BigID announces $50M Series C investment as privacy takes center stage

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It turns out GDPR(https://techcrunch.com/2018/01/20/wtf-is-gdpr/) was just the tip of the privacy iceberg. With California’s privacy law(https://techcrunch.com/2018/06/28/landmark-california-privacy-bill-heads-to-governors-desk/) coming on line January 1st and dozens more in various stages of development, it’s clear that governments are taking privacy seriously, which means companies have to as well. New York-startup BigID(http://bigid.com/), which has been developing a privacy platform for the last several years, finds itself in a good position to help. Today, the company announced a $50 million Series C.

The round was led by Bessemer Venture Partners (https://crunchbase.com/organization/bessemer-venture-partners) with help from SAP.io Fund, Comcast Ventures, Boldstart Ventures, Scale Venture Partners and ClearSky. New investor Salesforce Ventures also participated. Today’s investment brings the total raised to over $96 million, according to Crunchbase.

In addition to the funding, the company is also announcing the formation of a platform of sorts, which will offer a set of privacy services for customers. It includes data discovery, classification and correlation. “We’ve separated the product into some constituent parts. While it’s still sold as a broad-based solution, it’s much more of a platform now in the sense that there’s a core set of capabilities that we heard over and over that customers want,” CEO and co-founder Dimitri Sirota told

<https://contacted.org/2019/09/bigid-announces-50m-series-c-investment-as-privacy-takes-center-stage/>;