Identity security provider ConductorOne has raised $79 million in a Series B funding round that brings the total raised by the company to over $110 million.
The investment round was led by Greycroft, with additional support from CrowdStrike Falcon Fund and previous investors, such as Accel and Felicis Ventures.
ConductorOne has built an AI-native platform that secures human, non-human, and AI identities across an organization’s environment, unifying IGA, IAM, and PAM in a single solution.
Combining powerful out-of-the-box connectors and automation with AI, the solution automates identity protection end-to-end, enabling least privilege at scale and providing visibility across all applications and infrastructure.
The platform centralizes visibility and control in a single solution, enabling organizations to enforce fine-grained access controls and just-in-time access, and automating user access audits across the environment.
ConductorOne’s platform can either be used as a standalone solution or deployed alongside existing legacy systems, for seamless migration operations.
The investment will allow ConductorOne to accelerate product innovation, hire new talent, and expand adoption of its solution.
The company also plans to expand its platform’s AI-driven automation and actionable dashboards and analytics capabilities, and to advance its directory management functions.
“As AI-driven application and agent development increases and enterprises wrangle with an exponential number of identities, identity management has never been more complex. ConductorOne’s AI-first approach is exactly what companies need to navigate these challenges,” said Greycroft partner Marcie Vu, who will join ConductorOne’s board.
Headquartered in San Francisco, ConductorOne was founded in 2020. Its identity management platform is used by numerous Fortune 500 and hypergrowth enterprises, including DigitalOcean, Instacart, Ramp, and Zscaler.
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