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        AI-powered data security and privacy firm BigID has raised USD 60 million in a growth funding round led by Riverwood Capital, with participation from Silver Lake Waterman and Advent. BigID's total funding raised now stands at ~USD 308 million.
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        The company plans to use the fresh funds to accelerate organic and inorganic growth.
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        BigID also reported annual recurring revenues (ARR) approaching USD 100 million.
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  <p>
    <a href="https://www.prnewswire.com/news-releases/ai-security-market-fuels-a-60m-growth-round-for-unicorn-bigid-to-accelerate-ai-data-security-innovation-and-power-acquisitions-302091045.html">
      Press release
    </a>
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  <p>
    <a href="https://www.finsmes.com/2024/03/bigid-raises-60m-in-growth-funding.html">
      FinSMEs
    </a>
  </p>
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Digital Privacy Tools

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 <p>BigID, a data security firm powered by artificial intelligence, has successfully raised USD 60 million in a funding round. The round was led by Riverwood Capital and also saw participation from Silver Lake Waterman and Advent. The total funding that BigID has now raised is nearly USD 308 million.</p>
 <p>The newly-acquired funds will be used by the company to speed up its organic and inorganic growth.</p>
 <p>BigID has also reported an annual recurring revenue (ARR) that is close to USD 100 million.</p>
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BigID raises USD 60 million to accelerate growth

PROMINENT_CATEGORY

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 <p>BigID, a company specialising in corporate data protection and privacy, has released a variety of access governance features. These features aim to enhance an enterprise's security position, reduce insider risks, facilitate zero trust, and improve AI compliance and governance.</p>
 <p>These solutions concentrate on overexposed data and overly privileged users. It empowers clients to monitor, control, and cancel access to sensitive information across their cloud-based and local infrastructure.</p>
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BigID announces enhanced access governance features

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 <p>BigID has secured a patent for utilizing Artificial Intelligence (AI) to scout personally identifiable information (PII) across various data and cloud services, a pioneering feat in the industry. Its patented software is integrated throughout BigID’s range and alleges that more than 100 Fortune 500 companies are employing its AI technology.</p>
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BigID receives patent for private data classification and correlation AI

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 <ul>
  <li><p>BigID, the data protection company, has launched a new tool that generates remediation instructions for data security.</p></li>
  <li><p>The tool is powered by an AI engine that provides real-time intelligence into risks affecting sensitive data.</p></li>
  <li><p>It prioritizes the most immediate data security and privacy issues and identifies the most optimal course of action to mitigate the threat or resolve the vulnerability.</p></li>
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All Updates

BigID raises USD 60 million to accelerate growth

BigID announces enhanced access governance features

BigID receives patent for private data classification and correlation AI

BigID reveals intelligent recommendations for data security

BigID announces generative AI solution for data discovery

BigID launches cleanup solution leveraging machine learning to find duplicate data

BigID releases automated data privacy suite for CPRA compliance

BigID introduces native data deletion capabilities to reduce data management risks