BigID Adds $30m to Series D Funding

Enterprise data discovery and intelligence provider BigID has raised $30m in a Series D financing extension, bringing the total raised in the round to $100m, and valuing the company at $1.25 billion. The new investment will be used to expand globally.

BigID uses purpose-built technology and data science skills to help clients manage and protect their customer data and meet regulations like the CCPA and GDPR. Users can discover and map all types of data from enterprise data sources; automatically classify, correlate and catalog identity and entity data into profiles; manage and protect enterprise data with advanced data intelligence; and automate privacy and data protection.

New funding comes from private equity investor and NielsenIQ owner Advent International, and extends the $70m Series D financing raised last December. Since 2019, BigID has raised $200m over four rounds, and this add-on will also be used to drive the firm's go-to-market efforts and its product development across data privacy, security and governance.

CEO and co-founder Dimitri Sirota (pictured) comments: 'We're thrilled to work with Advent International and tap into their sector expertise and global footprint to drive future growth. We believe our unified data intelligence platform is uniquely positioned to ensure businesses tackle their data management pain points by providing increased knowledge and visibility of their data, enabling them to meet regulatory requirements, ensure their data is secure and lay the groundwork to reap the rewards of business intelligence'.

Web site: www.bigid.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.