BigID is an AI-augmented data security and privacy platform that helps organizations discover, manage, protect, and extract value from regulated, sensitive, and personal data across public and private cloud environments. The company provides data-centric security, privacy, compliance, AI innovation, and governance capabilities and is led by CEO Dimitri Sirota. Recently BigID introduced data hygiene features for the generative AI data pipeline and new controls to detect and track model access to sensitive data. The company serves customers that deploy its platform to proactively discover and manage data across their data landscape. BigID raised a $60M Growth round and has now raised $320M in total capital at a valuation of over $1 billion. It intends to use the new funding to accelerate both organic and inorganic expansion in AI data security and compliance from its NYC base. BigID offers a data intelligence platform that enables organizations to discover their enterprise data and take action across privacy, security, and governance. The platform provides modern data visibility and control through modular apps designed to scale for evolving data landscapes. BigID’s capabilities are positioned to help customers discover data and ensure it remains compliant, private, and secure. Hewlett Packard Enterprise is investing to support BigID’s next phase of growth and innovative technology. BigID’s leadership frames the partnership as a way to bring innovative solutions that address complex and evolving data challenges. BigID builds a security and privacy platform that helps organizations discover, manage and secure data. The company has separated its product into modular core capabilities sold as an integrated platform. Management says it has added employees since December and is developing a host of new product modules and offerings to be announced in the coming weeks. Leadership intends to use the new capital to accelerate product development and add a sales team focused on smaller commercial accounts. BigID has attracted both venture and strategic investors, reflecting demand for data management and security solutions. The company reports it has raised more than $200 million across four rounds. BigID builds a security and privacy platform that began as a GDPR-focused data discovery product and has expanded into a broader data intelligence platform. The company enables BigID and third parties to build applications on top of its platform and plans to open a marketplace to third-party developers in 2021. Management said it expects a material uplift in revenue this year and reports five years of runway following the latest round. BigID has 235 employees today and plans to grow to about 300 next year; it paused hiring in Q2 during the pandemic but did not resort to layoffs. The company is accelerating sales and marketing in 2021 and is working to expand internationally and improve diversity at board, executive, and staff levels. BigID builds an enterprise privacy platform that provides data discovery, classification and correlation across disparate sources. The platform is designed to help customers trace personal data connections across systems like Salesforce, Workday, AWS and mainframes, even across hundreds of petabytes. The company recently restructured its offering into a core set of capabilities sold as a cohesive platform while remaining a broad-based solution. BigID says customers repeatedly request these core capabilities, which enable compliance with new privacy regulations. CEO and co‑founder Dimitri Sirota said the company will continue expanding the platform and has upcoming announcements around partnerships, customers and new capabilities. Financially, BigID has been raising quickly to scale for demand and has now raised more than $96 million to date.

Total raised

$256M

Funding rounds

8

Latest round

Equity

Latest activity

Mar 2024