Venture Beat: BigID’s quick $1 billion-plus valuation shows rise of data intelligence and privacy

BigID, whose platform helps companies find and secure data, yesterday announced a $70 million round it said values the company at $1 billion just five years after launch. BigID said it will use the funds to expand its market reach.

The company announced that its data discovery and privacy platform can now be integrated with software-as-a-service (SaaS) applications from ServiceNow. It will also be adding support for Google Cloud Platform (GCP), alongside existing support for Amazon Web Services (AWS) and Microsoft Azure, BigID CEO Dimitri Sirota told VentureBeat.