BigID Company Profile

Background

BigID is a data intelligence company specializing in data security, privacy, compliance, and governance. Founded in 2016 and headquartered in New York City, BigID's mission is to revolutionize how enterprises protect and manage their data assets. The company leverages advanced machine learning and data intelligence to help organizations proactively discover, manage, and secure their data across diverse environments, including multicloud, hybrid cloud, IaaS, PaaS, SaaS, and on-premises data sources.

Key Strategic Focus

BigID's strategic focus centers on providing a comprehensive platform that enables organizations to:

• Discover and Classify Data: Utilize advanced machine learning algorithms to identify and categorize sensitive and personal data across the enterprise.

• Automate Privacy and Security Controls: Implement automated mechanisms to enforce data protection policies and comply with regulations such as GDPR and CCPA.

• Enhance Data Governance: Establish robust data governance frameworks to manage data risk and ensure compliance.

• Extract Value from Data: Leverage data insights to drive business innovation and operational efficiency.

The company's primary markets include financial services, healthcare, retail, automotive, and airlines, addressing the critical need for data protection and compliance in these sectors.

Financials and Funding

BigID has demonstrated significant financial growth since its inception:

• Total Funding: The company has raised approximately $319.32 million across multiple funding rounds.

• Valuation: As of 2022, BigID was valued at $1.25 billion.

• Revenue: In 2023, the company reported revenues of $90 million, reflecting a 48% year-over-year growth.

Notable investors include Bessemer Venture Partners, Boldstart Ventures, ClearSky, Comcast Ventures, Genacast Ventures, Information Venture Partners, Salesforce Ventures, and Tiger Global Management.

Technological Platform and Innovation

BigID's platform is distinguished by its innovative technological capabilities:

• Proprietary Technologies: The platform employs advanced machine learning and data intelligence to discover and classify sensitive data across various environments.

• Scientific Methodologies: BigID utilizes machine learning algorithms for data discovery and classification, enabling organizations to identify and manage sensitive information effectively.

• AI-Driven Capabilities: The platform's AI-driven approach allows for automated data mapping, risk scoring, and compliance monitoring, enhancing operational efficiency and accuracy.

Leadership Team

BigID's leadership comprises experienced professionals with diverse backgrounds:

• Dimitri Sirota: Co-Founder and CEO, with a history of launching three security companies and extensive experience in cybersecurity.

• Nimrod Vax: Co-Founder and Chief Product Officer, bringing expertise in developing innovative data protection solutions.

• Avi Aronovitz: Chief Financial Officer.

• Eyal Sacharov: Senior Vice President of Research & Chief Architect, with experience at CA Technologies and Eurekify.

• Marc DeGaetano: Chief Revenue Officer, with previous roles at Symantec, Tanium, and Rubrik.

• Sarah Hospelhorn: Chief Marketing Officer, with experience at Varonis and MakerBot.

• Eyal Levy: Senior Vice President of Research & Development.

Competitor Profile

Market Insights and Dynamics

The enterprise data management industry is experiencing rapid growth, driven by increasing data volumes and stringent regulatory requirements. The global market size is projected to reach $122.9 billion by 2025, growing at a CAGR of 9.5% from 2020.

Competitor Analysis

Key competitors in the data privacy and protection space include:

• OneTrust: Offers comprehensive privacy management software solutions.

• TrustArc: Provides data privacy management platforms for compliance and risk management.

• Securiti: Specializes in data security and privacy automation.

• Egnyte: Focuses on secure file sharing and content governance.

• Segment: A customer data platform that helps businesses collect and manage customer data.

Strategic Collaborations and Partnerships

BigID has established significant partnerships to enhance its market position and capabilities:

• Technology Partners: Collaborations with AWS, Salesforce, and Splunk to integrate and extend platform functionalities.

• Service Partners: Partnerships with Accenture, IBM, and Cognizant to deliver comprehensive data management solutions.

• Resell Partners: Alliances with World Wide Technology and others to expand market reach.

Operational Insights

BigID differentiates itself through:

• Comprehensive Data Intelligence: Offering a unified platform that addresses data discovery, classification, governance, and compliance.

• AI-Driven Automation: Utilizing machine learning to automate data protection and compliance processes.

• Scalability: Supporting diverse data environments, including multicloud and on-premises infrastructures.

Strategic Opportunities and Future Directions

BigID aims to:

• Expand Product Offerings: Continuously innovate to address emerging data protection challenges.

• Enter New Markets: Leverage existing strengths to penetrate additional industries and geographies.

• Enhance AI Capabilities: Invest in advanced AI technologies to further automate and improve data management processes.

Contact Information

For more information, visit BigID's official website.

Connect with BigID on LinkedIn.