BigID, a company specializing in AI-augmented cybersecurity solutions, has closed a $60 million growth round led by Riverwood Capital. This funding brings BigID’s total capital raised to $320 million with valuation of over $1 billion.
BigID has experienced significant growth in the past five years, having achieved nearly $100 million in recurring revenue since its launch. The company’s platform helps organizations address data security, compliance, privacy and governance needs across their data landscape. BigID also aims to help companies manage the challenges of unstructured data used for training AI models, such as quality, bias, privacy and access.
The funding enables BigID to accelerate expansion in the AI data security and compliance sector, both organically and through acquisitions.
