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Cybersecurity Company BigID Raises Additional $50 Million

BigID develops a data protection service that uses machine learning algorithms to track and guard enterprise customer and employee data

Hagar Ravet 16:0006.01.20
New York-based cybersecurity company BigID Inc. has received a $50 million investment from Tiger Global, the former announced Monday. The investment comes just months after BigID announced the completion of a $50 million series C funding round in September.

 

The new round brings the company’s total funding raised to date to $146 million.

 

Founded in 2015, BigID develops a data protection service that uses machine learning algorithms to track and guard enterprise customer and employee data. The company’s product is designed to help organizations address new data protection, privacy, and governance requirements such as the European Union’s General Data Protection Regulation (GDPR), which came into effect in 2018. BigID employs 150 in offices in Tel Aviv, New York, and Europe.

BigID CEO Dimitri Sirota. Photo: PR BigID CEO Dimitri Sirota. Photo: PR