BigID, a leader in AI-augmented data security, has secured $60 million in growth equity in a round led by Riverwood Capital, with participation from Silver Lake Waterman and Advent. The new capital brings its total funds raised to $320 million. With a focus on universal data security and compliance across various data types and environments, BigID aims to accelerate organic and inorganic expansion in AI data security and compliance. This funding reflects the increasing importance of data-centric security solutions in addressing the challenges posed by the exponential growth of generative AI and evolving regulatory pressures.
AI Security Market Fuels a $60M Growth Round for Unicorn BigID to Accelerate AI Data Security Innovation and Power Acquisitions
