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- ConductorOne
ConductorOne Valuation, Funding & Investors
ConductorOne is valued at $353M as of October 2025.
Last ConductorOne valuation
$353M
Series B · Oct 2025
Last ConductorOne funding round
$79M
Series B · Oct 2025
Cumulative funding ConductorOne raised
$111M
across 4 funding rounds
Key investors in ConductorOne
Accel
Felicis
Fuel Capital
Active Capital
Fathom Capital
Greycroft
About ConductorOne
ConductorOne is a San Francisco-headquartered provider of an AI-native identity security platform managing human, machine, and AI identities. The solution features a Unified Identity Graph for real-time visibility across cloud, on-premises, and custom apps. Modules handle lifecycle management, just-in-time access, dynamic controls, reviews, and posture monitoring with no-code connectors, Terraform support, and agentic AI for automation. It integrates with systems like Okta, AWS, and ServiceNow.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$353M (Oct 2025)
ConductorOne Valuation
ConductorOne is currently valued at $353M, based on its Series B in October 2025.
The $79M round was led by Greycroft, with participation from Oregon Venture Fund, Operator Collective, Felicis, CrowdStrike Falcon Fund and Accel.
ConductorOne valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2025 | Series B | $353M |
ConductorOne Funding History
ConductorOne has raised a total of $111M across 4 funding rounds.
ConductorOne's first fundraising round was a $5M seed round in April 2021. The most recent completed round was a $79M Series B in October 2025.
ConductorOne funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Series B | Greycroft (lead); Oregon Venture Fund; Operator Collective; Felicis; CrowdStrike Falcon Fund; Accel | $79M | $353M | ConductorOne is the world's first AI-native identity security platform that protects human, non-human, and AI identities through centralized visibility, fine-grained access controls, just-in-time access, and automated user access reviews across apps and infrastructure. The platform features over 300 prebuilt connectors for rapid deployment, reducing IT efforts by up to 95% and accelerating time to value by 20x, serving enterprises like Zscaler, Ramp, DoorDash, DigitalOcean, and Instacart. On October 28, 2025, ConductorOne announced a $79 million Series B funding round led by Greycroft, with participation from CrowdStrike Falcon Fund, Accel, Felicis Ventures, Operator Collective, Oregon Venture Fund, and others, bringing total funding raised to over $100 million (some sources cite $110-111 million). The capital will fund product innovation including AI-driven automation, actionable dashboards, analytics, modern directory management, risk centers, and agentic management to replace legacy identity tools. The company has seen rapid enterprise expansion, managing millions of identities across its platform and expanding into Fortune 500 customers amid surging demand for AI-native solutions to handle identity sprawl in the AI era. Revenue more than tripled in the last year, though exact figures are not disclosed. Greycroft partner Marcie Vu joined the board, bringing expertise in AI and software. ConductorOne positions itself as the market leader in unifying identity governance and administration (IGA), identity and access management (IAM), and privileged access management (PAM), operating standalone or alongside legacy systems. Co-founders Alex Bovee (former Okta security executive) and Paul Querna (ScaleFT founder) emphasize customer-obsessed development to secure identities as AI accelerates complexity. |
| Aug 2023 | Series A | Felicis (lead); Anna Westelius; Jason Chan; Rohit Parchuri; Tom Alcock; William Bengtson; Travis McPeak; Mark Hillick | $12M | - | - |
| Jun 2022 | Series A | Accel (lead); Fathom Capital; Peter McKay; Garuda Ventures; Christina Cacioppo; Guy Podjarny; Fuel Capital; Active Capital | $15M | - | ConductorOne raised $15M in Series A funding on June 23, 2022, led by Accel with participation from Fuel Capital, Fathom Capital, Active Capital, Garuda Ventures, Peter McKay, Guy Podjarny, and Christina Cacioppo. The funding brought total capital raised to $20M at that time. The company launched general availability of its access reviews product to help security, IT, and GRC teams automate least privilege access control and compliance. ConductorOne provides an identity security platform focused on visibility and control for identity management, reducing manual processes and help desk tickets. The product emphasizes user-friendly automation for access reviews and least privilege goals. |
| Apr 2021 | Seed | Accel (lead); Fathom Capital; Fuel Capital; Active Capital | $5M | - | ConductorOne raised $5 million in seed funding on April 5-7, 2021, led by Accel with participation from Fuel Capital, Fathom Capital, and Active Capital. The Portland, Oregon-based company provides an identity orchestration and automation platform to streamline employee access to the cloud. The funding was used to build the platform. |
Who has invested in ConductorOne?
20 investors have backed ConductorOne across its funding rounds, including Accel, Felicis, Fuel Capital, Active Capital, Fathom Capital and Greycroft.
Lead investors include Greycroft, Felicis and Accel.
ConductorOne Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2021 | ||
| 2 | Participant | Apr 2021 | ||
| 2 | Lead | Aug 2023 | ||
| 2 | Participant | Apr 2021 | ||
| 2 | Participant | Apr 2021 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Lead | Oct 2025 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Oct 2025 | ||
This data is available for Pro users. Sign up to see all 20 ConductorOne investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialConductorOne Competitors
ConductorOne competitors include listed companies like Mitek Systems and Ivalue Infosolutions, and private ones like Noma Security, Cogent Security, Irregular and Quantifind.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $400M | - | ||
| Private | $27M | - | $327M | 12.1x | ||
| Private | - | - | $450M | - | ||
| Publicly listed | $180M | $37M | $781M | 3.7x | ||
| Publicly listed | $110M | $15M | $130M | 0.9x | ||
| Private | - | - | $350M | - |
ConductorOne Public Comps
ConductorOne is still privately-owned, but its public comps include Hennge, WebRAY Tech Group, Axgate, Datasection, Telos, FFRI Security, BTQ Technologies, Itsec Asia, Ropeok Technology Group and Vrain Solution.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $70M | $12M | 4.3x | 4.2x | 24.3x | - | |||
| $46M | ($5M) | 7.0x | - | (60.2x) | - | |||
| $35M | $4M | 10.1x | 11.3x | 95.3x | - | |||
| $216M | $27M | 1.6x | 1.6x | 12.7x | 13.0x | |||
| $165M | ($25M) | 1.6x | 1.5x | (10.6x) | 11.1x | |||
| $28M | $10M | 13.4x | 13.7x | 38.3x | - | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
| $30M | $6M | 13.3x | 10.5x | 63.6x | 38.5x | |||
This data is available for Pro users. Sign up to see all ConductorOne competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ConductorOne
| When was ConductorOne founded? | ConductorOne was founded in 2020. |
| Where is ConductorOne headquartered? | ConductorOne is headquartered in Portland, OR, United States. |
| Is ConductorOne publicly listed? | No, ConductorOne is a private, VC-backed company. |
| What is ConductorOne's valuation? | ConductorOne was last valued at $353M in its Series B in October 2025. |
| How much funding has ConductorOne raised? | ConductorOne has raised $111M across 4 funding rounds. |
| What was ConductorOne's last funding round? | ConductorOne's last funding round was a $79M Series B in October 2025, led by Greycroft. |
| Who are ConductorOne's investors? | ConductorOne's investors include Accel, Fathom Capital, Felicis, Fuel Capital, Active Capital, Oregon Venture Fund, Anna Westelius, Operator Collective, Peter McKay, Jason Chan and 10 others. |
| Which companies are comparable to ConductorOne? | Companies comparable to ConductorOne include Noma Security, Cogent Security, Irregular, Mitek Systems, Ivalue Infosolutions and Quantifind. |
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