Enterprise Data Protection Startup Adds $30 Million in Series B

BigID Inc., a provider of enterprise data protection and privacy, raised $30 million in Series B funding, less than five months after completing its $14 million Series A round. Led by new investor Scale Venture Partners, with participation from previous investors ClearSky Security, Comcast Ventures, BOLDstart Ventures, Information Venture Partners, and the SAP.iO Fund, the oversubscribed round brings BigID’s total funding to date to $46.1 million.

Based in the US with engineering headquarters in Tel Aviv, Israel, and a European office in London, BigID was founded by veterans of the identity, data protection and big data markets. Its platform uses machine learning and identity intelligence to help organizations replace inaccurate survey and spreadsheet-based privacy compliance with data-centric enterprise privacy management. By enabling global companies to find, protect and govern personal data at scale, BigID technology strives to help them meet emerging privacy and data protection regulations like the EU’s General Data Protection Regulation.

BigID plans tol use the funding to scale go-to-market and accelerate product introductions.