Dark Reading: BigID Announces $70 Million in New Investment, Raising the Company’s Valuation to $1B

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.

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