BigID, which provides data security, compliance, privacy, and governance solutions, announced that it has raised USD 60 million in a growth funding round.
The company has raised a total of USD 320 million and is worth more than USD 1 billion. It claims to have generated almost USD 100 million in recurring revenue. Riverwood Capital led the latest funding round, which will help BigID accelerate and scale organic and inorganic growth.
Silver Lake Waterman and Advent also participated. The company is now advertising solutions for AI data security, and it intends to use the new funding to expand in this area.
Read More: BigID Raises $60 Million at $1 Billion Valuation
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