Identity security firm Saviynt has raised US$700 million through a Series B growth equity financing round, which brought its valuation at about US$3 billion.
Funds managed by KKR led the round with participation from Sixth Street Growth and TenEleven, as well as new funding from existing Series A investor Carrick Capital Partners.
Saviynt’s AI-powered platform manages, secures, and governs access for human, non-human, and AI agent identities across an organisation’s applications, data, and infrastructure.
By converging identity management and governance (IGA), privileged access management (PAM), application access governance (AAG), identity security posture management (ISPM), and access gateways across all types of identities, Saviynt simplifies compliance, reduces risk, and improves efficiency for companies moving to cloud and AI-driven infrastructure.
As enterprises adopt copilots, autonomous agents, MCP servers, and AI-driven workflows, the need for an AI-driven Identity Security platform that addresses all posture, lifecycle, access, and privilege use cases across these non-human identities and their interactions with human identities is foundational.
“The demand for secure, governed identity has never been greater, and this growth investment gives us the resources to meet it head-on,” said Sachin Nayyar, founder and CEO of Saviynt.
“We chose to strategically partner with KKR and Sixth Street Growth because they understand how central identity has become to enterprise AI strategies, and they have long track records of helping category leaders scale globally,” he said.
Legacy identity and access management tools were designed for human users and static access patterns.
Today’s enterprises must govern employees and contractors; machine identities and workloads; service accounts, certificates, keys, secrets; partners, contractors, and other supply chain identities; and AI agents that operate continuously and make real-time decisions
AI-generated identities are the newest and fastest-growing type of identity class, and the one with the greatest potential to reshape how work, productivity, and operations function across the enterprise.
Identity security provides AI the important guardrails it needs to deliver real value and control risk. This shift has transformed identity governance from a security and compliance function into a strategic requirement for AI adoption.
“Saviynt has built one of the most advanced and comprehensive identity security platforms in the market, purpose-built for the AI era,” said Ben Pederson, managing director at KKR.
The funding will be used as growth capital to increase, expand, and accelerate product development; generate additional AI-based utilities, methodologies, and programs that facilitate the migration from legacy solutions to Saviynt’s platform; and enable deeper integration with hyper-scalers, software/SaaS platforms, professional services firms, and value-added resellers.
