BigID

BigID provides a data intelligence and data security platform that discovers, classifies, secures and governs enterprise data and AI systems. Its capabilities span data discovery and classification across structured, semi-structured and unstructured sources; data security posture management (DSPM); agentless data loss prevention; data access governance and activity monitoring; sensitivity and AI labeling; masking and redaction; data minimization, retention and deletion; and compliance and privacy automation including data mapping, consent, assessments, RoPA, cookie management and data subject access, deletion and portability requests.

The platform connects data sensitivity with identity, access, activity, lineage, ownership, policy and business context, and extends to AI-specific use cases: discovering shadow AI models and copilots, governing employee AI access, AI security posture management, securing data pipelines used for AI training and vector databases, and controlling agentic access to sensitive data. BigID also markets the platform for merger-and-acquisition workflows, covering pre-deal discovery and due diligence, integration planning, secure data migration, post-merger governance and ongoing monitoring.

Before BigID entered the market in 2018, data security products were purpose-built for specific data types; the company positions itself as having pioneered universal data security, compliance and privacy across any data type in public cloud, SaaS and on-premises environments, and as helping define categories such as DSPM while redefining data discovery, classification, DLP and data access management.

Founding story

According to the company, BigID was founded to give organizations a deeper understanding of what data they have, whose data it is, where it lives, how it is used and why it matters, starting from the data rather than from networks, endpoints or compliance checklists.

Business model

BigID sells an enterprise software platform, deployed by customers to discover, manage, protect and govern regulated, sensitive and personal data; company statements refer to recurring revenue, approaching roughly $100 million in annual recurring revenue as of March 2024.

Recurring software revenue from enterprise customers deploying the platform; the company cited almost $100 million in annual recurring revenue in March 2024.

Traction

BigID reported growing from its first customer to almost $100 million in recurring revenue over five years, and said in March 2024 that it remained valued at over $1 billion with $320 million in total capital raised.

Latest developments

In March 2024 BigID closed a $60 million growth round led by Riverwood Capital with Silver Lake Waterman and Advent, intended to fund organic and acquisition-based expansion in AI data security and compliance, after introducing data hygiene capabilities for the generative AI data pipeline and controls for detecting and tracking model access to sensitive data. Subsequent company announcements include AgentIQ, an agentic automation interface for data and AI security and compliance, Agentic Access Control and Intent-Based Activity Monitoring for autonomous AI agents, and an AI sovereignty offering.