BigID Raises $30M in Additional Series D Funding Closed at 100M; Valued at $1.25 Billion
Summary
BigID, a NYC and Tel Aviv, Israel-based actionable data intelligence platform, raised $30M in additional Series D funding, which is now closed at 100M valuing the company at $1.25 Billion. Advent joined existing investors including Salesforce Ventures, Tiger Global Management, Glynn Capital, Bessemer Venture Partners, Scale Venture Partners and Boldstart Ventures. The company, which has now raised $200 million over four rounds since September 2019, intends to use the funds to expand globally, boost its go-to-market efforts to advance product development in the areas of data privacy, security, and governance. Led by CEO and co-founder Dimitri Sirota, BigID is a leader in data discovery and intelligence for privacy, protection and perspective. The company’s platform combines machine learning-based classification, cataloging, correlation, and cluster analysis to allow companies to understand, protect, and derive value from their data.
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