BigID kicks off 2020 with $50M to help companies secure customer data and satisfy privacy regulations

New York-based identity management startup BigID kicks off 2020 with $50 of new funding to further accelerate global sales, channel and product expansion. The round, which was led by Tiger Global, was secured less than four months after previously raising a $50M Series C. The new capital will be used to deliver new products in privacy and protection of personal data along with expansion of go-to-market strategies across the globe.

Founded in 2016 by Dimitri Sirota and Nimrod Vax. The startup consists of a team security industry veterans spanning the identity, data security, big data and governance markets. BigID develops a software that helps companies have a secure customer data and satisfy privacy regulations. Organizations are facing record breaches of personal information and proliferating global privacy regulations with fines reaching 4% of annual revenue. Today enterprises lack dedicated purpose built technology to help them track and govern their customer data.

BigID aims to give enterprises the software to safeguard and steward the customer data, by bringing data science to data privacy. The startup has offices in the US and Israel. In 2018, BigID was one of the second batch of ten startups selected by Fintech Europe Plug and Play, the world’s largest innovation platform.

With $144 million raised in less than two years, BigID has established itself as a leader in privacy-centric data discovery and intelligence to help enterprises automate privacy compliance activities like data access rights, data sharing management, and consent governance. With the California Consumer Privacy Act becoming law in 2020 and new state and global regulations set to follow, BigID is poised to build on this leadership to help enterprises better know and better protect their most important data crown jewels.

“Since starting in 2016, BigID has aimed to rethink how organizations provide data accountability to their customers through more intelligent data accounting,” explained Dimitri Sirota, CEO and co-founder of BigID. “Before BigID, data privacy was largely about policy and process. BigID put data at the center, redefining how enterprises find, manage and protect their most important asset: their customer and employee data. The new funding reflects the success BigID has achieved with customers and partners in a few short years and positions the company to maintain its innovation leadership for years to come.”