ICLG: BigID valued at USD 1 billion after Series D financing

International data intelligence company BigID has been valued at USD 1 billion following a Series D financing round. The financing round, which raised USD 70 million, called on advice from a team of Cooley lawyers, led by partner Adam Dinow. As a result of the financing, the New York-headquartered company’s valuation has risen to USD 1 billion. Comprising of both primary and secondary placing shares, the financing round was led by Salesforce Ventures and Tiger Global and also involved technology growth company investment-focused company Glynn Capital. The financing also included participation from BigID’s existing investors, United States venture capital firm Bessemer Venture Partners, California-headquartered venture capital firm Scale Venture Partners, and Boldstart Ventures. Proceeds gained from the financing will be used to BigID to help drive its investments in data intelligence for privacy, security and governance.