Foley & Lardner LLP recently represented Riverwood Capital as lead investor in the $60 million Series E funding round for cybersecurity startup BigID. Riverwood was joined by additional investors Silver Lake Waterman and Advent International.
BigID is a leader in data security, privacy, compliance, and governance: enabling organizations to proactively discover, manage, protect, and get more value from their data in a single platform for data visibility and control. Customers use BigID to reduce their data risk, automate security and privacy controls, achieve compliance, and understand their data across their entire data landscape, including multicloud, hybrid cloud, IaaS, PaaS, SaaS, and on-prem data sources.
This round values BigID at over $1 billion, and brings the company’s funding total to $320 million. BigID plans to use the funding to accelerate growth organically and through strategic acquisitions, as well as to propel BigID’s expansion in the AI data security and compliance sectors.
Riverwood Capital targets high growth technology and technology-related businesses with large market opportunities and demonstrated business models, which can accelerate growth if provided the necessary capital and support. The company seeks opportunities on a global basis, with particular emphasis on North America, Latin America, and other select emerging markets.
The Foley team was led by partner Louis Lehot and included partner Lyman Thai and associates Erik Nguyen, Ashley Lee, and Mackenzie Barrett.
