Connect with us

Hi, what are you looking for?



Data Protection Firm BigID Raises $30 Million

BigID, a company that specializes in helping organizations protect customer data and comply with privacy regulations, on Monday announced that it raised $30 million in a Series B funding round.

BigID, a company that specializes in helping organizations protect customer data and comply with privacy regulations, on Monday announced that it raised $30 million in a Series B funding round.

The funding round was led by Scale Venture Partners, which is a new investor in the company, with participation from previous investors ClearSky Security, Comcast Ventures, BOLDstart Ventures, Information Venture Partners, and the SAP.iO Fund. The funding will be used to “scale go-to-market and accelerate product introductions.”

BigID raised $14 million in a series A funding round in January and the latest round brings the total secured by the company to date to over $46 million.

The company is based in New York, but its engineering headquarters are in Israel. It also has a European office in London.

The BigID platform uses identity intelligence and machine learning to help enterprises identify, protect and manage personal data. The firm claims its product reduces the risk of breaches and enables compliance with data protection laws such as the EU’s recently introduced General Data Protection Regulation (GDPR).

“Our latest annual survey of C-level executives found that data privacy and lack of privacy controls are an increasingly pressing concern,” said Ariel Tseitlin, partner at Scale Venture Partners and a new member of BigID’s board of directors.

“With the advent of the GDPR, more companies are shifting from manual and survey-based compliance to data-centric automation and operationalization. BigID’s advanced privacy automation technology provides enterprises a first-of-its-kind ability to address critical privacy requirements like right to be forgotten and data usage record keeping at petabyte scale, across any data, on-premises or in the cloud,” Tseitlin added.

Advertisement. Scroll to continue reading.

Related: ALTR Emerges From Stealth With Blockchain-Based Data Security Solution

Related: SafeBreach Raises $15 Million in Series B Funding

Related: UK Email Threat Firm Tessian Secures $13 Million Series A Funding

Written By

Eduard Kovacs (@EduardKovacs) is a contributing 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.

Click to comment

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.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


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.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.


Thirty-five cybersecurity-related M&A deals were announced in February 2023