AI Security Market Fuels a $60M Growth Round for Unicorn BigID to Accelerate AI Data Security Innovation and Power Acquisitions
NEW YORK, March 18, 2024 /PRNewswire/ -- BigID, the pioneer in AI-augmented data security, compliance and privacy for modern cloud-first enterprises, today announced that it closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent.
- Before BigID was launched into the market in 2018, data security products were purpose-built for specific data types.
- The company has since pioneered the concept of universal data security, compliance and privacy across any data type - including structured, unstructured and semi-structured - across environments in the public cloud, SaaS, and on-premise data center.
- Given BigID's extensible platform, it has helped drive customer ROI as enterprises build out their modern data infrastructure.
- With this latest funding, BigID aims to accelerate both organic and inorganic expansion in AI data security and compliance.