Data privacy startup has raised $50 million for its Series D, just a few months after raising its $50 million Series C, the company announced Monday.
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BigID makes software that helps companies keep customer data secure and meet privacy regulations, according to Crunchbase. The new round of funding, which came from , brings the company鈥檚 total funding to about $144 million.
BigID, which is based in New York, has been raising money at a quick pace since it was founded in 2016. The company raised its $14 million in January 2018, its $30 million in June 2018, and its $50 million in September 2019. Its investors include and .
The company focuses on an area that鈥檚 only getting more attention from the public and regulators. Data security and privacy are at the center of new laws like GDPR in Europe and CCPA in California.
BigID CEO told that the company wasn鈥檛 looking to raise money for either its Series C or D (he said BigID still has money left over from its Series B). But with the new cash, the company will expand into other areas of security.
BigID, which has employees in Europe and Asia, will also expand internationally this year as it grows from its 165-person headcount to the mid-200s, according to TechCrunch.
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