BigID Raises $70M in Series E
BigID has successfully raised $70M in a Series E at a $1.25B valuation led by Tiger Global, Advent International.
Company Overview
BigID is a Cybersecurity company headquartered in New York, NY, founded in 2016 with 400+ employees.
Data privacy and protection platform
Fundraising Details
- Amount Raised: $70M
- Round Type: Series E
- Valuation: $1.25B
- Date: 2021-09-14
- Investors: Tiger Global, Advent International
About BigID
Data privacy and protection platform The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2016
- Team Size: 400+
- Industry: Cybersecurity
What This Means
This funding round demonstrates strong investor confidence in BigID's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. BigID's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.25B valuation marks an important milestone for BigID, positioning the company among notable players in the Cybersecurity industry.
Looking Ahead
With this new capital, BigID is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-09-14. For more information about BigID, visit their headquarters at New York, NY.
