BigID, a NYC-based AI-augmented data security company, raised $60M in Growth funding.
The round, which brought total capital raised to $320M at over $1B valuation, was led by Riverwood Capital with participation from Silver Lake Waterman and Advent.
The company intends to use the funds to accelerate both organic and inorganic expansion in AI data security and compliance.
Led by CEO Dimitri Sirota, BigID empowers organizations to know their enterprise data and take action for data-centric security, privacy, compliance, AI innovation, and governance for the public and private cloud. Customers deploy BigID to proactively discover, manage, protect, and get more value from their regulated, sensitive, and personal data across their data landscape.
The company recently introduced new data hygiene capabilities for the generative AI data pipeline from discovery through staging and enrichment, as well as new controls for detecting and tracking model access to sensitive data.
Commenting on the news, Dimitri Sirota said: “With corporate attention now turning to enabling responsible and trusted AI, BigID is uniquely-positioned to help companies address the novel challenges of unstructured training data, including quality, bias, privacy, access, sovereignty and more. This funding gives BigID additional capital to accelerate and scale organic and inorganic growth.”
FinSMEs
18/03/2024