BigID raises $60 million at over $1 billion valuation as it closes on $100 million in ARR
BigID raises $60 million at over $1 billion valuation as it closes on $100 million in ARR
The Israeli startup, which develops solutions for data security and compliance for the public and private cloud, recently introduced new data hygiene capabilities for the generative AI data pipeline
AI-augmented data security company BigID has raised $60 million in a growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent. BigID took its total funding to $320 million, and said it continues to be valued at over $1 billion. The company’s valuation has remained largely unchanged since raising $70 million in Series D funding at a $1.25 billion valuation in December 2020.
BigID, which develops solutions for data security and compliance for the public and private cloud, recently introduced new data hygiene capabilities for the generative AI data pipeline from discovery through staging and enrichment, as well as new controls for detecting and tracking model access to sensitive data. With this latest funding, BigID aims to accelerate both organic and inorganic expansion in AI data security and compliance.
BigID was founded in 2016 by Dimitri Sirota and Nimrod Vax and operates out of offices in New York City and Tel Aviv.
"In five years BigID has grown from first customer to almost $100M in recurring revenue, helping global enterprises meet their expanding data security, compliance, privacy and governance needs in the hybrid cloud," said Dimitri Sirota, CEO and Co-founder of BigID. "With corporate attention now turning to enabling responsible and trusted AI, BigID is uniquely-positioned to help companies address the novel challenges of unstructured training data, including quality, bias, privacy, access, sovereignty and more. This funding gives BigID additional capital to accelerate and scale organic and inorganic growth."
