KKR announced that it is the lead investor in a $700 million Series B growth‑equity round for identity‑security firm Saviynt, valuing the company at roughly $3 billion. The round also included participation from Sixth Street Growth, TenEleven, and existing Series A investor Carrick Capital Partners, underscoring confidence in Saviynt’s role as foundational infrastructure for the AI era.
Saviynt’s platform uses artificial intelligence to manage and secure human, non‑human, and AI agent identities across cloud, on‑premises, and hybrid environments. The company’s technology is positioned to meet the growing demand for secure, governed identity as enterprises accelerate AI adoption, a trend that is driving a projected $59.4 billion expansion of the global digital identity and security market through 2029.
The $700 million will be deployed across product development, the creation of AI‑based migration tools, and enhanced integrations with major cloud providers and software partners. A portion of the capital is also earmarked for secondary purchases, providing liquidity to early investors and employees while supporting the company’s scaling ambitions.
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. We chose to partner with KKR and Sixth Street Growth because they understand how central identity has become to enterprise AI strategies.” KKR Managing Director Ben Pederson added, “Saviynt has built one of the most advanced and comprehensive identity security platforms in the market, purpose‑built for the AI era.”
The financing positions Saviynt to compete more directly with larger players such as SailPoint, which recently reached a $12.8 billion valuation at its IPO. KKR’s investment aligns with its growth‑equity strategy focused on technology sectors with robust market trends, while Sixth Street Growth brings expertise in scaling fast‑growing companies. The deal signals strong investor confidence in Saviynt’s technology and its ability to capture a growing share of the identity‑security market as AI adoption accelerates.
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