BigID hits unicorn status after the close of latest funding round

Data discovery and data intelligence platform BigID has surpassed the $1bn valuation mark after the close of a $70m funding round.

The capital injection was led by Salesforce and Tiger Global, with contributions also coming from Glynn Capital, Bessemer Venture Partners, Scale Venture Partners and Boldstart Ventures.

BigID has a number of plans for 2021, but the RegTech is mainly looking to continue its innovation efforts to offer clients more value.

The RegTech company offers a data intelligence platform which helps organizations get detailed insight into what or whose data they collect and process. Clients of BigID can find, classify, inventory and map their sensitive data and automate critical data privacy, protection, and governance tasks such as data rights and sharing.

Prior to this round, BigID raised $50m in its Series C round last year. Contributions came from Bessemer Venture Partners, Fund, Comcast Ventures, Boldstart Ventures, Scale Venture Partners and ClearSky. Salesforce Ventures.

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