ConductorOne, a US-based AI-native identification safety platform, has raised US$79 million in Collection B funding, bringing its complete capital raised to over US$100 million.
The spherical was led by Greycroft, with participation from CrowdStrike Falcon Fund and current buyers together with Accel and Felicis Ventures.
The corporate manages tens of millions of identities for organisations together with Zscaler, Ramp, and DoorDash.
ConductorOne unifies identification governance (IGA), identification and entry administration (IAM), and privileged entry administration (PAM) right into a single platform, aiming to deal with the rising complexity of identification safety in enterprises.
“Identification has turn out to be the primary enterprise assault floor,”
mentioned Alex Bovee, Co-founder and CEO of ConductorOne.
“The dimensions of identification sprawl is past what at the moment’s organisations and options can deal with and solely rising extra advanced. This AI-driven complexity can solely be managed with AI-native options that may scale and automate on the identical tempo.”
ConductorOne’s platform automates identification safety processes, together with entry requests, lowering IT effort by as much as 95% in response to the corporate.
It will possibly operate as a standalone resolution or combine with current legacy methods.
Deliberate developments embrace expanded AI-driven automation, enhanced dashboards, analytics, and trendy listing administration capabilities.
Featured picture credit score: Edited by Fintech Information Switzerland, based mostly on picture by Frolopiaton Palm by way of Freepik
