Identity security company Saviynt has completed a $700 million financing round, with a valuation approaching $3 billion.

On December 9, identity security company Saviynt announced the completion of a $700 million Series B growth equity financing, valuing the company at nearly $3 billion. This round of financing was led by funds managed by KKR, followed by Sixth Street Growth and TenEleven. Existing investor Carrick Capital Partners also participated. (Jiemian)