Greycroft, Accel, Felicis, and CrowdStrike Falcon Fund back ConductorOne’s mission to secure the workforce as AI drives an explosion of identity complexity across the enterprise

SAN FRANCISCO–(BUSINESS WIRE)–ConductorOne, the world’s first AI-native identity security platform, today announced $79M in Series B funding, bringing total capital raised to more than $100 million to date. The round was led by Greycroft with participation from strategic investor CrowdStrike Falcon Fund and existing investors Accel, Felicis Ventures, and others.

“The AI era has fundamentally reshaped identity security. The scale of identity sprawl is beyond what today’s organizations and solutions can handle and only growing more complex,” said Alex Bovee, Co-founder and CEO of ConductorOne.Share

ConductorOne’s rapid enterprise expansion and latest funding establish the company as the clear market leader as organizations replace fragmented legacy tools with a modern, AI-native platform built to secure every identity—human, non-human, and AI. The company manages millions of identities across its platform and is trusted by Fortune 500 and hypergrowth enterprises including Zscaler, Ramp, and DoorDash, reflecting the surge in customer adoption of AI-native identity solutions.

Identity has become the number one enterprise attack surface, with 82 percent of organizations experiencing a cyberattack or breach in the past year due to improper access or over-privileged users¹. AI is pushing identity counts to levels legacy systems were never designed to handle, fueling a surge 100x today’s scale. Traditional IGA, IAM, and PAM solutions, often cobbled together from point products with bolted-on AI, cannot keep pace.

ConductorOne was built AI-native from day one, unifying IGA, IAM, and PAM into a single platform to transform how identity is secured in the modern workforce. With powerful connectors and automation and AI at its core, the platform delivers stronger security and meaningful productivity gains, enabling true least privilege at scale. The platform automates identity security end to end, eliminating the manual work traditionally required—doing the work of two full-time employees and driving a 95% reduction in IT effort for access requests.

“The AI era has fundamentally reshaped identity security. The scale of identity sprawl is beyond what today’s organizations and solutions can handle and only growing more complex,” said Alex Bovee, Co-founder and CEO of ConductorOne. “This AI-driven complexity can only be managed with AI-native solutions that can scale and automate at the same pace. This funding supports our mission to build the first AI-native identity security platform that secures every identity—human, non-human, and AI—so companies can move faster, safer.”

ConductorOne will use the funding to accelerate product innovation, expand adoption across the enterprise, grow its world-class team, and continue delivering exceptional support and outcomes for its customers. Planned product advancements include expanded AI-driven automation, actionable dashboards and analytics, and modern directory management capabilities. The platform can operate as a comprehensive standalone solution or operate with existing legacy systems side-by-side to solve new pain points and gradually migrate operations.

Marcie Vu, Partner at Greycroft, will be joining the board of ConductorOne, bringing over 25 years of strategic and financial advisory expertise in the AI, software, and technology sectors to support Alex, Paul Querna, Co-founder and CTO, and the ConductorOne team.

“As AI-driven application and agent development increases and enterprises wrangle with an exponential number of identities, identity management has never been more complex,” said Vu. “ConductorOne’s AI-first approach is exactly what companies need to navigate these challenges. With Alex and Paul’s deep identity domain expertise and ConductorOne’s customer-obsessed culture, this team is uniquely positioned to take on this massive opportunity.”

“I’ve had experience with legacy vendors in this space and it’s a night and day difference—in the way you can use the product, in the onboarding time, in the time to value, and how you’re treated as a customer,” said Matthew Sullivan, Infrastructure Security Team Leader at Instacart.

About ConductorOne

ConductorOne is the first AI-native identity security platform that protects every identity: human, non-human, and AI. Using a broad base of out-of-the-box connectors, powerful automation, and platform-level AI capabilities, it centralizes identity and access visibility, enforces fine-grained access controls, enables just-in-time access, and automates user access reviews across all apps and infrastructure. Organizations can efficiently and securely manage the entire lifecycle of identities and streamline compliance tasks—all from a single, quick-to-deploy platform. ConductorOne is easy to use, connects to all of your apps, and is AI powered—we make securing identity effortless regardless of environmental complexity. ConductorOne is trusted by forward-thinking enterprises like DigitalOcean, Instacart, Ramp, and Zscaler. For more information, visit conductorone.com.

¹ConductorOne 2025 Future of Identity Security Report, May 2025.

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