Saviynt just dropped a Series B that feels less like a funding round and more like a tectonic adjustment. $700M led by KKR with Sixth Street Growth, TenEleven, and Carrick Capital Partners leaning back in says the identity game did not just heat up. It matured. Sachin Nayyar built Saviynt in 2011, stepped out, built Securonix into a unicorn, and then came back in 2023 like a founder who refuses to watch his first masterpiece from the sidelines. That kind of full circle energy hits different, especially when the market finally realizes identity is the control plane for everything AI is about to touch.
Saviynt is securing more than 100M identities across humans, machines, bots, and AI agents. When the ratio of non-human to human identities is 82 to 1, you cannot fake governance. You need a platform that sees risk signals the way veteran traders feel market swings. That is exactly what the Enterprise Identity Cloud delivers with cloud-native convergence across IGA, CPAM, application access governance, and ISPM. Global giants like Shell, BP, Kraft Heinz, McKesson, Ingram Micro, and AutoNation do not bet on theory. They bet on architecture that can survive real scale.
The numbers back it up. ARR clearing $200M with 35% growth. GRR over 95% with 98% excluding downsell. NRR climbing to 111%. Subscription gross margin near 80%. Profitability with positive cash EBITDA. New SaaS ACV bookings up 35% YoY and Q3 bookings jumping 45% YoY. These are not vanity stats. These are proof that customers keep coming back for more because the platform keeps answering questions competitors cannot.
It helps that the leadership lineup looks like someone drafted from the enterprise software Hall of Fame. President Paul Zolfaghari brings the precision of MicroStrategy and Carrick Capital Partners. COO Shankar Ganapathy adds decades of scaling analytics and data platforms. Chief Development Officer Ajay Garg sharpens the engineering engine after years leading global teams at Palo Alto Networks. CFO Jim Jackson adds the discipline of a 2 time IPO architect. CTO Atul Vij and Chief Information Security Officer Akshay Sivananda anchor the product and security pulse with depth that only comes from living in complex identity environments.
Now Saviynt is taking this $700M infusion and stretching the map. Singapore, Poland, Amsterdam, Germany, Dubai, and a 62,000 sq ft innovation hub in Bangalore where 650+ engineers are building the next frontier of agentic AI, ZeroTrust at enterprise scale, and governance frameworks for AI agents that move faster than legacy tools can blink. Enterprises preparing for AI revolutions know they need an identity fabric that keeps everything accountable. Saviynt is stepping into that role with conviction.
This round does not feel like celebration. It feels like acceleration. The market is shifting and Saviynt is steering into the opening with the confidence of a team that understands where identity is heading and why the next era of AI will be built on it.
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