Saviynt has today announced a $700M Series B Growth Equity Financing at a valuation of approximately $3 billion. Funds managed by KKR, a leading global investment firm, led the round with participation from Sixth Street Growth and TenEleven, as well as new funding from existing Series A investor Carrick Capital Partners.
The investment reflects what many in the cybersecurity sector see as an accelerating shift: as organizations deploy generative AI, autonomous agents, and machine-driven workflows, identity security is becoming core infrastructure rather than a back-office compliance function.
AI Spurs a New Identity Crisis
Saviynt’s platform is designed to manage the full spectrum of digital identities now proliferating across enterprises, from employees and contractors to machine workloads, service accounts, certificates, keys, and increasingly AI agents that operate autonomously.
Unlike earlier identity and access management tools built for predictable human usage, modern platforms must govern identities that make real-time decisions and interact continuously across cloud environments and AI ecosystems.
“This is a defining moment for Saviynt and the industry,” said Founder and CEO Sachin Nayyar. “The demand for secure, governed identity has never been greater. Identity has become central to enterprise AI strategies, and this investment gives us the resources to meet that demand globally.”
Saviynt’s unified architecture merges identity governance (IGA), privileged access management (PAM), application access governance (AAG), identity security posture management (ISPM), and access gateways into a single AI-enabled platform designed for cloud-native environments.
KKR Expands Its Cybersecurity Footprint
For KKR, the investment extends a two-decade track record of backing high-growth cybersecurity firms. The firm has previously supported companies such as Darktrace, ReliaQuest, KnowBe4, Ping Identity, ForgeRock, and Semperis.
“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. “We look forward to partnering with the team to scale their platform globally and advance their next-generation AI capabilities.”
KKR is investing through its Next Generation Technology Growth Fund III.
Rapid Customer and Platform Growth
Saviynt’s momentum reflects the growing urgency of securing both human and non-human identities. The company now serves more than 600 enterprise customers, including over 20% of Fortune 100 companies.
The company has recently:
- Launched new tools for AI Agent Identity Management and Non-Human Identity Management
- Expanded its PAM and ISPM capabilities
- Added AI-enabled intelligence to automate onboarding, access reviews, and provisioning
- Delivered integrations with AWS, CrowdStrike, Zscaler, Wiz, and Cyera
Funding to Accelerate R&D and Ecosystem Expansion
Saviynt plans to use the capital to accelerate product development, expand AI-based utilities designed to help customers migrate from legacy systems, and deepen integrations with hyperscalers, software vendors, and channel partners.
The company said it also aims to strengthen its global go-to-market efforts as enterprises confront the security challenges introduced by AI-driven operations.
Advisors
Piper Sandler served as Saviynt’s exclusive financial advisor. Cooley LLP advised Saviynt, while Latham & Watkins LLP represented Carrick Capital Partners. Gibson, Dunn & Crutcher LLP advised KKR, and Moelis & Co along with Kirkland & Ellis LLP advised Sixth Street Growth.
