BigID raises $60 million in a flat round at $1 billion valuation
In five years, BigID has grown from first customer to almost $100m in recurring revenue
BigID, the AI-enhanced data security firm, has recently secured $60 million in a growth round led by Riverwood Capital, with Silver Lake Waterman and Advent also participating. This brings BigID's total funding to $320 million. Despite this significant investment, the company's valuation has remained stable, exceeding $1 billion. This valuation has been consistent since the Series D funding round in December 2020, where BigID raised $70 million and was valued at $1.25 billion.
“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,” BigID CEO and Co-founder Dimitri Sirota said.
Customers use BigID to reduce their data risk, automate security and privacy controls, achieve compliance, and understand their data across their entire data landscape: including multicloud, hybrid cloud, IaaS, PaaS, SaaS, and on-prem data sources.
The company was founded by Dimitri Sirota and Nimrod Vax in 2016.
