Share this article NEW YORK and TEL AVIV, Israel, April 22, 2021 /PRNewswire/ -- BigID, a leader in data discovery and intelligence for privacy, protection and perspective, today announced a $30 million investment from Advent International, one of the largest and most experienced global private equity investors, through Advent Tech, extending the company's $70 million Series D financing raised in December 2020. BigID has raised $200 million over four rounds since September 2019, a pace that illustrates the demand for BigID's novel and modern approach to data management. This latest financing brings BigID's valuation to $1.25 billion. The pandemic has accelerated all automation and digital transformation programs by several years as companies recognize the need to innovate, placing increased pressure on IT leaders to deliver digital initiatives and overcome issues such as data silos. BigID's platform reimagines data management for enterprises, combining machine learning-based classification, cataloging, correlation, and cluster analysis to help companies better understand, protect, and derive value from their data. This additional funding will help BigID expand globally, boost its go-to-market efforts and advance product development in the areas of data privacy, security, and governance.