Los Angeles-based identity security company Saviynt closed a $700M Series B at a $3B valuation, marking one of the largest infrastructure investments in the AI agent era. KKR led the round with participation from Sixth Street Growth and TenEleven, betting that identity governance represents the foundational bottleneck for enterprises deploying autonomous AI systems at scale.

The funding surge reflects an urgent enterprise reality: traditional identity management platforms designed for static human access patterns have become obsolete as organizations introduce AI agents that operate continuously, make real-time decisions, and require dynamic privilege escalation across applications and data systems.