Saviynt on Tuesday announced raising $700 million in a Series B growth equity funding round that values the identity security company at roughly $3 billion. Saviynt previously raised $40 million in 2018, $130 million in 2021, and $205 million in 2023. The company’s latest funding was led by global investment giant KKR, with participation from Sixth Street Growth, TenEleven, and Carrick Capital Partners. Saviynt has developed an AI-powered platform designed for managing and securing human, non-human, and AI agent identities across applications, data, and infrastructure. The platform provides identity management and governance (IGA), application access governance (AAG), privileged access management (PAM), and identity security posture management (ISPM) capabilities. The new investment will…