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Venture Capital News: ConductorOne Secures $12M Series A

2023-08-08
PORTLAND, OR, ConductorOne, the leader in identity security and access governance, announced today a $12 million expansion of its Series A funding, led by Felicis.
The company has witnessed substantial growth since its initial Series A funding announcement in June 2022, and is now managing access for customers including DigitalOcean, Ramp, Loom, Panther, DeepWatch, and more. These businesses leverage ConductorOne to automate and orchestrate user access to cloud apps and infrastructure through access reviews, self-service requests, just-in-time provisioning, and offboarding workflows. The additional investment will support the company's growth plans to drive the modernization of the Identity Governance and Administration (IGA) and Privileged Access Management (PAM) markets for cloud forward companies.

The extended Series A was led by Felicis and has participation from notable new angel investors including Travis McPeak (CEO and founder at Resourcely), Anna Westelius (Director of Security Engineering at Netflix), Jason Chan (Head of InfoSec at Netflix), Mark Hillick (Head of Security at Brex), Rohit Parchuri (CISO at Yext), Will Bengtson (Senior Director of Security Engineering at HashiCorp), Shubham Raj (Staff Security Engineer at Coinbase), and Tom Alcock (Founder at CodeRed Partners). All of these investors bring extensive expertise and resources that will enable ConductorOne to further strengthen its position as a market leader.

ConductorOne helps organizations secure their workforce identities through modern access controls and governance. Security and IT teams use ConductorOne to automate user access reviews, identify and remove unused access, and save time with access requests. Forward-thinking companies like DigitalOcean, Ramp Financial, Loom, Panther, and DeepWatch trust ConductorOne to achieve least privilege and ensure compliance.
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