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BigID rakes in $50mn via a recent funding round

BigIDBigID, a data discovery, intelligence, and automation platform, has raised $50 million in new funding from Tiger Global less than four months after previously raising a $50 million Series C.

The company will use the new capital to deliver new products in the privacy and protection of personal data along with the expansion of go-to-market strategies across the globe, according to a statement.

BigID has reportedly raised $144 million in less than two years. It is a privacy-centric data discovery and intelligence platform that helps enterprises automate privacy compliance activities like data access rights, data sharing management, and consent governance.

With the California Consumer Privacy Act becoming law in 2020 and new state and global regulations set to follow, BigID is equipping itself to help enterprises better know and protect their data.

“Before BigID, data privacy was largely about policy and process. BigID put data at the center, redefining how enterprises find, manage and protect their most important asset: their customer and employee data,” Dimitri Sirota, CEO and co-founder of BigID commented.

Based in New York and Tel Aviv, BigID uses advanced machine learning and identity intelligence to help enterprises better protect their customer and employee data at the petabyte scale. Using the platform, enterprises can safeguard and assure the privacy of their most sensitive data, reducing breach risk and enabling compliance with emerging data protection regulations.

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