AdvertisementAdvertisementBusiness09 Dec 2025 10:08PM (Updated: 09 Dec 2025 10:10PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Dec 9 : Identity-security company Saviynt said on Tuesday it was valued at about $3 billion in a funding round led by U.S. investment firm KKR, amid companies bolstering their security tools in the face of rising AI-driven threats.The firm raised $700 million in the round, which was joined by Sixth Street Growth and TenEleven, with existing backer Carrick Capital Partners also participating.Saviynt is an AI-driven identity-security firm that helps organizations control access for people, machines and AI systems across apps, data and infrastructure, aiming to protect against risk and support large-scale AI use.Organizations have increased spending on identity-security tools to curb breaches and streamline operations, with tougher data-privacy laws, rising global cyberattacks and emerging AI-driven threats further fuelling demand."Saviynt has built one of the most advanced and comprehensive identity security platforms in the market, purpose-built for the AI era," said KKR Managing Director Ben Pederson.The El Segundo, California-based company said it will use the funds to speed up product development, creation of AI-based migration tools, and integration with cloud providers and software partners.Rival SailPoint fetched a valuation of $12.8 billion in its IPO in February.Saviynt's enterprise customers include Levi's, Kraft Heinz, Western Digital and ADS, according to its website.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST