Saviynt, a leading identity security company, has announced a US$700 million Series B Growth Equity Financing at a valuation of approximately US$3 billion. Funds managed by KKR, a leading global investment firm, led the round with participation from Sixth Street Growth and TenEleven, as well as new funding from existing Series A investor Carrick Capital Partners. The multi-firm investment underscores a shared conviction that identity management is the foundational infrastructure for organizations deploying AI at scale.
Latham & Watkins LLP represents Carrick Capital Partners in the transaction with a corporate deal team led by Bay Area partners Chad Rolston and Alex Kassai and Boston counsel Naomi Smith, with associates Ryan Baker, Sally Gu, and Alex Bogdon. Advice was also provided on tax matters by Bay Area partner Katharine Moir; on compensation and benefits matters by Los Angeles/Bay Area partner Julie Crisp; and on antitrust matters by Bay Area partner Kelly Fayne and New York/Washington, D.C. counsel Jamie Sadler.
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