Saviynt Lands $700 Million, Valuation Reaches $3 Billion Amid AI Security
Photo by Peter Conrad on Unsplash
Saviynt, an identity-security firm, received $700 million in funding led by KKR, valuing the company at $3 billion. The investment will be used to enhance product development and AI-based tools, as enterprise clients like Levi's and Kraft Heinz increase spending on identity-security solutions due to rising cyber threats.
Key takeaways
- Identity-security firm Saviynt has secured $700 million in a funding round led by KKR, valuing the company at approximately $3 billion, according to Reuters
- Sixth Street Growth, TenEleven, and Carrick Capital Partners also participated in the investment
- Saviynt intends to utilize the capital to accelerate product development, create AI-based migration tools, and enhance cloud and software integrations
Related Topics
Want coverage like this for your company?
Local & industry wins build trusted proof, SEO/geo signals and prime national editors.
Check fit (2 min)Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Want to turn mentions into momentum? Find your best path with the Fit Checker. Verified profiles receive a free consult.