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    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      Data Privacy Startup BigID Raises Another US$50m To Launch New Products

      USTechTimes Editor by USTechTimes Editor
      January 8, 2020
      BigID

      Photo from BigID's Facebook page.

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      New York and Tel Aviv-based data privacy provider BigID has raised another US$50 million in its extended Series C funding round, barely four months after it raised the same amount from investors that see the potential of the sector.

      In a statement, BigID said the latest funding round was led by investment firm Tiger Global Management. The company said it has raised US$144 million in less than two years.

      Investors’ interest in BigID and other data privacy providers comes as global regulations are expected to follow the approval into law of the California Consumer Privacy Act this year.

      The new capital will be used by the startup to deliver new products in privacy and protection of personal data along with the expansion of go-to-market strategies across the globe.

      “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,” said Dimitri Sirota, CEO and co-founder of BigID. 

      Founded in 2016, BigID uses advanced machine learning and identity intelligence to help enterprises better protect their customer and employee data at petabyte scale.

      The startup said enterprises using its technology can “better safeguard and assure the privacy of their most sensitive data”, reducing breach risk and enabling compliance with emerging data protection regulations.

      Even as it is a startup, BigID has already reached impressive milestones in the past two years. These included being the first to introduce data access request fulfillment technology into the privacy market for automating CCPA and GDPR data rights as well as sales growth of 4 times over 2018. 

      The company has also expanded its global sales reach to now include Europe, Latin America, and Asia.

      “The new funding reflects the success BigID has achieved with customers and partners in a few short years and positions the company to maintain its innovation leadership for years to come,” Sirota said.

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      Tags: BigIDData PrivacyTiger Global Management
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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