ConductorOne Raises $15M in Series A Funding
ConductorOne, a Portland, OR-based identity security company, raised $15M in Series A funding. The round was led by Accel with participation from Fuel Capital, Fathom Capital, Active Capital, Garuda Ventures, Peter McKay & Guy Podjarny, Cristina Cacioppo, and Jack Naglieri. The company intends top use the funds to accelerate growth and expand operations. Led by Alex Bovee, CEO, and Paul Querna, CTO, ConductorOne provides an identity security platform that automates least privilege and compliance (such as SOC2, SOX, etc), while simultaneously reducing an organization’s identity risk posture. The system automates access reviews and permissions management so organizations can meet compliance requirements easily, reduce the risk associated with identity and credential misuse, and save time in the process. The company works alongside a client’s identity platform, cloud SaaS and IaaS applications, and HR systems to orchestrate access changes and automate compliance.