Salesforce Backs BigID in Latest Round

Software company Salesforce.com Inc. has backed New York-based cybersecurity company BigID Inc. in its latest $50 million series C funding round, the latter announced Thursday. In July, Calcalist reported on the round based on the company’s filing with the U.S. Securities and Exchange Commission. Salesforce was not named as one of the investors at the time. Bessemer Ventures led the round with participation from SAP.IO, the early-stage venture arm of multinational enterprise software company SAP SE, Comcast Ventures, Boldstart Ventures, Scale Venture Partners, Israel-based cybersecurity firm ClearSky, and Salesforce Ventures. The round brings BigID’s total funding to date to $96 million.

Founded in 2015, BigID develops a data protection service that uses machine learning algorithms to track and guard enterprise customer and employee data. The company’s product, launched in 2017, is designed to help organizations address new data protection, privacy, and governance requirements such as the European Union’s General Data Protection Regulation (GDPR), which came into effect last year. BigID employs 150 in offices in Tel Aviv, New York, and Europe, according to the company’s statement.