BigID raises $30 million for data protection compliance, months after last funding round
BigID, a New York-based privacy and data protection company, announced on Monday that it raised $30 million in funding. Organizations are finding the need to be increasingly aware of how they handle the privacy of user data. BigID says it takes a data-focused approach to help organizations manage their privacy and comply with data protection regulations, like Europe’s new General Data Protection Regulation (GDPR). BigID says that many companies use a arduous process to comply with such regulations, involving surveys and spreadsheets. The company proposes its product as an alternative, which it says automates much of the work involved with compliance by leveraging machine learning and identity intelligence. “Good security requires good knowledge, and good data security requires good data knowledge. Privacy is no different. To operationalize privacy is to make it data-driven,” said BigID CEO Dimitri Sirota in a blog post about the announcement. The news comes exactly a month after GDPR went […]
The post BigID raises $30 million for data protection compliance, months after last funding round appeared first on Cyberscoop.