Fundraising Fox

ConductorOne

San Francisco, US · Founded 2020 · Delaware corporation · 161 employees on LinkedIn · 8 known investors

ConductorOne provides an AI-native identity security platform designed to manage and secure modern identities—including human, non-human, and AI identities—for enterprise security and IT teams. The platform automates identity security tasks at scale to address identity management challenges in the modern workforce.

Also known as C1

Founders & leadership

ConductorOne was founded in 2020 by Paul Querna and Alexander Bovee.

PQPaul Querna
Paul QuernainCEO and Co-Founder
AB
Alexander BoveeCo-founder

Board

MV
Marcie VuBoard directorInvestor at Felicis Ventures
PLPing Li
Ping Liin𝕏Board directorPartner at Accel

Investors · 8

Also in the syndicate · 1

CrowdStrike Falcon Fund

Reported raises · per SEC filings

Form D private placements

$70M disclosed across 2 of 5 rounds · 2020–2025

$65MraisedDec 2025 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Paul QuernaExecutive Officer, Director
  • Marcie VuDirector
  • Alexander BoveeExecutive Officer, Director
  • Ping LiDirector
Offering amount
$65M
Amount sold
$65M
First sale
Sep 2025
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$5MraisedNov 2020 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Alexander BoveeExecutive Officer, Director
  • Paul QuernaDirector
Offering amount
$5M
Amount sold
$5M
First sale
Nov 2020
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

ConductorOne, which markets its product under the name C1, builds an identity security platform intended to give enterprises visibility into and control over every identity in their environment — employees, contractors, service accounts, OAuth tokens, API keys, and AI agents. The platform unifies capabilities that have traditionally been split across identity governance and administration (IGA), identity and access management (IAM), and privileged access management (PAM) into a single solution, centralizing access visibility, enforcing fine-grained and just-in-time access controls, and automating user access reviews across applications and infrastructure [3][4].

The company positions the product as a control plane for what it calls the agentic enterprise. Advertised components include an identity security platform with a unified directory and built-in compliance automation, an AI Access Gateway that applies policy and data controls to agent actions, an "Agentic Vault" described as a post-quantum vault for agent credentialing and service accounts, and C1 Autonomous Worker (C1AW), described as AI agents that perform work under enforced access controls. Use cases marketed range from shadow AI discovery and credential security to agent runtime governance and AI-native identity governance [0]. ConductorOne states the platform can be deployed standalone or alongside existing legacy identity systems to support migration [3].

Earlier positioning emphasized automating the full access lifecycle — onboarding, offboarding, and time-based access — to move customers toward least-privilege access control, using out-of-the-box integrations with services such as Okta, GitHub, Slack, Datadog, and Jira, while remaining compatible with any corporate directory [5]. The company also publishes developer documentation, SDKs for Go and TypeScript, a Terraform provider, an API, and a "C1 Academy" educational content hub covering AI access management, MCP, and agent authorization topics [1][2].

Founding story

ConductorOne was founded in 2020 by Alex Bovee (CEO) and Paul Querna (CTO), both of whom previously worked at Okta, where they were responsible for authentication and zero-trust products. According to the founders, they observed firsthand that organizations struggled to manage permissions and access across environments mixing cloud applications with on-premises systems, and that provisioning was frequently done manually or not at all — leading either to underprovisioning that blocked users or overprovisioning that left access in place for people who had departed. They left Okta to build a company focused on automating how access is granted, retained, and revoked in order to bring least-privilege access control to enterprises [5][6].

Business model

ConductorOne sells a B2B SaaS identity security platform to enterprises, characterized by third-party profiles as a B2B SaaS model [7]. The platform is offered as a quick-to-deploy product that connects to customers' applications and infrastructure and can be used standalone or alongside existing legacy identity systems [3][4].

Sources describe ConductorOne as a B2B SaaS vendor selling an enterprise platform, but do not disclose pricing, contract structure, or revenue figures [7].

Traction

ConductorOne reports its platform is used by numerous Fortune 500 and hypergrowth enterprises, including DigitalOcean, Instacart, Ramp, and Zscaler [3][4]. Its website publishes customer testimonials from named individuals at DigitalOcean and Zscaler among others [0]. Total capital raised exceeds $100 million following the October 2025 Series B [3][4]. Headcount was 17 at the time of the June 2022 Series A, with plans to double by year end [5].

Latest developments

On October 28, 2025, ConductorOne announced a $79 million Series B led by Greycroft with participation from CrowdStrike Falcon Fund and existing investors Accel and Felicis Ventures; Greycroft partner Marcie Vu joined the board. The company said proceeds would fund product innovation, hiring, and adoption, with planned investment in AI-driven automation, dashboards and analytics, and directory management capabilities [3][4][7]. The company is also promoting a customer event, C1 Transform 2026, and markets newer agentic-AI products including an AI Access Gateway, an Agentic Vault, and C1 Autonomous Worker [0].

Full profile — market position, technology, go-to-market, geography, history

Market position

ConductorOne describes itself as the first AI-native identity security platform covering human, non-human, and AI identities, and unifies IGA, IAM, and PAM functions in one product. Its founders frame it as solving a different problem than Okta, which they characterize as centralizing corporate users in a directory, whereas ConductorOne focuses on visibility into all identities and their permissions regardless of SSO connection. Its platform is reported to be used by Fortune 500 and hypergrowth enterprises [3][4][5].

The company differentiates on an AI-native architecture that covers human, non-human, and AI agent identities in one platform, unifying IGA, IAM, and PAM rather than requiring separate tools; on breadth of out-of-the-box connectors (300+ apps, 3,000+ MCPs) including legacy and on-premises systems; on deployment either standalone or alongside legacy identity systems for migration; and on an orchestration- and visibility-first architecture that inventories identities and their permissions independent of the customer's SSO or directory. Customer quotes on the company site cite customizability and automation without manual inputs [0][3][4][5].

Technology

The platform connects to customer systems through pre-built connectors — the company's site cites 300+ application connectors and 3,000+ MCPs out of the box — covering SaaS, on-premises, and legacy systems, with named integrations including Okta, AWS, Salesforce, Slack, GitHub, Snowflake, Azure, Google Workspace, Notion, Zoom, Claude, Google Cloud, Cursor, Microsoft Entra, GitLab, NetSuite, and ServiceNow; custom connectors can also be built. Architecturally the company describes an orchestration- and visibility-first approach that maps identities, permissions, roles, and the data those identities can reach, rather than acting as a central directory/SSO. Stated technical components include an identity-aware gateway for MCP and AI agent traffic with auditing of tool calls, a post-quantum credential vault, just-in-time access controls, and a unified identity graph powered by AI. Developer surface area includes Go and TypeScript SDKs, a Terraform provider, a Postman integration, and a public API [0][1][5][7].

Go-to-market

The company markets directly to enterprise security, IT, and GRC teams through demo requests on its website, published customer stories, developer documentation, a content/education hub (C1 Academy), and a user conference, C1 Transform 2026. Access workflows are delivered inside tools employees already use, including Slack, Microsoft Teams, and the CLI [0][1][2]. Investor funding is earmarked in part for expanding adoption and hiring [3].

Enterprise security, IT, GRC, and infrastructure teams at Fortune 500 and high-growth technology companies. Named customers include DigitalOcean, Instacart, Ramp, and Zscaler [3][4], with an earlier profile also listing Shippo, Panther, Loom, Policygenius, Revizto, and StreamNative [6].

Geography

Headquartered in San Francisco, California [3][4]. One third-party profile lists the headquarters as Portland, Oregon [6]. No other office locations are disclosed in the sources.

History

The company was founded in 2020 and raised a $5 million seed round led by Accel in 2021, followed by a $15 million Series A announced on June 23, 2022, also led by Accel, with participation from existing investors Fuel Capital, Fathom Capital, and Active Capital, plus industry angels. At the time of the Series A the company had 17 employees and planned to double headcount by the end of that year. On October 28, 2025, ConductorOne announced a $79 million Series B led by Greycroft with participation from CrowdStrike Falcon Fund and existing investors Accel and Felicis Ventures, bringing total capital raised to more than $100 million (reported by one source as over $110 million). Greycroft partner Marcie Vu joined the board in connection with the round [3][4][5][7]. Product positioning has shifted over time from access-request and access-review automation toward governance of AI agents and non-human identities [0][3][5].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
App connectorsJan 2026300 connectors
EmployeesJun 202217 people
HeadcountAug 2026161
MCPs supported out-of-the-boxJan 20263,000 MCPs
Total capital raisedOct 2025$100M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Okta39 shared keywordsOkta provides identity and access management products designed to protect the identities of workforce and customer users. The company serves enterprises and organizations that need to manage identity authentication and authorization across digital environments.
strongDM37 shared keywordsStrongDM provides privileged access management and identity governance for infrastructure across cloud, on-premises, and hybrid environments. The platform centralizes access control, enforces zero standing privileges, and enables just-in-time provisioning for teams managing critical systems.
Lumos30 shared keywordsLumos builds autonomous security systems that protect companies' access and identity infrastructure in an AI-first world. The platform helps security and IT teams govern access permissions for organizations ranging from fast-scaling brands to enterprises with over 100,000 employees.
Zluri29 shared keywordsZluri provides an identity security platform built on IRIS, a real-time identity intelligence layer that discovers, analyzes, and governs human and non-human identities and their access across enterprise systems. It offers identity visibility, cross-system access mapping, governance, lifecycle automation, and access orchestration for enterprises.
Netezza28 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Apono27 shared keywordsApono provides an access management platform that replaces standing privileges by granting scoped, just-in-time access at runtime and automatically revoking it. It covers human users, machines, and AI agents across cloud and hybrid infrastructure.
SecurEnds25 shared keywordsSecurEnds provides a unified platform combining identity governance, vendor risk management, cloud compliance, and access reviews to help organizations manage access, assess risk, and generate audit-ready evidence. It serves security and compliance teams looking to consolidate disconnected tools into a single control layer.
miniOrange21 shared keywordsminiOrange builds identity security and data privacy products, including IAM, PAM, IGA, and ITDR, along with device management, security plugins for platforms like WordPress, Atlassian, Drupal, and Shopify, and consent/cookie management for DPDP and GDPR compliance. It also offers AI agent and non-human identity security plus security services such as penetration testing and code analysis for hybrid environments.
Cloudeagle21 shared keywordsCloudEagle.ai is a SaaS management platform that gives enterprises a single command center to discover, secure, govern, and optimize their SaaS and AI applications, identities, access, licenses, and renewals. It serves IT, security, and procurement teams with tools for spend optimization, procurement workflows, access governance, and identity lifecycle management.
Rippling21 shared keywordsRippling is a workforce management platform that unifies HR, IT, finance, and employee data across a business. It integrates with 600+ applications to help organizations operate more efficiently.

Companies competing with ConductorOne for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Jan 2026
C1 Transform 2026 announced

ConductorOne's website announces C1 Transform 2026, an event customers can request to join.

source ↗

Oct 2025
$79 million Series B led by Greycroft

Series B led by Greycroft with participation from CrowdStrike Falcon Fund and existing investors Accel and Felicis Ventures, bringing total raised to more than $100 million. Funds earmarked for product innovation, hiring, and adoption.

$79M source ↗

Oct 2025
Greycroft partner Marcie Vu joins the board

In connection with the Series B, Greycroft partner Marcie Vu joined ConductorOne's board of directors.

source ↗

Jun 2022
$15 million Series A led by Accel

Series A led by Accel with participation from existing investors Fuel Capital, Fathom Capital and Active Capital, plus industry angels; company had 17 employees at the time.

$15M source ↗

Jan 2021
Seed round of $5 million led by Accel

ConductorOne raised a $5 million seed round led by Accel to automate access requests.

$5M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
ConductorOneDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does ConductorOne do?
ConductorOne (C1) sells an AI-native identity security platform governing human, non-human, and AI agent access.
Who founded ConductorOne?
ConductorOne was founded by Paul Querna, Alexander Bovee in 2020.
Who are ConductorOne's investors?
ConductorOne's investors include Accel, Felicis Ventures, Garuda Ventures, Glynn Capital Management, Greycroft, Oregon Venture Fund, Operator Collective.
How much funding has ConductorOne raised?
ConductorOne has disclosed $70M raised across 2 of its 5 known rounds.
Where is ConductorOne headquartered?
ConductorOne is headquartered in San Francisco, US.