New York – January 6, 2021 – Cooley advised BigID, a global data intelligence company, on its $70 million Series D financing. Cooley partner Adam Dinow led the team advising BigID on the round, which raises the company’s valuation to $1 billion.
The round, composed of primary and secondary shares, was co-led by Salesforce Ventures and Tiger Global and included Glynn Capital, with participation from existing investors Bessemer Venture Partners, Scale Venture Partners and Boldstart Ventures. This new funding will help accelerate BigID’s investment in data intelligence for privacy, protection and perspective, further expand sales and marketing and deliver new applications for actioning data in data privacy, security and governance.
“It's a testament to our traction, team and vision that we can continue to attract the capital to fuel our data innovation for privacy, protection and perspective,” Dimitri Sirota, CEO and co-founder of BigID, said in a statement.
BigID’s data intelligence platform enables organizations to know their enterprise data and take action for privacy, protection and perspective. Customers deploy BigID to proactively discover, manage, protect and get more value from their regulated, sensitive and personal data across their data landscape. The company has raised nearly $165 million in just over two years and has been widely recognized for its data intelligence innovation.
Cooley has advised BigID on funding since its Series A round in 2018.
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