Inc. BigID , a leader in enterprise data protection and privacy, today announced that it has raised $30 million in Series B funding less than five months after the completion of its $14 million Series A round. Led by new investor Scale Venture Partners with the participation of previous investors ClearSky Security, Comcast Ventures, BOLDstart Ventures, Information Venture Partners and SAP iO Fund, the oversubscribed round, brings BigID’s total funding to $46 to date. 1 million dollars BigID will use financing on a go-to-market scale and accelerate product launches as its platform emerges as a standard for data-driven enterprise privacy and personal data protection.
BigID also announced that Ariel Tseitlin, a partner at Scale Venture Partners, will join the board of directors of the company. The investment follows BigID’s establishment as a clear leader in data-driven privacy automation after being named “Most Innovative Startup” at the 2018 RSA Innovation Sandbox contest and CB Insights 2018 Cyber Defender transforming cybersecurity BigID was recognized as a Gartner Cool Vendor in Privacy Management in 2018.
Based on the U Oh, S BigID, headquartered in Tel Aviv, Israel and headquartered in London, was founded by veterans of identity, data protection and big data markets. The BigID platform leverages machine learning and identity intelligence to transform how businesses find, protect and manage personal data on a scale BigID technology helps organizations replace imprecise surveys and spreadsheet-based privacy compliance with data-centric enterprise privacy management to help global companies meet emerging privacy and data protection regulations such as the EU General Data Protection Regulation (GDPR)
“Our latest annual survey of C-level executives found that data privacy and lack of privacy controls are a growing concern,” said Ariel Tseitlin. “With the advent of the GDPR, more companies are shifting from manual and survey-based compliance to data-centric automation and operationalisation. BigID’s advanced privacy automation technology gives businesses the first-of-its-kind ability to address critical privacy requirements such as the right to be forgotten and the data usage record kept on a petabyte scale, across any data, on-site or in the cloud. “That’s right.
According to Gartner1, “Awareness of privacy risk and the need to comply with enhanced regulatory requirements around the world has led technology and service providers (TSPs) to develop new solutions and integration options for different capabilities” “That’s right.
“Privacy has become a defining social and corporate issue in the 21st century, but it’s hard to ensure – even for the most sophisticated companies,” said Dimitri Sirota, CEO of BigID. “To date, privacy management has been based on policies and processes; not on product management. Our Series B round validates our unique approach to privacy management that takes into account not only what data companies are collecting and processing, but, most importantly, the data they are processing. We look forward to using the proven track record of Scale Venture Partners to help us grow rapidly as companies race to comply with a myriad of regulations that are now affecting organizations around the world. “That’s right.
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BigID Inc About
Headquartered in New York and Tel Aviv with a European office in London, BigID uses advanced machine learning and identity intelligence to help businesses better protect their customer and employee data on a petabyte scale. Using BigID, companies can better protect and protect the privacy of their most sensitive data, reduce the risk of infringement and allow for compliance with emerging data protection regulations such as the EU General Data Protection Regulation. Learn more about http://bigid Come or visit http://bigid Com/demo to set up a demo
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