in data discovery and intelligence for privacy and protection – recently announced it raised $70 million in series D funding. This round of funding brings the valuation to over $1 billion. The funding round comprised of both primary and secondary shares.
The funding round was led by Salesforce Ventures and Tiger Global and joined by Glynn Capital with participation from existing investors Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures. And this funding round will help accelerate BigID’s investment in data intelligence, further expand sales and marketing, and deliver new applications for actioning data in data privacy, security, and governance. As the leader in data intelligence, BigID continues to revolutionize how organizations find their high-value, high-risk Crown Jewel data, and then action it for compliance, security, and value creation.
KEY QUOTES:
“It’s a tremendous vote of confidence to have Salesforce Ventures and Tiger Global join Bessemer Venture Partners, Scale, Boldstart Ventures, and Glynn in preempting our series D with this latest investment. It’s a testament to our traction, team and vision that we can continue to attract the capital to fuel our data innovation for privacy, protection, and perspective.”
– Dimitri Sirota, CEO and co-founder of BigID
“Data powers the modern enterprise and has become indispensable for customer innovation and value creation. At the same time, it has also come under greater scrutiny given the sensitivity and increase in global privacy regulators. BigID has pioneered the ability for organizations to find and know their data in a way that helps them take action and automate critical privacy, security and data governance activities across a modern multi-cloud environment. We are excited to extend our investment in BigID.”
– Matthew Garratt, Managing Partner, Salesforce Ventures
