BigID Raises $50 Million In New Funding From Tiger Global.

BigID Raises $50 Million In New Funding From Tiger Global

by NeoTech Post

BigID, a developer of personal data privacy and protection automation software for enterprises, raised $50 million in new funding from Tiger Global, an investment firm focused on growth-oriented private companies.

The firm’s investment portfolio includes – Spotify, Harry’s, Warby Parker, Peloton, JD.com, Facebook, LinkedIn, Yandex, Mail.ru Group, Despegar, Ola, and Flipkart. 

BigID’s latest founding announcement comes less than four months after a $50 million in Series C funding round in September 2019, which was led by Bessemer Venture Partners with participation from SAP.io Fund, Comcast Ventures, Boldstart Ventures, Scale Venture Partners, ClearSky, and Salesforce Ventures.

The company has raised $146 million in funding since its founding in 2016. 

The new capital will further accelerate global sales, channel, and product expansion, the company said.

The BigID privacy-centric data discovery and intelligence solutions help enterprises automate privacy compliance activities like data access rights, data sharing management, and consent governance. 

“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.”