Growth Funds for Data Security Specialist BigID

Customer data security specialist BigID has closed a $14m Series A funding round, which it will use to grow its engineering team in Israel and expand sales and marketing initiatives globally.

BigID has offices in New York and Tel Aviv, and uses advanced machine learning and identity intelligence to help organizations better protect petabytes of customer and employee data. Enterprise users can safeguard and assure the privacy of their data, reducing breach risk and enabling compliance with emerging data protection regulations such as the EU's GDPR.

New investors in the Series A round include ClearSky Security, Comcast Ventures and the SAP.iO Fund, among others; and previous investors, including BOLDstart Ventures, also participated. The latest funds bring the total to date to $16.1m.

CEO Dimitri Sirota (pictured) comments: 'Customers are the lifeblood of any business and unless an organization can properly safeguard the security and privacy of their customer data they will not survive in the digital economy. BigID gives companies a first-of-its-kind way to find, secure and govern their identity data across the data center and cloud. After all, you can't know your customer unless you first know their data'.

Web site: www.bigid.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.