BigID’s quick $1 billion-plus valuation shows rise of data intelligence and privacy - VentureBeat | The Marteq Alert | Scoop.it
BigID, whose platform helps companies find and secure data, yesterday announced a $70 million round it said values the company at $1 billion just five years after launch. BigID said it will use the funds to expand its market reach.

The company announced that its data discovery and privacy platform can now be integrated with software-as-a-service (SaaS) applications from ServiceNow. It will also be adding support for Google Cloud Platform (GCP), alongside existing support for Amazon Web Services (AWS) and Microsoft Azure, BigID CEO Dimitri Sirota told VentureBeat.

BigID was initially focused on enabling companies to comply with stringent new data regulations, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the U.S. Earlier this year, BigID pivoted to add additional data analytics capabilities companies need to surface more intelligence about data residing in multiple repositories. BigID is now looking to extend those capabilities to a broader set of mid-market customers, Sirota said.