Identity Security Firm Saviynt Lands $700 Million to Power AI Infrastructure [Los Angeles Times (CA)]
KKR & Co. Inc. (KKR)
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Source: Los Angeles Times
Funds managed by global investment firm KKR 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 multi-firm investment underscores a shared conviction that identity management is the foundational infrastructure for organizations deploying AI at scale. “This is a defining moment for Saviynt and the industry,” said Sachin Nayyar , founder and chief executive of Saviynt, in a statement. “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 strategically partner with KKR and Sixth Street because they understand how central identity has become to enterprise AI strategies, and they have long track records of helping category leaders scale globally. We're excited to work with them to accelerate innovation and bring identity security to every organization operating in the AI era.” Saviynt's A
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