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In Financial Services, Foundries

BigID Named Market Leader: Data Security Posture Management in the Coveted Global InfoSec Awards during RSA Conference 2023

BigID, the leading platform for data security, privacy, compliance, and governance, is proud to announce we have won Market Leader Data Security Posture Management (DSPM) award from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine.

“We’re thrilled to receive one of the world’s most prestigious and coveted cybersecurity awards from Cyber Defense Magazine during their 11th anniversary – highlighting our leadership in the emerging category of Data Security Posture Management,” said Dimtri Sirota, CEO of BigID.

We’re thrilled to be a member on this coveted group of winners, located here: http://www.cyberdefenseawards.com/

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In Funding Announcement, Business Technology Platform

BigID Announces Splunk Ventures Investment to Extend Data Management Innovation

BigID, the leading data intelligence platform that enables organizations to know their enterprise data and take action for privacy, security, and governance, today announced Splunk Ventures is investing in BigID’s next phase of growth and innovative technology development.

Splunk Ventures is the corporate venture capital arm of Splunk Inc., the data platform leader for security and observability, and is dedicated to investing in organizations that expand and enhance the value of business data to drive outcomes. BigID is an innovator in data intelligence, with an ML-powered enterprise platform that reimagines data management for data discovery, privacy, security, and governance. BigID helps customers proactively manage and protect their data, reduce risk, and get more value from their data.

Data drives the world, and as digital transformation and cloud initiatives continue to accelerate, BigID’s modern approach to data management is purpose built to address the challenges of today’s data landscape. With BigID, customers can make better decisions with their data, achieve compliance, scale with evolving data privacy and protection landscape, and ultimately reimagine how they manage their data.

“Now more than ever, organizations need clearcut ways to harness their data to drive innovation while also remaining compliant and secure,” said Varoon Bhagat, vice president of Corporate Development for Splunk. “Our investment in BigID is the latest example of our commitment to transform data into business value and remove the barrier between data and action.”

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In Article, New York, Portfolio News

Enterprise-Tech Startups Focused on Risk, Security, Attract Venture Dollars

Security startups among the most-funded in New York City’s tech scene

Risk-management and security startups are in the spotlight among venture capitalists in the wake of increased remote work and a rise in high-profile cyberattacks.

And while current lockdowns and economic conditions may interfere with traditional deal making, a recent report tracking New York City-area startups reveals a surge of new funding.

These New York startups, which include BigID Inc., Payfone Inc. and BlueVoyant, offer software for cybersecurity, data governance and other risk-management functions.

Business interest in such technologies has intensified in recent years as companies seek ways to better manage risk-and-compliance issues associated with an explosion of user data, said Ram Jambunathan, a managing director of SAP.iO, the early-stage venture-capital arm of business software maker SAP SE.

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In Fund, Press Coverage, Portfolio News

SAP to Resell BigID data discovery and privacy products as solution extensions

BigID, a leader in data-centric personal data discovery and privacy, announced a global reseller agreement with SAP. Through this agreement, SAP can sell two BigID powered products under the names SAP Privacy Management application by BigID and SAP Data Mapping and Protection application by BigID. The agreement will enable businesses that use SAP solutions to more readily meet the challenges of data-centric data discovery and privacy by harnessing BigID’s advanced Machine Learning-based discovery and intelligence technology.

BigID is one of the industry’s first data privacy and intelligence platforms that allows customers to rely on actual data discovered across the enterprise and cloud rather than surveys and interviews to ensure privacy compliance.

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In Video, Portfolio News, Interview

Cracking the Code: From Startup to Scaleup in Enterprise Software with Ram Jambunathan (SAP.iO), Lonnie Rae Kurlander (Medal), Caitlin MacGregor (Plum), and Dimitri Sirota (BigID)

The startup journey is hard. Data shows that 70% of upstart tech companies fail, while only 1% of these startups will go on to gain unicorn status. Success in enterprise software often requires deep industry experience, strong networks, brutally-efficient execution, and a bit of luck. This panel brings together three successful SAP.iO Fund-backed enterprise startups for an open discussion on lessons learned, challenges of scaling, and why the right strategic investors or partners can be beneficial even at early-stages

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In Fund, Press Coverage, Portfolio News

BigID Launches Momentum Value Added Reseller Partner Program to Expand Reach Globally

BigID, the leader in data-centric personal data privacy and protection, today announced the BigID Momentum Value Added Reseller (VAR) Program. The program enables resellers to easily add BigID’s data discovery, intelligence and privacy automation products to their portfolio to capture new revenue streams as companies comply with global privacy regulations like California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). The BigID VAR program will enhance the company’s market presence globally, accelerating sales growth in critical territories like Europe, Latin America and Asia-Pacific.

Inaugural VAR partners include Optiv, SHI, Navilogic, NextID, GDM Sweden, Optimitri Mexico and Dunlap, Bennett & Ludwig.

BigID will support VARs with a full enablement kit, facilitated by a dedicated portal. VARs will gain immediate access to deal registration program, training, sales management tools, and joint marketing program support for webinars, events, and related activities and collateral.

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In Fund, New York, Portfolio News

BigID Raises $50M in Series C Funding

BigID's company logo

BigID, a NYC- and Tel Aviv, Israel-based data-centric personal data privacy and protection platform, raised $50m in Series C funding.
The round was led by Bessemer Venture Partners, with participation from existing investors SAP.io Fund. In conjunction with the funding, Alex Ferrara, partner at Bessemer Venture Partners, will join the BigID Board of Directors.

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In Fund, Press, Portfolio News

BigID announces $50M Series C investment as privacy takes center stage

BigID's company logo

It turns out GDPR was just the tip of the privacy iceberg. With California’s privacy law coming on line January 1st and dozens more in various stages of development, it’s clear that governments are taking privacy seriously, which means companies have to as well. New York startup BigID, which has been developing a privacy platform for the last several years, finds itself in a good position to help. Today, the company announced a $50 million Series C. The round was led by Bessemer Venture Partners with help from SAP.iO Fund. Today’s investment brings the total raised to more than $96 million, according to Crunchbase.

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