Saviynt Raises $700 Million at $3 Billion Valuation to Scale Identity Security for the AI Era
Saviynt, a Los Angeles–based identity security and access management company, has raised $700 million in a Series B growth equity financing, valuing the company at approximately $3 billion. The funding represents one of the largest growth rounds in the identity and cybersecurity sector and highlights the increasing importance of identity security as enterprises adopt cloud computing, automation, and artificial intelligence at scale.
The Series B round was led by funds managed by KKR, a global investment firm with significant experience scaling enterprise technology companies. Additional participants included Sixth Street Growth and TenEleven, alongside continued backing from existing investor Carrick Capital Partners. The investor group reflects strong institutional confidence in Saviynt’s strategy and its role in shaping the future of identity security.
Founded in 2010, Saviynt provides a cloud-native identity security platform that governs and secures access for human users, applications, data, infrastructure, and non-human identities such as machines and AI agents. As enterprises expand their use of cloud services and autonomous systems, identity has become a critical security layer, with organizations seeking centralized visibility and control over who or what can access sensitive resources. Saviynt positions its platform as foundational infrastructure for enabling secure digital and AI-driven transformation.
The company plans to use the new capital to accelerate research and development, expand its AI-enabled capabilities, and deepen integrations across major cloud platforms and software ecosystems. Saviynt has also stated that a portion of the funding will support global expansion, including scaling sales, customer success, and partner programs in international markets. Another focus area is helping enterprises modernize their identity environments by migrating from legacy, on-premises systems to Saviynt’s cloud-based architecture.
Saviynt’s growth equity round builds on a series of significant financings over the past several years. In January 2023, the company raised $205 million in growth financing from AB Private Credit Investors’ Tech Capital Solutions group, an affiliate of AllianceBernstein. That round coincided with founder Sachin Nayyar returning as CEO and the appointment of additional senior leadership to accelerate product innovation and market expansion. Earlier, in 2021, Saviynt secured $130 million in strategic financing from HPS Investment Partners and PNC Bank to support rapid growth and platform development.
Today, Saviynt serves more than 600 enterprise customers globally, including a substantial number of Fortune 100 companies. Its platform combines identity governance and administration, privileged access management, non-human identity management, and identity security posture management into a unified solution. This integrated approach is designed to address the growing complexity of enterprise identity environments, where users, applications, and automated systems continuously interact across hybrid and multi-cloud infrastructures.
Investors backing Saviynt view identity security as a strategic priority rather than a standalone compliance function. As organizations adopt zero trust architectures and expand AI-driven workflows, managing and securing identities has become central to reducing risk and maintaining operational resilience. The participation of growth-focused firms such as KKR and Sixth Street Growth brings not only capital but also experience in scaling global software businesses, while TenEleven and Carrick Capital Partners contribute deep expertise in cybersecurity and growth-stage execution.
With its latest funding, Saviynt aims to strengthen its competitive position against both legacy identity vendors and newer cloud-native challengers. The company plans to continue investing heavily in innovation while expanding its presence across industries such as financial services, healthcare, manufacturing, and technology. As digital transformation accelerates and AI becomes embedded in core business processes, Saviynt and its investors see identity security as a long-term growth opportunity and a foundational element of enterprise security strategy.
