Tuesday, September 21, 2021

Savyint Snags $130M For Identity Management

Los Angeles-based Savyint, which develops identity and access management software for the enterprise market, has raised $130M in a new financing, according to the company. The new funding came from HPS Investment Partners and PNC Bank. The company says it has now raised $170M in total capital. The company said it will use the funding to grow its investments in R&D and personnel. Savyint is led by CEO Amit Saha. The company did not say if the financing was in the form of equity or debt; the company had announced funding from Carrick Capital Partners in 2018. It's unclear if Carrick participated in this new financing effort.

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