Companies
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BigID
Cybersecurity
BigID is a New York-based data security and privacy company that helps enterprises discover, classify, and manage sensitive data across their systems to support compliance and security programs.
$491M
+$1.39
334.50%
30 days ago
$0.42
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BigID was founded in 2016 by Dimitri Sirota and Nimrod Vax, entering the market shortly before the European Union's General Data Protection Regulation (GDPR) took effect in 2018, a regulation that, along with subsequent privacy laws like the California Consumer Privacy Act, required companies to know precisely what personal data they held about individuals, where it was stored, and how it was being used, a surprisingly difficult problem for large organizations whose data is often scattered across many different databases, file systems, cloud storage services, and applications accumulated over years without centralized tracking. BigID's platform uses machine learning-based data discovery and classification to scan an organization's data across these disparate systems and automatically identify sensitive data, such as personal information, financial data, or health records, mapping where it lives and how it flows between systems. This foundational data intelligence capability has let BigID expand its product well beyond its original privacy compliance use case into broader data security, data governance, and increasingly AI governance applications, since many of the same questions relevant to privacy compliance, such as knowing exactly what sensitive data exists and where, are equally central to data security programs trying to protect that data from breaches, and to AI governance programs trying to ensure sensitive data isn't inappropriately used to train or ground AI models. The company has positioned itself as foundational data intelligence infrastructure sitting underneath multiple different enterprise functions, including privacy, security, governance, and AI risk teams, rather than serving only one narrow use case. BigID's customers span large enterprises across regulated industries including financial services, healthcare, and retail, where data privacy and security compliance carry particular regulatory weight. The company has raised very substantial venture funding from investors including Tiger Global, Advent International, and Sorenson Ventures, reaching a valuation exceeding $2 billion.
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