Total amount raised
$375 Millions
Latest funding date
1/1/2023
Location
Saviynt has successfully raised significant funding through multiple rounds, with notable investors such as PNC Bank and HPS Investment Partners. The company specializes in providing cloud-first identity governance and access management solutions for businesses.
Continue reading to delve into the details of Saviynt's funding journey and the key investors supporting this innovative platform.
What Is Saviynt?
Founded in 2010, Saviynt is headquartered in El Segundo, California. The company was established by Amit Saha, Atul Vij, and Sachin Nayyar.
Saviynt specializes in providing cloud-first identity governance and access management solutions. Their platform secures critical applications, data, and infrastructure across various environments, including cloud and enterprise systems.
With a workforce of 1001-5000 employees, Saviynt continues to innovate in the field of identity management, offering comprehensive solutions to meet the evolving needs of businesses.
How Much Funding Has Saviynt Raised?
- Series A
- Amount Raised: $40M
- Date: April 2018
- Lead Investors: Carrick Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance product offerings.
- Private Equity Round
- Amount Raised: $130M
- Date: September 2021
- Lead Investors: HPS Investment Partners, PNC Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth initiatives and expand the technology partner ecosystem.
- Debt Financing
- Amount Raised: $205M
- Date: January 2023
- Lead Investors: AB Private Credit Investors’ Tech Capital Solutions group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet growing market demand and accelerate innovation.
Total Amount Raised: $375M. Current Valuation: Not publicly disclosed.
Key Investors
- PNC Bank
- Details: PNC Bank is a major American financial services corporation headquartered in Pittsburgh, Pennsylvania. It offers a wide range of services, including retail banking, corporate and institutional banking, and asset management.
- Investment Focus Areas: Banking, asset management, financial advisory.
- Notable Investments: Not publicly disclosed.
- HPS Investment Partners
- Details: HPS Investment Partners is a global investment firm that provides creative capital solutions and invests across various asset classes. The firm is known for its expertise in private equity and credit investments.
- Investment Focus Areas: Private equity, credit, real assets.
- Notable Investments: Not publicly disclosed.
- AB Private Credit Investors’ Tech Capital Solutions group
- Details: This group is part of AB Private Credit Investors, the middle market direct lending platform of AllianceBernstein. It provides a range of financing solutions for growth-stage technology companies.
- Investment Focus Areas: Technology, growth-stage companies, debt financing.
- Notable Investments: Not publicly disclosed.
- Carrick Capital Partners
- Details: Carrick Capital Partners is a private equity firm that focuses on investing in technology-enabled businesses. The firm aims to help companies scale and achieve operational excellence.
- Investment Focus Areas: Technology, healthcare, business services.
- Notable Investments: Exiger, Mavenlink, Accolade.
What's Next for Saviynt?
With the recent $205 million growth financing, Saviynt is poised to capitalize on the expanding market for cloud-native identity and access management solutions. The company aims to enhance its Enterprise Identity Cloud platform, support emerging technologies like OT and IoT, and grow its technology partner ecosystem. The increasing demand for secure, scalable, and automated identity solutions presents a significant opportunity for Saviynt to further solidify its market position.
Future fundraising opportunities seem promising, given the substantial market growth and the company's trajectory. However, Saviynt will need to navigate challenges such as competition from established players like SailPoint and Okta, and the rapid pace of technological advancements. Maintaining high customer satisfaction and continuously innovating will be crucial for sustaining its leadership in the identity management space.
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