Built In NYC: Data Privacy Startup BigID Raises Another $70M, Reaches $1B Valuation

Cybersecurity startup BigID has closed on a $70 million Series D, its third funding in a little over a year. This latest round was led by Salesforce Ventures and Tiger Global, and brings the NYC company’s total valuation to more than $1 billion.

Matthew Garratt, a managing partner at Salesforce Ventures, describes data as “indispensable,” essential to the success of a business. Indeed, mountains of personal data have been traded between companies and private citizens over the decades. And as technology like location-tracking apps and smart-home devices become more entrenched in our everyday lives, the security of that data is getting more and more important.