Saviynt raises $700 million at $3 billion valuation to scale AI-driven identity security

Summary

Identity-security company Saviynt raised $700 million in growth equity funding led by KKR, valuing the firm at about $3 billion. The company, which uses AI to manage access for people, machines and AI systems across applications and infrastructure, plans to use the capital to accelerate product development and global expansion amid rising demand for identity tools to defend against AI-driven cyber threats.