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BigID Revenue, Valuation, Funding & Investors
BigID is valued at $1B as of March 2024, a 10.0x multiple on its last reported $100M revenue.
Last BigID valuation
$1B
Series E · Mar 2024
Last BigID funding round
$60M
Series E · Mar 2024
BigID revenue
$100M
Series E · Mar 2024
Key investors in BigID
boldstart ventures
Comcast Ventures
Scale Venture Partners
ClearSky
SAP.iO
Tiger Global
About BigID
BigID is a New York-headquartered data intelligence platform that employs machine learning for data discovery, classification, and privacy management. The software supports compliance with GDPR and CCPA across petabyte-scale environments, safeguarding customer and employee data in cloud, on-premises, and hybrid infrastructures for enterprises worldwide.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Mar 2024)
Valuation
$1B (Mar 2024)
BigID Valuation
BigID is currently valued at $1B, based on its Series E in March 2024.
The $60M round was led by Riverwood Capital, with participation from Silver Lake Waterman and Advent International.
BigID's valuation has grown 2.9x from $350M at its Series C in September 2019 to $1B in March 2024, across 4 priced rounds.
BigID valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2024 | Series E | $1B | 10.0x |
| Apr 2021 | Series D | $1.3B | 12.5x |
| Dec 2020 | Series D | $1B | 10.0x |
| Sep 2019 | Series C | $350M | - |
BigID Revenue
BigID's latest recorded revenue is $100M, as of its Series E in March 2024. At a $1B valuation, that implies a 10.0x revenue multiple.
Revenue moved from $100M in December 2020 to $100M in March 2024, while the revenue multiple moved from 10.0x to 10.0x.
BigID revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2024 | $100M | $1B | 10.0x | Series E |
| Apr 2021 | $100M | $1.3B | 12.5x | Series D |
| Dec 2020 | $100M | $1B | 10.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
BigID Funding History
BigID has raised a total of $306M across 8 funding rounds.
BigID's first fundraising round was a $2M seed round in March 2016. The most recent completed round was a $60M Series E in March 2024.
BigID funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series E | Riverwood Capital (lead); Silver Lake Waterman; Advent International | $60M | $1B | BigID is a New York-based company providing AI-augmented data security, compliance, privacy, and governance solutions for modern cloud-first enterprises, helping organizations manage data discovery, classification, security posture, zero trust, cloud data loss prevention, and challenges with unstructured data for AI models including quality, bias, privacy, and access. On March 18, 2024, BigID closed a $60 million growth funding round led by Riverwood Capital, with participation from Silver Lake Waterman and Advent International, bringing total capital raised to $320 million at a valuation exceeding $1 billion. This marks a unicorn status continuation from its 2020 Series D at $1.25 billion, with the current valuation described as over $1B across multiple reports. The proceeds will accelerate organic and inorganic growth, particularly in AI data security, compliance, data hygiene for generative AI pipelines, and acquisitions. BigID reported nearly $100 million in recurring revenue (ARR) at the time of the round, reflecting significant five-year growth from its first customer, positioning it as a leader in unifying a fragmented market for enterprise data management amid rising cybersecurity risks, AI adoption, cloud proliferation, and regulatory pressures. The platform addresses data-centric security, privacy requests automation under regulations, and new AI-related needs like detecting sensitive data in model training. Investors highlighted BigID's category-leading platform, with Riverwood Capital noting its unification of complex markets and potential for global scaling, while Silver Lake Waterman praised its role at the core of enterprises for data protection amid generative AI growth. BigID plans to enhance capabilities in data discovery, staging, enrichment, and model access controls. |
| Apr 2021 | Series D | Advent International (lead); boldstart ventures | $30M | $1.3B | BigID, a leader in data discovery and intelligence for privacy, protection, and perspective, announced a $30 million investment from Advent International through its Advent Tech arm on April 22, 2021. This extension boosted the company's ongoing Series D financing, originally $70 million raised in December 2020, to a total of $100 million for the round, bringing cumulative funding to $200 million across four rounds since September 2019. The investment valued BigID at a post-money valuation of $1.25 billion. BigID's platform leverages machine learning-based classification, cataloging, correlation, and cluster analysis to help enterprises understand, protect, and derive value from their data amid growing challenges like data silos, privacy regulations such as GDPR and CCPA, and security needs accelerated by digital transformation during the pandemic. The company, founded in 2016 by Dimitri Sirota and Nimrod Vax with offices in New York and Tel Aviv, enables organizations to discover, manage, protect, and maximize value from regulated, sensitive, and personal data across their landscapes. The additional capital is earmarked for global expansion, enhanced go-to-market efforts, and product development in data privacy, security, and governance. Advent International joins existing investors including Salesforce Ventures, Tiger Global Management, Glynn Capital, Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures. CEO Dimitri Sirota highlighted the partnership's potential to leverage Advent's sector expertise and global footprint for growth, while Advent's Ashwin Krishnan praised BigID's platform for addressing key data management trends. |
| Dec 2020 | Series D | Salesforce Ventures (lead); Tiger Global (lead); Vintage Investment Partners; Scale Venture Partners; Bessemer Venture Partners; boldstart ventures; Glynn Capital Management | $70M | $1B | BigID is a data intelligence platform specializing in discovery, classification, and management of sensitive data for privacy, security, compliance, and governance across hybrid cloud environments. Founded in 2016 by Dimitri Sirota and Nimrod Vax, the New York- and Tel Aviv-based company helps enterprises address regulations like GDPR and CCPA by identifying personally identifiable information (PII) and enabling data actions such as deletion or protection. BigID's platform uses machine learning for classification, cataloging, correlation, and cluster analysis to provide visibility into data landscapes. On December 16, 2020, BigID raised $70 million in a Series D round co-led by Salesforce Ventures and Tiger Global, with participation from Bessemer Venture Partners, boldstart ventures, Glynn Capital Management, Scale Venture Partners, and others. This funding brought the company's post-money valuation to $1.25 billion, marking its unicorn status, and included both primary and secondary shares. The round followed prior financings, accelerating BigID's growth amid rising demand for data management amid digital transformation and the pandemic. BigID has raised over $320 million total, with extensions like $30 million from Advent International in April 2021 maintaining the $1.25 billion valuation and a 2024 $60 million round at over $1 billion led by Riverwood Capital. BigID's traction includes recognition as a 2020 Forbes Cloud 100 member, World Economic Forum Technology Pioneer, and RSA Innovation Sandbox winner. The company launched an App Marketplace in 2020 for privacy and data discovery extensions, supporting OEM deals like with SAP, and focuses on subscription-based recurring revenue from enterprise licensing scaled by data volume. |
| Jan 2020 | Series C | Tiger Global (lead) | $50M | - | BigID is a New York-based data privacy and protection company founded in 2016 that specializes in privacy-oriented data discovery, intelligence, and automation. The company helps enterprises automate privacy compliance activities including data access rights management, data sharing governance, and consent management in response to regulations like GDPR and CCPA. In January 2020, BigID raised $50 million from Tiger Global in what sources refer to as either a Series C extension or a separate round, less than four months after closing a $50 million Series C in September 2019. This brought total funding to $144 million in under two years. The company reported 4x year-over-year sales growth in 2019 and expanded its go-to-market operations globally across Europe, Latin America, and Asia. BigID achieved several strategic milestones including Microsoft co-sell ready status, becoming an SAP Solex global reseller, launching BigID Enterprise with expanded automations, introducing the industry's first data discovery solution for modern data pipelines like Kafka and Kinesis, and joining the AWS marketplace. The company continued its rapid fundraising trajectory with a $70 million Series D at a $1 billion valuation in December 2020, followed by another $70 million Series E at a $1.25 billion valuation in September 2021, demonstrating strong investor confidence in its privacy and data governance platform during a period of accelerating regulatory requirements worldwide. |
| Sep 2019 | Series C | Bessemer Venture Partners (lead); Salesforce Ventures; Plug and Play; Genacast Ventures; Scale Venture Partners; Information Venture Partners; Comcast Ventures; Deep Fork Capital; boldstart ventures; ClearSky; Western Technology Investment; SAP.iO | $50M | $350M | BigID is a data discovery and intelligence platform that helps organizations understand, protect, and derive value from their enterprise data through machine learning-based classification and cataloging. The company serves the data privacy and governance market, using its platform to help enterprises manage sensitive and regulated data across their data landscape. In September 2019, BigID raised $50 million in Series C funding that valued the company at $300 million post-money. The round included participation from Bessemer Venture Partners and other investors focused on supporting the company's expansion in data management and privacy solutions. BigID has demonstrated strong investor demand, raising $200 million total across four funding rounds between September 2019 and April 2021, reflecting market recognition of the critical need for data intelligence solutions as enterprises accelerate digital transformation and address regulatory compliance requirements. |
| Jun 2018 | Series B | Scale Venture Partners (lead); Information Venture Partners; Comcast Ventures; boldstart ventures; ClearSky; SAP.iO | $30M | - | BigID is a New York-based data security startup founded in 2016 by Dimitri Sirota and Nimrod Vax, developing software to inventory large data stores, identify sensitive information, and help enterprises comply with regulations like GDPR. The company raised a $30 million Series B round on June 25, 2018, led by Scale Venture Partners, with participation from Boldstart Ventures, ClearSky Security, Comcast Ventures, Information Venture Partners, and SAP.io, following a $14 million Series A in January 2018. This funding came amid heightened demand driven by GDPR enforcement, enabling companies to better manage customer data visibility and control. BigID planned to expand its partner go-to-market strategy, including partnerships with global systems integrators. Later developments show strong growth: BigID reached nearly $100 million in recurring revenue by 2024 after a $60 million growth round at over $1 billion valuation, following a 2020 Series D at $1.25 billion with $50 million ARR then, trading at a 25x revenue multiple; total funding exceeded $320 million by 2024. |
| Jan 2018 | Series A | ClearSky (lead); Plug and Play; Comcast Ventures; boldstart ventures; SAP.iO | $14M | - | BigID, a U.S.-based company with engineering headquarters in Tel Aviv, Israel, develops a data-driven platform for personal information protection, privacy, and governance using machine learning and identity intelligence to manage identity data at petabyte scale. The platform helps enterprises meet GDPR requirements, such as data protection and compliance. On January 29, 2018, BigID raised $14 million in a Series A funding round led by ClearSky Security, with participation from new investors Comcast Ventures, SAP.iO Fund, and existing investor BOLDstart Ventures. This brought total funding to $16.1 million. ClearSky Security Managing Director Jay Leek joined the board. BigID planned to use the proceeds to expand its engineering team in Israel and grow global sales and marketing to accelerate platform adoption. The company, founded by veterans in identity, data protection, and big data, targets enterprises needing accountability for customer data privacy amid rising regulations and breaches. |
| Mar 2016 | Seed | boldstart ventures (lead); Genacast Ventures (lead); Julian Levy; Deep Fork Capital | $2M | - | - |
Who has invested in BigID?
19 investors have backed BigID across its funding rounds, including boldstart ventures, Comcast Ventures, Scale Venture Partners, ClearSky, SAP.iO and Tiger Global.
Lead investors include Riverwood Capital, Advent International, Salesforce Ventures, Tiger Global, Bessemer Venture Partners and 4 other investors.
BigID Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Mar 2016 | ||
| 3 | Lead | Jun 2018 | ||
| 3 | Participant | Jan 2018 | ||
| 3 | Lead | Jan 2018 | ||
| 3 | Participant | Jan 2018 | ||
| 2 | Lead | Sep 2019 | ||
| 2 | Participant | Jan 2018 | ||
| 2 | Lead | Mar 2016 | ||
| 2 | Participant | Jun 2018 | ||
| 2 | Participant | Mar 2016 | ||
| 2 | Lead | Sep 2019 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Lead | Jan 2020 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBigID Competitors
BigID competitors include listed companies like Mitek Systems and NSFOCUS, and private ones like Sift, Tines, Iru and Sardine.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $850M | - | ||
| Publicly listed | $180M | $37M | $781M | 3.7x | ||
| Private | - | - | $660M | - | ||
| Publicly listed | $379M | $37M | $955M | 2.4x |
BigID Public Comps
BigID is still privately-owned, but its public comps include NSFOCUS, BeiJing Certificate, Yubico, Rapid7, Riskified, Asiainfo Security, Mitek Systems, Eastcompeace Tech, Red Violet and CANCOM.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
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Common questions about BigID
| When was BigID founded? | BigID was founded in 2016. |
| Where is BigID headquartered? | BigID is headquartered in New York City, NY, United States. |
| Is BigID publicly listed? | No, BigID is a private, VC-backed company. |
| What is BigID's valuation? | BigID was last valued at $1B in its Series E in March 2024. |
| How much funding has BigID raised? | BigID has raised $306M across 8 funding rounds. |
| What was BigID's last funding round? | BigID's last funding round was a $60M Series E in March 2024, led by Riverwood Capital. |
| Who are BigID's investors? | BigID's investors include boldstart ventures, Scale Venture Partners, Comcast Ventures, ClearSky, SAP.iO, Salesforce Ventures, Plug and Play, Genacast Ventures, Information Venture Partners, Deep Fork Capital and 9 others. |
| What is BigID's revenue? | BigID's latest recorded revenue is $100M (March 2024). |
| What is BigID's revenue multiple? | BigID's latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue). |
| Which companies are comparable to BigID? | Companies comparable to BigID include Sift, Tines, Iru, Mitek Systems, Sardine and NSFOCUS. |
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