Cerby, a rapidly growing platform for identity security automation globally, announced a $40 million Series B funding round. DTCP led the funding round with participation from existing backers, including Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.
With SaaS, cloud, mobile, and on-premise applications continuing to proliferate, the enterprise attack surface has expanded rapidly, underscoring the need for autonomous, scalable, state-of-the-art identity security solutions like never before.
Cerby is known as the first to automate the whole identity lifecycle for disconnected applications—from credentials and authentication to lifecycle management and privileged access. And it works horizontally across Enterprise Password Management (EPM), Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Privileged Access Management (PAM) systems, helping customers extend protection to the applications and user identities that traditional tools cannot reach.
Since raising a Series A round less than 20 months ago, Cerby has increased its annual recurring revenue (ARR) by 10 times and grown its customer base by 5 times. This platform now automates identity workflows across more than 2,000 applications and supports over 100 organizations worldwide.
Global brands, such as L’Oréal, Fox, Allstate, Chime, and Dentsu, depend on Cerby’s platform to automate critical security workflows across their most complex environments.
How the funding will be used: Cerby will invest the new funding to expand the Cerby Application Network in response to growing customer demand. This will also include continued investment in the company’s agentic AI capabilities and making the platform extensible. Cerby will also use the funding to innovate its entire solution suite further while scaling go-to-market operations in North America and EMEA.
As part of this strategy, Cerby is also prioritizing growth in key markets such as Germany, France, the UK., along with strategic Middle Eastern regions, where regulatory pressure and increasing enterprise complexity are accelerating demand for solutions that secure disconnected applications at scale.
KEY QUOTES:
“From day one, we’ve been laser-focused on eliminating the operational burden and security risk created by manual identity workflows—automatically, intelligently, and at scale. We’re building a world where identity security is fully automated—eliminating human error and ensuring no app is left behind.”
Belsasar Lepe, co-founder and CEO of Cerby
“We are thrilled to be partnering with Cerby to support them in this exciting new stage of growth. The identity security industry is undoubtedly overdue for transformation—and Cerby is leading that shift with a true platform approach. I am confident that together with Belsasar and the team, Cerby will be able to execute on their bold vision, continuing to build on their proven solutions and unique platform.”
Lance Matthews, Partner at DTCP
