Data security unicorn BigID cuts 20% of workforce in shift to AI-first strategy
Company says restructuring supports transition to AI-centric development model.
Unicorn BigID is laying off about 20% of its workforce, including several dozen employees at its development center in Tel Aviv. The company says the restructuring reflects a shift toward a more advanced “AI-first” operating model.
BigID develops solutions for data security and compliance for the public and private cloud. It has developed an AI-based platform that enables large organizations to map, manage, and secure sensitive and private data, while complying with strict privacy regulations.
The company was founded in 2016 by Dimitri Sirota and Nimrod Vax and operates under a dual-headquarters model, with its main development center in Tel Aviv and its management base in New York. BigID has raised more than $310 million since its inception. In March 2024, it completed a Series E round led by Riverwood Capital, with participation from Silver Lake Waterman and Advent International, valuing the company at approximately $1 billion. At its peak, following its Series D extension, the company was valued at about $1.25 billion. It currently employs around 600 people worldwide.
Nimrod Vax, one of the company’s founders, told Calcalist: “We continue to operate in 25 countries. The data and AI market is stronger than ever, and we have a category-leading product. As part of this transition, we are adapting our workforce and accelerating our shift toward an AI-first approach in both software development and operations. Artificial intelligence is the most significant technological change of our careers, transforming not only what companies build but also how they work. We are fully embracing this shift. The employees who are leaving have made significant contributions to our growth, business, and culture over the years, and we are committed to supporting them through the transition.”
