What is BigID?
Founded in 2016 and headquartered in New York City, BigID specializes in leveraging advanced machine learning and identity intelligence to enable enterprises to manage and protect their customer and employee data at petabyte scale. The company's solutions are designed to help organizations comply with stringent data privacy regulations such as the CCPA and GDPR, while also providing comprehensive coverage for all data across diverse data stores. BigID's technology is crucial for businesses aiming to enhance data governance, mitigate risks associated with data breaches, and unlock the value of their data responsibly.
How much funding has BigID raised?
BigID has raised a total of $352.2M across 7 funding rounds:
Private Equity
$2.1M
Series A
$14.1M
Series B
$30M
Series C
$50M
Other Financing Round
$96M
Series D
$100M
Private Equity
$60M
Private Equity (2016): $2.1M, investors not publicly disclosed
Series A (2018): $14.1M led by SAP.iO Fund, BoldStart Ventures, Comcast Ventures, and ClearSky Power and Technology Fund
Series B (2018): $30M supported by Boldstart Ventures, ClearSky Security, SAP.iO Fund, Scale Venture Partners, Information Venture Partners, and Comcast Ventures
Series C (2019): $50M featuring BA Venture Partners, ClearSky, Comcast Ventures, Boldstart Ventures, Bessemer Venture Partners, and SAP.io Fund
Other Financing Round (2019): $96M backed by BA Venture Partners, ClearSky, Comcast Ventures, Salesforce Ventures, Boldstart Ventures, and Bessemer Venture Partners , SAP.io Fund
Series D (2020): $100M with participation from Tiger Global, BA Venture Partners, Boldstart Ventures, Salesforce, Glynn Capital, Bessemer Venture Partners, and Advent International
Private Equity (2024): $60M led by ADVENT and Riverwood Capital
Key Investors in BigID
ADVENT
ADVENT is a medical practitioner that provides services to improve breathing and sleeping. They are based in Wauwatosa, Wisconsin.
Riverwood Capital
Founded in 2007, Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation. They are headquartered in Menlo Park, California.
Comcast Ventures
Comcast Ventures, founded in 1999, is the venture capital affiliate of Comcast Corporation. Based in North America with offices in San Francisco, New York, Philadelphia, and Los Angeles, the firm focuses on investing in consumer, enterprise, and frontier technology companies. With a 20-year track record in the venture capital industry, Comcast Ventures has built a diverse portfolio of more than 130 companies across various sectors. The firm provides capital and strategic support to both B2B and B2C businesses, particularly those in technology, finance, and operations sectors. Comcast Ventures maintains a position among the top 10 most active corporate venture capital firms in the market.
What's next for BigID?
With its latest major strategic investment, BigID is poised to accelerate its product development and market expansion. The substantial enterprise-level funding suggests a strategic focus on scaling operations, enhancing its AI-driven data intelligence capabilities, and potentially exploring new market verticals. This capital infusion will likely enable BigID to further solidify its position as a leader in the data privacy and security landscape, addressing the ever-increasing demand for robust data protection solutions in a complex regulatory environment. The company's continued growth trajectory indicates a strong potential for future innovation and market penetration.
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