Whether it’s looming regulations or lapses in operational security, companies face growing pressure to adhere to data privacy rules more stringently than ever before. A startup, flush with new funding, thinks it can help. New York-based BigID announced a $14 million Series A funding round Monday, with investment coming from ClearSky Security, Comcast Ventures and the SAP.iO Fund, among others. BigID launched its product last year to help organizations address various data protection requirements that were set to be enacted, including China’s Cybersecurity Law and the European Union’s General Data Protection Regulation (GDPR). China’s law went into effect in December, while GDPR will go into effect in May. “On the eve of GDPR and in the midst of endless mega breaches, we’re in a new era of personal data rights,” said Jay Leek, ClearSky Security Managing Director and former Blackstone CISO who is now on BigID’s board of directors. “Individuals now have […]
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