Saviynt, an identity security company, has announced a $700 million Series B growth equity financing at a valuation of approximately $3 billion. The round was led by KKR, with participation from Sixth Street Growth, TenEleven, and existing investor Carrick Capital Partners. Saviynt’s AI-powered platform manages human, machine, and AI-agent identities across applications, data, and infrastructure, integrating access and security governance.
Founder and CEO Sachin Nayyar said, “The demand for secure, governed identity has never been greater, and this growth investment gives us the resources to meet it head-on.” He added that the partnership with KKR and Sixth Street will help accelerate innovation and bring identity security to organizations operating in the AI era. The platform serves over 600 enterprises, including 20% of Fortune 100 companies, with integrations to AWS, CrowdStrike, Zscaler, and others.
The funding will support product development, expand AI-based tools, and accelerate the migration from legacy systems to Saviynt’s platform. The company plans to enhance its offerings in AI Agent Identity Management, Non-Human Identity Management, and Privileged Access Management. Ben Pederson, MD at KKR, said, “Saviynt is redefining how organizations secure their digital ecosystems, and we look forward to strategically partnering with Sachin and the team to help scale their platform globally and advance next-generation AI capabilities.”
The investment will also strengthen integration with cloud platforms, software providers, professional services, and resellers, positioning Saviynt to meet the rising demand for secure identity governance in AI-driven enterprises.