BigID Welcomes $30M Investment from , Valuing BigID at $1.25B
Summary
NEW YORK, NY and TEL AVIV, Israel – April 22, 2021 — BigID, a leader in data discovery and intelligence for privacy, protection and perspective, today announced a $30 million investment from Advent International, one of the largest and most experienced global private equity investors, through Advent Tech, extending the company’s $70 million Series D financing raised in December 2020. The pandemic has accelerated all automation and digital transformation programs by several years as companies recognize the need to innovate, placing increased pressure on IT leaders to deliver digital initiatives and overcome issues such as data silos. This additional funding will help BigID expand globally, boost its go-to-market efforts and advance product development in the areas of data privacy, security, and governance. We see significant opportunity to extend BigID’s offering and accelerate its growth on a global scale, and we’re excited to support the team on this journey.” “We’re thrilled to work with Advent International and tap into their sector expertise and global footprint to drive future growth,” said BigID CEO and co-founder Dimitri Sirota. “The boom in data continues to present multiple challenges for enterprises – especially with the new tech stack.
Classifications
AskAI Classifications
LabelsLinked Companies
