Saviynt, the identity security specialist, has raised $700m in a Series B growth equity round led by KKR, alongside Sixth Street Growth, TenEleven and existing investor Carrick Capital Partners.
The raise reflects rising demand for identity security as enterprises deploy AI tools at scale.
Saviynt provides an AI-powered identity platform that manages and governs access for human users, machine identities and AI agents across applications, data and infrastructure.
The new funding supports expansion of Saviynt’s platform, which unifies IGA, PAM, AAG and ISPM into a single identity security layer. The company said its tools help organisations meet compliance requirements, reduce risk and streamline operations as they transition to cloud and AI ecosystems.
Saviynt stated the capital will accelerate R&D, deepen integrations with hyperscalers and SaaS providers, and help customers migrate from legacy systems.
The company has grown to more than 600 enterprise customers, including over 20% of the Fortune 100, and recently added new identity products for AI agents and non-human access management. It also delivered major integrations with AWS, CrowdStrike, Zscaler, Wiz and Cyera.
Saviynt founder & CEO Sachin Nayyar said, “This is a defining moment for Saviynt and the industry.
“The demand for secure, governed identity has never been greater, and this growth investment gives us the resources to meet it head-on. We chose to strategically partner with KKR and Sixth Street because they understand how central identity has become to enterprise AI strategies, and they have long track records of helping category leaders scale globally. We’re excited to work with them to accelerate innovation and bring identity security to every organization operating in the AI era.”
KKR managing director Ben Pederson said, “Saviynt has built one of the most advanced and comprehensive identity security platforms in the market, purpose-built for the AI era.
“The Company is redefining how organizations secure their digital ecosystems, and we look forward to strategically partnering with Sachin and the Saviynt team to help further scale their platform globally, advance their next-generation AI capabilities, and leverage KKR’s proven experience supporting leading cybersecurity businesses to accelerate growth and innovation.”
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