Saviant raises 1 trillion KRW in investment... Targeting the AI-based identity security market

Enterprise identity management software company Saviynt has secured a large-scale investment, significantly boosting its corporate valuation. With this round of funding, Saviynt’s valuation has reached approximately 31 trillion KRW, further solidifying its market position.

Saviynt recently raised $700 million (about 1.008 trillion KRW) in growth capital, led by private equity firm KKR. Other participants in this round included Sixth Street Growth, Ten Eleven, and Charic Capital Partners, with Charic making a follow-on investment as an existing investor. Saviynt founder and CEO Sachin Nayyar stated, “There is a surge in demand for secure and controllable ‘digital identities,’” and this funding enables the company to proactively meet that demand.

Saviynt’s core technology platform, “Saviynt Identity Cloud,” can automatically diagnose and manage internal user accounts and application access permissions within enterprises. Its strengths are particularly evident in identifying security vulnerabilities by starting with infrequently used accounts and precisely restricting user permissions to access sensitive systems.

Managing privileged accounts, such as administrators and executives within corporate networks, is also one of Saviynt’s main features. The platform stores account credentials with critical system access in a special vault and automatically records account usage logs, thereby enhancing security. In addition, its “just-in-time access” feature allows users to access sensitive systems only when performing specific tasks, blocking access at other times.

AI-based automation is another element that enhances the competitiveness of the Saviynt platform. This feature analyzes user activity patterns to automatically review access requests, automatically approving or denying up to 75% of requests, thereby greatly reducing the workload for IT administrators.

Moreover, Saviynt is expanding its “machine identity” capabilities, which manage non-human identities needed for interactions between applications. Recently, the company has been focusing on strengthening the security of knowledge bases or neural networks accessed by AI agents, developing features to detect and control security threats caused by excessive permissions.

Thanks to these technological strengths, Saviynt now has about 600 customers worldwide, including over 20% of the Fortune 100 companies. These enterprises manage over 100 million digital identities through the Saviynt platform.

The newly acquired funds will be invested primarily in expanding platform capabilities. In particular, plans include lowering the adoption barrier by expanding integration with major cloud and SaaS environments, and accelerating the development of AI-based migration tools to enable users to easily switch from competing products. With this round of funding, Saviynt has announced a more aggressive expansion in the identity management market, focusing on AI-driven security.