Cerby, an identity security automation platform, has announced the close of a $40m Series B funding round as it seeks to accelerate its expansion in global markets.
The investment was led by DTCP, with participation from existing investors including Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.
Founded in 2020, Cerby offers a cybersecurity platform focused on automating identity security for disconnected applications—those that typically fall outside the reach of traditional tools. Its solution spans multiple segments of identity security, including Enterprise Password Management (EPM), Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Privileged Access Management (PAM). Cerby enables organisations to manage the full identity lifecycle across cloud, SaaS, mobile, and on-premise applications.
The new capital will support Cerby’s plans to expand the Cerby Application Network in response to surging customer demand. The company aims to enhance its agentic AI capabilities, develop a more extensible platform, and accelerate go-to-market operations in North America and the EMEA region. Key markets for growth include Germany, France, the UK, and parts of the Middle East, where increased regulatory scrutiny is driving demand for identity automation tools.
In recent months, Cerby has seen rapid growth, with its annual recurring revenue increasing tenfold and its customer base growing by 5x. Its platform now supports over 2,000 applications and more than 100 enterprise customers, including L’Oréal, Fox, Allstate, Chime, and Dentsu.
Cerby co-founder and CEO Belsasar Lepe said, “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.”
DTCP partner Lance Matthews said, “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.”
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