BigID: How It Manages and Protects Business Data?

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Many companies in this technologically advanced age struggle to manage their sprawling data estates and minimize data risks. Vendors are furiously developing tools to help manage data while addressing privacy concerns. However, the disconnected nature of point-tool development is hurting efficiency with data becoming more distributed.

Now the question is, can a single platform approach address the modern challenges associated with data management? It’s when BigID came forward as the most appropriate answer. BigID is an America-based company offering cloud-native solutions to help organizations organize and secure data while ensuring compliance with protection regulations.

Let’s dive in to learn about BigID in detail.

BigID – Company Highlights

About BigID
BigID – Industry
BigID – Founders and Team
BigID – Startup Story
BigID – Mission and Vision
BigID – Business Model
BigID – Revenue Model
BigID – Products and Services
BigID – Funding and Investors
BigID – Growth
BigID – Partners
BigID – Awards and Achievements
BigID – Competitors

About BigID

BigID is a data intelligence company developing software offering data security, compliance, privacy, and governance. The platform leverages advanced machine learning and data intelligence to enable enterprises to proactively discover, manage, secure, and get value for their business data for better visibility and control.

Customers deploy BigID to minimize their data risk, automate security and privacy control, achieve compliance, and gain valuable insights from business data across their entire data landscape, including hybrid cloud, multi-cloud, SaaS, IaaS, PaaS, and on-prem data sources.

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BigID – Industry

BigID operates in the enterprise data management industry, the global market size of which is estimated to reach $122.9 billion by 2025 from $77.9 billion in 2020, at a remarkable CAGR of 9.5%. The increasing need for effectively managing the hierarchical master data generated across different departments, adoption of IoT devices, and digitalization are key market growth driving factors. Even the global industry benefited from the Covid-19 pandemic.

The global enterprise data management market comprises prominent players, such as IBM Corporation, SAP SE, Oracle Corporation, Talent, Symantec, and Informatica.

BigID – Founders and Team

Dimitri Sirota and Nimrod Vax are the co-founders of BigID.

Dimitri Sirota

Dimitri Sirota completed his bachelor's in Physics with Honors from McGill University and master’s in Engineering Physics from The University of British Columbia. Currently, he is the co-founder and CEO of BigID. Moreover, he is the Investor at Pomelo Pay, Subscribe, Zuplo, Sifflet, Kili Technology, TopCoat Data, AtomicJar, Inc., and many other leading companies. In addition, Sirota co-founded eTunnels and Layer7.

Nimrod Vax

Nimrod Vax completed B.Sc in Computer for Bar-Ilan University and MBA in Marketing from Tel Aviv University. He is the co-founder and CPO of BigID. Additionally, he is the Seed Investor at Jit.io and Slim.ai. Vax worked as a Development Manager at Business Layers and Netegrity and as VP of Product Management at CA Technologies.

BigID Team

• Scott Casey - Chief Operating Officer
• Avi Aronovitz - Chief Financial Officer
• Marc DeGaetano - Chief Revenue Officer
• Sarah Hospelhorn - Chief Marketing Officer

BigID currently employs 400+ employees.

BigID – Startup Story

Dimitri Sirota and Nimrod Vax co-founded BigID in 2016. When Sirota was running a security strategy for the security businesses in California, he saw many companies focused on the problem of authentication, authorization, single sign, and all traditional IAM capabilities. He lived in West Chester, and when commuting to work, he read about the data being stolen, lost, or misused in the Wall Street Journal and New York Times.

When he looked for the solution, he didn’t see anything focused on the problem of identity security but identity management. He then thought of commencing his new venture. So, for about one-and-a-half years, he thought about what he wanted to do and started networking in New York. As a part of that, he thought about the problem space and realized there is a gap, white space, between the protection of personal information and available technologies. Moreover, he was aware that a new regulation named GDPR would come with fines for not doing anything to protect personal information.

When he left California for his second anniversary, he reached out to Nimrod Vax, whom he worked with, who ran identity products. He talked to him and got this opinion around this venture idea, and then they workshopped it. They worked on the idea for a few months to give it a final shape so that they could take it to the investors. Within six months, they raised money and started building BigID in 2016.

BigID launched its first GDPR & Privacy Compliance Product, “BigID BigOps,” in October 2017. Furthermore, the company introduced Data Exchange App for ServiceNow in 2020. A year later, in 2021, it expanded Access Intelligence for Cloud and Data Centers. The company introduced Cookie Consent Management in 2022 and Secrets Detection Capabilities in 2023.

BigID – Mission and Vision

BigID aims to revolutionize data privacy and protection for companies in the digital age.

BigID – Business Model

BigID is a modern, extensible data privacy, protection, and perspective platform. The platform combines next-generation ML cataloging, classification, cluster, analysis, and correlation across each data type to help customers find sensitive and critical data anywhere with transformative data discovery. The modular apps are built on the first-purpose build app framework to let enterprises take action for data privacy and protection.

Furthermore, the BigID platform lets its customers unleash the value of their business data by automating data-driven initiatives. They can accelerate data solutions by leveraging an active metadata hub to enable the data fabric.

BigID – Revenue Model

BigID pricing model depends on a few factors specific to the organization's team and data. The client organizations are asked to choose a pricing bundle from multiple options, including Data Discovery, Classification & Inventory, Zero Trust, Insider Threat, DSPM, Data Minimization, Data Lifecycle Management, Data Rights, Preferences, Data Mapping, and other bundles. In addition, enterprises need to choose where their data live- "Cloud, Hybrid, or On-Prem," to get the pricing plan.

BigID – Products and Services

BigID offers a wide range of products, including:

• Data Discovery & Classification
• Automated Labeling
• Data Retention
• Metadata Exchange & Enrichment
• Consent Governance
• Breach Data Investigation
• PIA Automation
• Data Deletion
• Data Risk Scoring
• Privacy Portal
• Access Intelligence
• Data Quality
• Data Remediation
• Data Stewardship
• Data Rights Automation
• Cookie Consent

BigID – Funding and Investors

BigID has undertaken 12 funding rounds to raise $246.1 million. Its latest funding round – Venture Series Unknown Round, was conducted on October 21, 2022. Bessemer Venture Partners, Boldstart Ventures, ClearSky, Comcast Ventures, Genacast Ventures, Information Venture Partners, Salesforce Ventures, and Tiger Global Management are some investors of BigID.

BigID – Growth

BigID grew by 7,242% in 2021, and its valuation accelerated from $1 billion at the end of 2020 to $1.25 billion in 2021. Moreover, the company’s employee count increased from 300 in 2021 to 400 in 2022.

BigID – Partners

BigID has partnered with various service, technology, marketplace, and resell partners. Some of these are as follows:

• Accenture
• IBM
• Cognizant
• World Wide Technology
• AWS
• Salesforce
• Thales
• Fortanix
• Okera
• ValuRisQ
• Splunk
• Wiz.io

BigID – Awards and Achievements

The industry has recognized BigID for its data intelligence innovation as it was:

• 2023 Globe Awards Gold Winner by Disruptors
• 2023 The Global Infosec Awards Winner by Cyber Defense Magazine
• Cybersecurity Speak Through Award in 2022
• Named as one of the Top 100 Cloud Computing Companies by Forbes in 2021
• Listed as the 19th Fastest Growing Private Company in America and ranked first in Security by Inc 5000 in 2021
• Recognized as AI Startup to Watch by Business Insider in 2020
• RSA Innovation Sandbox Winner in 2020

BigID – Competitors

The top competitors of BigID are as follows:

• Egnyte
• Segment
• Smartsheet
• Demandbase One
• Planhat
• BetterCloud

FAQs

What does BigID do?

BigID is a data intelligence company developing software offering data security, compliance, privacy, and governance. The platform leverages advanced machine learning and data intelligence to enable enterprises to proactively discover, manage, secure, and get value for their business data for better visibility and control.

Who are the founders of BigID?

Dimitri Sirota and Nimrod Vax are the co-founders of BigID.

When was BigID founded?

BigID was founded in the year 2016.

Who are the main competitors of BigID?

The main competitors of BigID are Egnyte, Segment, Smartsheet, Demandbase One, Planhat, and BetterCloud.