BigID Inc.
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BigID Inc. - overview
Established
2016
Location
New York, NY, US
Primary Industry
Software
About
BigID Inc. is a US-based company specializing in data security solutions, offering an enterprise-grade platform that ensures compliance and protects sensitive information for organizations across various industries. Founded in 2016 in New York, US, BigID Inc. develops advanced data security solutions aimed at helping organizations manage sensitive data.
The company has raised a total of USD 61. 44 mn through multiple funding rounds, with the latest being a GROWTH round that took place on February 8, 2024, led by Riverwood Capital and accompanied by Advent International and Silver Lake. Dimitri Sirota serves as the founder and CEO, bringing extensive experience in the tech industry to the company. BigID offers a comprehensive enterprise-grade Data Security Platform (DSP) that integrates functionalities like Data Security Posture Management (DSPM), Risk Remediation, Data Loss Prevention (DLP), Access Governance, Privacy Management, Data Labeling, Deletion, and overall Data Protection.
Its patented AI-driven classification technology enables classification, categorization, and contextualization of data across cloud, SaaS, on-premises, and development environments, supporting over 100 languages. The platform targets enterprises across North America, Europe, and Asia-Pacific, serving various sectors, including finance, healthcare, and technology. BigID generates its revenue primarily through a subscription-based model, allowing clients to access its services on a recurring basis. This model supports tailored usage for services like Data Discovery, Classification, and Risk Remediation.
The company engages in B2B contracts structured around annual subscriptions with clients ranging from mid-sized firms to large corporations. Revenue is derived from flagship AI-powered data classification and governance tools designed to simplify compliance and minimize data-related risks. In February 2024, BigID Inc. raised USD 61.
44 million in GROWTH funding to support its expansion plans. The company aims to enhance its product offerings and enter new markets, focusing on expanding its presence in Europe and Asia-Pacific by the end of 2025. The funding will be utilized to boost growth initiatives, including the development of new features within its data security platform.
Current Investors
Boldstart Ventures, Deep Fork Capital, Genacast Ventures
Primary Industry
Software
Sub Industries
IT Security/Cybersecurity, Analytics & Performance Software, Monitoring & Security Software, Storage Management Software, Systems Management Software
Website
www.bigid.com
Verticals
Big Data, Cloud Computing
Company Stage
Series E
Total Amount Raised
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