Press Release

BigID Closes $60 Million Growth Round

New funding brings the company’s valuation to more than $1 billion
March 25, 2024

New York – March 18, 2024 – Cooley advised BigID, a pioneer in artificial intelligence-augmented data security, compliance and privacy for modern cloud-first enterprises, on the close of its $60 million growth round, bringing its valuation to more than $1 billion. Lawyers Adam Dinow, Scott Rudin, Jayne Munger and Jordan Verrilli led the Cooley team advising BigID.

The financing round was led by Riverwood Capital, with participation by Silver Lake Waterman and Advent International. With this latest funding, BigID aims to accelerate organic and inorganic expansion in AI data security and compliance.

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