BigID Announces $70 Million in New Investment, Raising the Company’s Valuation to $1Billion
Salesforce Ventures and Tiger Global co-lead Series D round
BigID, a leader in data discovery and intelligence for privacy, protection and perspective, today announced a $70M million series D financing, bringing the valuation to over $1 Billion. The new investment is the third in a little over a year and follows BigID being named to the 2020 Forbes Cloud 100. The transaction comprised both primary and secondary shares.
The latest investment was led by Salesforce Ventures and Tiger Global and joined by Glynn Capital, with participation from existing investors Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures. This round will help accelerate BigID’s investment in data intelligence for privacy, protection and perspective, further expand sales and marketing, and deliver new applications for actioning data in data privacy, security and governance. As the leader in data intelligence, BigID continues to revolutionize how organizations find their high value, high-risk Crown Jewel data and then action it for compliance, security and value creation.
“Data powers the modern enterprise and has become indispensable for customer innovation and value creation. At the same time, it has also come under greater scrutiny given the sensitivity and increase in global privacy regulators,” said Matthew Garratt, Managing Partner, Salesforce Ventures. “BigID has pioneered the ability for organizations to find and know their data in a way that helps them take action and automate critical privacy, security and data governance activities across a modern multi-cloud environment. We are excited to extend our investment in BigID.”
“It’s a tremendous vote of confidence to have Salesforce Ventures and Tiger Global join Bessemer Venture Partners, Scale, Boldstart Ventures, and Glynn in preempting our series D with this latest investment,” said Dimitri Sirota, CEO and co-founder of BigID. “It’s a testament to our traction, team and vision that we can continue to attract the capital to fuel our data innovation for privacy, protection and perspective.”