ConductorOne, Inc., a Portland, Ore.-based leader in identity security and access governance, raised an additional $12M in Series A funding.
The latest tranche of the round, which brought the total Series A amount to $27M, was led by Felicis with participation from participation 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).
The company intends to use the funds for growth plans to drive the modernization of the Identity Governance and Administration (IGA) and Privileged Access Management (PAM) markets for cloud forward companies.
ConductorOne provides companies with an identity security platform 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 company recently announced its Cloud Privileged Access Management (CPAM) solution. With ConductorOne CPAM, security engineering and IT teams can manage permissions and enforce policy for cloud resources in order to achieve least privilege access. The CPAM capabilities that now live within ConductorOne’s unified platform make it possible to govern sensitive access to all cloud infrastructure systems – like AWS, GCP, Azure, Snowflake – without getting in the way of productivity for technical users. The platform is used by customers including DigitalOcean, Ramp, Loom, Panther, DeepWatch, and more.
FinSMEs
08/08/2023