BigID boosts series D to $100m

Apr 26, 2021 • Jordan Williams

Advent International has supplied additional series D funding for the Salesforce-backed data protection software provider at a $1.3bn valuation.

BigID, a US-based data protection software developer backed by corporates Comcast, Salesforce and SAP, has added $30m from private equity firm Advent International to a series D round now standing at $100m.

The deal came after the company secured $70m in a first tranche co-led by Salesforce Ventures, the corporate venturing arm of enterprise software producer Salesforce, and hedge fund manager Tiger Global Management in December 2020.

Glynn Capital, Bessemer Venture Partners, Scale Venture Partners and Boldstart Ventures also…

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