BigID raises $50 million to accelerate global sales, channel and product expansion
BigID, the leader in privacy-oriented data discovery, intelligence and automation announced that it has raised $50 million in new funding from Tiger Global less than four months after previously raising a $50M Series C.
The new capital will be used to deliver new products in privacy and protection of personal data along with expansion of go-to-market strategies across the globe.
With $144 million raised in less than two years, BigID 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.
With the California Consumer Privacy Act becoming law in 2020 and new state and global regulations set to follow, BigID is poised to build on this leadership to help enterprises better know and better 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,” explained Dimitri Sirota, CEO and co-founder of BigID.
“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.”