Saviynt Raises $130M To Further Accelerate Its Growth In Enterprise Identity Security Market Following Record First Half Of 2021

Sep 20, 2021•almost 4 years ago

Amount Raised

$130 Million

Los Angeles

Description

Saviynt, a leading provider of intelligent identity and access governance solutions, today announced that it has closed $130 million in financing from HPS Investment Partners and PNC Bank after driving record company growth in the first half of 2021. The latest funding brings Saviynt’s total capital raised to $170M. The company will use the additional resources to meet the increasing demand for its cloud-based identity solution by significantly growing its investments in R&D and personnel.

Company Information

Company

Saviynt

Location

Los Angeles, California, United States

About

Saviynt’s Enterprise Identity Cloud helps modern enterprises scale cloud initiatives and solve the toughest security and compliance challenges in record time. The company brings together identity governance (IGA), granular application access, cloud security, and privileged access to secure the entire business ecosystem and provide a frictionless user experience. The world’s largest brands trust Saviynt to accelerate digital transformation, empower distributed workforces, and meet continuous compliance, including BP, Western Digital, Mass Mutual, and Koch Industries. For more information, please visit saviynt.com.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Saviynt Raises $130M To Further Accelerate Its Growth In Enterprise Identity Security Market Following Record First Half Of 2021

Description

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Funding Insights

Company Information