Connect with us

Hi, what are you looking for?


Cybersecurity Funding

BigID Raises $60 Million at $1 Billion Valuation

Data security firm BigID raises $60 million in a growth round that brings the total to $320 million and values the company at over $1 billion.

Data security, compliance, privacy and governance solutions provider BigID announced on Monday that it has raised $60 million in a growth funding round.

The company has raised a total of $320 million and is valued at more than $1 billion. It claims to have reached nearly $100 million in recurring revenue. 

The latest funding round, which will help BigID accelerate and scale organic and inorganic growth, was led by Riverwood Capital, with participation from Silver Lake Waterman and Advent.

BigID provides data discovery, data security posture management, data privacy management, compliance, zero trust, and cloud data loss prevention solutions to enterprises. 

The company is now also advertising solutions for AI data security and it plans on using the new funding for its expansion into this area.

“Building on its deep domain experience in the classification, compliance and contextualization of unstructured data, BigID recently introduced new data hygiene capabilities for the generative AI data pipeline from discovery through staging and enrichment, as well as new controls for detecting and tracking model access to sensitive data,” BigID said.

The company previously announced unicorn valuation in late 2020, after raising $70 million in a Series D funding round

Related: White House Issues Executive Order on International Data Protection

Related: Cloud Data Security Startup Theom Emerges From Stealth With $16 Million in Funding

Advertisement. Scroll to continue reading.

Related: Data Security Startup CommandK Raises $3 Million in Seed Funding

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.


Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.


SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.


People on the Move

Cody Barrow has been appointed the new CEO of threat intelligence company EclecticIQ.

Shay Mowlem has been named CMO of runtime and application security company Contrast Security.

Attack detection firm Vectra AI has appointed Jeff Reed to the newly created role of Chief Product Officer.

More People On The Move

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...


The three primary drivers for cyber regulations are voter privacy, the economy, and national security – with the complication that the first is often...