Mar 21, 12:19 PM

BigID Raises $60M, Valued Over $1B With AI Data Security Innovations

Enterprise data security startup BigID has successfully raised $60 million in a funding round led by Riverwood Capital, achieving a valuation of over $1 billion. This latest round brings BigID's total funding to $320 million. The company is reportedly nearing $100 million in annual recurring revenue (ARR), a significant milestone for the firm. BigID's focus on data security and compliance, enhanced by artificial intelligence for data hygiene, positions it as a leader in the rapidly evolving data security market, now with AI tailwinds as a new product.

#BigID #Riverwood Capital

Written with ChatGPT (GPT-4).