ConductorOne, a US-based AI-native identity security platform, has raised US$79 million in Series B funding, bringing its total capital raised to over US$100 million.
The round was led by Greycroft, with participation from CrowdStrike Falcon Fund and existing investors including Accel and Felicis Ventures.
The company manages millions of identities for organisations including Zscaler, Ramp, and DoorDash.
ConductorOne unifies identity governance (IGA), identity and access management (IAM), and privileged access management (PAM) into a single platform, aiming to address the growing complexity of identity security in enterprises.
“Identity has become the number one enterprise attack surface,”
said Alex Bovee, Co-founder and CEO of ConductorOne.
“The scale of identity sprawl is beyond what today’s organisations and solutions can handle and only growing more complex. This AI-driven complexity can only be managed with AI-native solutions that can scale and automate at the same pace.”
ConductorOne’s platform automates identity security processes, including access requests, reducing IT effort by up to 95% according to the company.
It can function as a standalone solution or integrate with existing legacy systems.
Planned developments include expanded AI-driven automation, enhanced dashboards, analytics, and modern directory management capabilities.
Featured image credit: Edited by Fintech News Switzerland, based on image by Frolopiaton Palm via Freepik
