Saviynt, a provider of cloud-first identity governance and access management solutions for enterprises, has announced that it has secured $205 million in the latest growth funding from AB Private Credit Investors’ Tech Capital Solutions Group.
Additionally, the company welcomes founder Sachin Nayar (former CEO from 2011 to 2018) as its new Chief Executive Officer. After leaving Saviynt, Sachin launched another cybersecurity company, which he named Securonix, and in 2022, he earned over $1 billion.
Saviynt helps enterprises secure their data, applications and infrastructure with a single cloud-hosted identity management platform and use the raised capital to grow their partner ecosystem and build new capabilities .
The company will use the funding to meet the growing demand for a unified identity platform and drive innovation across identity management.