The New York City-based, BigID, a privacy and protection technology company, has raised $70 million in Series D funding. Salesforce Ventures and Tiger Global lead the investing this cycle. Longstanding supporters of BigID, Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures put forth additional funding.
Series A funding in January 2018 yielded $14 million and a second round just six months later brought in an additional $30 million. By the Series C funding in September 2019, the company raised $50 million. Dimitri Sirota, CEO and co-founder of BigID, says that the tech company employs 235 people and plans to reach 300 by the end of 2022. The focus for 2021 is sales and marketing efforts.
“It’s a tremendous vote of confidence to have Salesforce Ventures and Tiger Global join Bessemer Venture Partners, Scale, Boldstart Ventures, and Glynn in preempting our series D with this latest investment. It’s a testament to our traction, team and vision that we can continue to attract the capital to fuel our data innovation for privacy, protection and perspective.”Dimitri Sirota, CEO and co-founder of BigID