BigID, a US-based enterprise data protection and privacy software developer backed by mass media group Comcast and enterprise software producer SAP, received $50m in funding on Friday, according to a regulatory filing.
The money was provided by nine investors, though their identities could not be ascertained. CEO Dimitri Sirota told news publication Calcalist that his company was expecting to close the round at more than $5om, but declined to offer further details.
Founded in 2015, BigID has developed a cybersecurity platform that exploits machine learning and big data analytics to find, analyse and de-risk personal information across large structured and unstructured datasets.
Features include the ability to index data by country, to enable enterprises to comply with regulations such as GDPR, which gives certain privacy rights to citizens in the EU and carries hefty fines if a company is found to be non-compliant.
BigID has raised $96.1m in funding altogether. It previously received $30m in series B financing in June 2018 from investors including Comcast and SAP’s respective corporate venturing arms, Comcast Ventures and SAP.io Fund.
Scale Venture Partners led the series B round, with further participation from ClearSky Security, Boldstart Ventures and Information Venture Partners.
Comcast Ventures and SAP.io Fund had also taken part in a $14m series A round in February 2018 together with Boldstart Ventures and ClearSky Ventures.
BigID had earlier received $2.1m in funding supplied by Genacast Ventures, a VC partnership between Comcast and entrepreneur Gil Beyda, together with Boldstart Ventures and Deep Fork Capital in 2016.
