Data privacy startup BigID has raised $50 million for its Series D, just a few months after raising its $50 million Series C, the company announced Monday.
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BigID makes software that helps companies keep customer data secure and meet privacy regulations, according to Crunchbase. The new round of funding, which came from Tiger Global Management, brings the company’s total funding to about $144 million.
BigID, which is based in New York, has been raising money at a quick pace since it was founded in 2016. The company raised its $14 million Series A in January 2018, its $30 million Series B in June 2018, and its $50 million Series C in September 2019. Its investors include ClearSky and Scale Venture Partners.
The company focuses on an area that’s only getting more attention from the public and regulators. Data security and privacy are at the center of new laws like GDPR in Europe and CCPA in California.
BigID CEO Dimitri Sirota told TechCrunch that the company wasn’t looking to raise money for either its Series C or D (he said BigID still has money left over from its Series B). But with the new cash, the company will expand into other areas of security.
BigID, which has employees in Europe and Asia, will also expand internationally this year as it grows from its 165-person headcount to the mid-200s, according to TechCrunch.
Illustration Credit: Li-Anne Dias