Salesforce Ventures and Tiger Global co-lead Series D round
NEW YORK–(BUSINESS WIRE)–BigID, a leader in data discovery and intelligence for privacy, protection and perspective, today announced a $70M million series D financing, bringing the valuation to over $1 Billion. The new investment is the third in a little over a year and follows BigID being named to the 2020 Forbes Cloud 100. The transaction comprised both primary and secondary shares.
The latest investment was led by Salesforce Ventures and Tiger Global and joined by Glynn Capital, with participation from existing investors Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures. This round will help accelerate BigID’s investment in data intelligence for privacy, protection and perspective, further expand sales and marketing, and deliver new applications for actioning data in data privacy, security and governance. As the leader in data intelligence, BigID continues to revolutionize how organizations find their high value, high-risk Crown Jewel data and then action it for compliance, security and value creation.
“Data powers the modern enterprise and has become indispensable for customer innovation and value creation. At the same time, it has also come under greater scrutiny given the sensitivity and increase in global privacy regulators,” said Matthew Garratt, Managing Partner, Salesforce Ventures. “BigID has pioneered the ability for organizations to find and know their data in a way that helps them take action and automate critical privacy, security and data governance activities across a modern multi-cloud environment. We are excited to extend our investment in BigID.”
“It’s a tremendous vote of confidence to have Salesforce Ventures and Tiger Global join Bessemer Venture Partners, Scale, Boldstart Ventures, and Glynn in preempting our series D with this latest investment,” said Dimitri Sirota, CEO and co-founder of BigID. “It’s a testament to our traction, team and vision that we can continue to attract the capital to fuel our data innovation for privacy, protection and perspective.”
BigID’s data intelligence platform enables organizations to know their enterprise data and take action for privacy, protection, and perspective. 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 been recognized for its data intelligence innovation as a 2019 World Economic Forum Technology Pioneer, named to the 2020 Forbes Cloud 100, a Business Insider 2020 AI Startup to Watch, and an RSA Innovation Sandbox winner. Find out more at http://bigid.com.
About Salesforce Ventures:
Salesforce is the global leader in Customer Relationship Management (CRM), bringing companies closer to their customers in the digital age. Salesforce Ventures, the global investment arm of Salesforce, invests in the next generation of enterprise technology that extends the power of the Salesforce Platform. Salesforce Ventures is building the world’s largest ecosystem of enterprise cloud companies and extending that technology to customers. Portfolio companies receive funding, strategic advisory, and operating support, and can easily join Pledge 1% to make giving back part of their business model. Salesforce Ventures has invested in more than 400 companies, including Snowflake, DocuSign, GoCardless, Guild Education, nCino, Twilio, Zoom, and others across 22 countries since 2009. For more information, please visit www.salesforce.com/ventures.