Saviynt Raises $205M; Founder Rejoins as CEO

Identity and access governance vendor Saviynt on Tuesday announced the closing of a $205 million financing round and the return of its founder Sachin Nayyar as chief executive.The latest funding brings the total raised by the California company to $375 million and provides a growth-mode runway for Saviynt to establish a foothold in a very competitive marketplace.The new $205 million round was led by AB Private Credit Investors’ Tech Capital Solutions group, an affiliate of global investmen