BigID Raises $50 Million To Help Businesses Comply With Data Privacy

By Amit Chowdhry ● January 6, 2020
  • BigID, a leader in privacy-oriented data discovery, intelligence, and automation, announced it raised $50 million from Tiger Global

BigID — a leader in privacy-oriented data discovery, intelligence, and automation — announced it has raised $50 million in a new round of funding from Tiger Global. This round of funding will be used to deliver new products in the privacy and protection of personal data along with the expansion of go-to-market strategies across the globe.

Within the last two years, BigID has raised $144 million. And the company has established itself as a leader in privacy-centric data discovery and intelligence to help enterprises automate privacy compliance activities like data access rights, data sharing management, and consent governance.

California Consumer Privacy Act is becoming law in 2020 and new state and global regulations set to follow, BigID is poised to build on this leadership to help companies better understand and protect their most important data crown jewels.

“Since starting in 2016, BigID has aimed to rethink how organizations provide data accountability to their customers through more intelligent data accounting,” said BigID chief executive officer Dimitri Sirota. “Before BigID, data privacy was largely about policy and process. BigID put data at the center, redefining how enterprises find, manage and protect their most important asset: their customer and employee data. The new funding reflects the success BigID has achieved with customers and partners in a few short years and positions the company to maintain its innovation leadership for years to come.”

Some of BigID’s biggest accomplishments in the past two years include 4x in sales growth over the last couple of years, $44 million raised in 2018 followed by $100 million raised in 2019. And the company also introduced the first-of-its-kind identity correlation technology for finding and mapping personal data to any person across any data source. Plus the company also introduced first data access request fulfillment technology into the privacy market for automating CCPA and GDPR data rights.