At the beginning of the year, Israeli startup BigID surprised us with $50 million in funding, based on a $350 million valuation according to Pitchbook. This came just a mere 4 months after securing a separate $50 million Series C round with a valuation of just under $100 million. And if you think that was impressive, then check this out, BigID closes out an incredible 2020 with a personal best $70 million Series D. The investment was led by Salesforce Ventures, Tiger Global and Glynn Capital, with participation from existing investors Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures. As expected, the investment comprised both primary and secondary shares, with the highlight being that the company has officially entered the $1 billion Unicorn territory.
GeekTime: Another Unicorn is born: BigID lands $70M but “doesn’t need the cash”
