Crunchbase: BigID Raises $30 Million Series B To Help Corporations Locate And Protect Sensitive Data
These days, companies with “Big Data” can face some big problems.
Between the looming threat of security breaches by ever-more sophisticated intruders, new government regulations like GDPR, and a changing landscape of tools used to manage sensitive information, there’s a lot to lose if something goes wrong.
The challenge many companies face is figuring out what, exactly, they have to lose. Eighteen-year technology veteran Dimitri Sirota, co-founder and CEO of BigID, colorfully characterized the company as “an old-school Israeli cybersecurity firm” focused on data privacy and protection. The company is based in New York, but its engineering headquarters is located in Tel Aviv.
And BigID is moving fast.
Today, BigID announced that it’s raised a $30 million Series B round less than five months after it closed $14 million in a Series A. The company’s Series B round was led by a new investor to the company, Scale Venture Partners. Other participants in the round include prior investors ClearSky Security, Comcast Ventures, BOLDstart Ventures, Information Venture Partners, and SAP.io. Ariel Tseitlin, a partner at Scale Venture Partners, joins BigID’s board as part of the transaction.