New York – April 27, 2021 – Cooley advised BigID, a leader in data discovery and intelligence, on its $30 million investment from Advent International, which boosts its Series D funding round to $100 million and brings its valuation to $1.25 billion. Partner Adam Dinow led the team advising BigID.
The investment from global private equity investor Advent International, through Advent Tech, extends BigID's $70 million Series D financing raised in December 2020. BigID will use the additional capital to expand globally, boost its go-to-market efforts and advance product development in the areas of data privacy, security and governance.
"We're thrilled to work with Advent International and tap into their sector expertise and global footprint to drive future growth," Dimitri Sirota, BigID CEO and co-founder, said in a news release. "We believe our unified data intelligence platform is uniquely positioned to ensure businesses tackle their data management pain points by providing increased knowledge and visibility of their data, enabling them to meet regulatory requirements, ensure their data is secure and lay the groundwork to reap the rewards of business intelligence."
BigID enables organizations to know their enterprise data and take action for privacy, protection and perspective. Customers deploy BigID to proactively discover, manage, protect and get more value from their regulated, sensitive and personal data across their data landscape. Cooley has advised BigID on funding since its Series A round in 2018.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.