BigID raised $60M in a Series E funding round led by Riverwood Capital to accelerate growth in AI data security and compliance sectors.

Mar 18, 2024•over 1 year ago

Amount Raised

$60 Million

Round Type

series e

New YorkData And AnalyticsInformation TechnologySoftware

Investors

Advent TechSilver Lake WatermanRiverwood Capital

Description

Israeli cyber security startup, BigID, announced a $60 million Series E funding round today, led by Riverwood Capital. The round also saw participation from Silver Lake Waterman and Advent Tech, bringing their total funding up to $320 million. BigID also mentioned reaching near $100 million in Annual Recurring Revenues (ARR), a milestone reached by only the elite startups, and a hallmark of exceptional business growth.

Company Information

Company

BigID

Location

165 Mercer Street

New York, New York, United States

About

BigID empowers organizations to know their enterprise data and take action for data-centric security, privacy, compliance, AI innovation, and governance. Customers deploy BigID to proactively discover, manage, protect, and get more value from their regulated, sensitive, and personal data across their data landscape. BigID has earned numerous accolades, including being highlighted as CRN's top 100 security companies two years in a row in 2024 and 2023, a finalist in CRN's 2024 Tech Innovator Awards, recognized as the most innovative security company of the year for its AI data security in the 2024 Globee Awards, and named as a "Market Leader Data Security Posture Management (DSPM)" in the 2023 Global InfoSec Awards. Additionally, BigID's impressive growth earned it a spot on the 2024 Deloitte 500 for the fourth consecutive year, one of CNBC's Top 25 Startups for the Enterprise, named to the Forbes Cloud 100, and recognized on the 2024 Inc. 5000 for the fourth consecutive year.

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