Cerby Secures $40M Series B Funding to Revolutionize Identity Security Automation

Identity security automation startup Cerby raises $40M - SiliconANGLE

Cerby, an identity security automation startup that focuses on helping secure "unmanageable" and nonstandard apps that exist outside the normal enterprise framework, today announced it raised $40 million in a Series B funding round. The round was led by DTCP Capital with participation from existing backers including Okta Ventures, Salesforce Ventures and Two Sigma Ventures. The company previously raised $17 million in a Series A round in August 2023. Founded in 2020, Cerby automates the management of nonstandard and disconnected applications that involve credentials and authentication. The company especially assists enterprises in managing the increasing sprawl of software-as-a-service portfolios, private network apps and artificial intelligence systems that are "disconnected" or sit outside the reach of traditional identity tools. To update these systems many last-mile security workflows depend on manual issue generation, Cerby said. Still hinging on spreadsheets, ticket queues and follow-ups. This thicket of human work can create an extra layer of potential error. "Our platform brings automation to that complexity -- extending modern identity controls to any app, even the ones most tools leave behind," Belsasar Lepe, co-founder and chief executive of Cerby said. "We've built a range of automation approaches -- from UI-based workflows to advanced agentic AI, powered by our patent-pending integration engine." The company helps automate the full lifecycle of disconnected applications. It can operate with Enterprise Password Management, Identity and Access Management, Identity Governance and Administration, and Privileged Access Management systems to help customers extend protection to applications outside the reach of traditional tools. Ideally, it can do this without making it difficult for the customer. By using robotic user interface detection and integrating application programming interfaces with artificial intelligence, the platform can onboard new applications, Lepe said. The platform also provides identity and access management professionals with deep visibility and control of employee-onboarded applications. Cerby boasts several customers using its product to support their identity security automation amid the Fortune 100, including L'Oréal S.A., Fox Corp., Colgate-Palmolive Co., Dentsu Inc. and Chime Financial Inc.

Cerby Raises $40 Million to Expand Identity Security Automation Platform | PYMNTS.com

Cerby has raised $40 million in a Series B funding round to expand the capabilities and the adoption of its identity security automation platform. The company will use the new capital to expand the Cerby Application Network, continue investing in its agentic artificial intelligence capabilities and making the platform extensible, innovate its entire solution suite, and scale its go-to-market operations in North America and the Europe, Middle East and Africa (EMEA) region, according to a Wednesday (May 28) press release. "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," Cerby Co-founder and CEO Belsasar Lepe said in the release. "We're building a world where identity security is fully automated -- eliminating human error and ensuring no app is left behind." Cerby's platform automates the full identity lifecycle for disconnected applications, including credentials, authentication, lifecycle management and privileged access, according to the release. The platform helps enterprises protect their software-as-a-service, cloud, mobile and on-premises applications, per the release. It automates identity workflows across more than 2,000 applications and supports more than 100 organizations. Lance Matthews, partner at DTCP, which led the funding round, said in the release that Cerby offers "proven solutions and [a] unique platform." "The identity security industry is undoubtedly overdue for transformation -- and Cerby is leading that shift with a true platform approach," Matthews said. Identity-related suspicious activity accounts for 42% of all suspicious banking activity, with verification circumvention found to be the most reported type of fraud, according to the PYMNTS Intelligence and Intellicheck collaboration, "How FinTechs Are Fighting Identity Theft and Identity Fraud." The report found that in response to these threats, FinTechs are showing interest in investing in anti-scameducation tools (81%), document verification software (65%) and identity risk solutions (55%). In another, separate development in this space, Duna said May 6 that it raised $12.1 million in seed funding for its business identity platform that it is working to turn into a "shareable business identity" network.

Cerby Raises $40M Series B to Automate Identity Security at Scale

Round was led by DTCP with participation from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures. SAN FRANCISCO, May 28, 2025 /PRNewswire/ -- Cerby, the fastest-growing platform for identity security automation globally, has announced today a $40 million Series B funding round. The round was led by DTCP with participation from existing backers including Okta Ventures, Salesforce Ventures, and Two Sigma Ventures. As SaaS, cloud, mobile, and on-premise applications continue to proliferate, the enterprise attack surface has expanded dramatically, making the need for autonomous, scalable, state-of-the-art identity security solutions bigger than ever. Cerby is the first to automate the full identity lifecycle for disconnected applications -- from credentials and authentication to lifecycle management and privileged access. 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 can't reach. Cerby will invest the new capital to expand the Cerby Application Network in response to growing customer demand. This will include continued investment in the company's agentic AI capabilities and making the platform extensible. Cerby will also use the latest funding to further innovate its entire solution suite while scaling go-to-market operations in North America and EMEA. As part of this strategy, Cerby is 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. Belsasar Lepe, co-founder and CEO of Cerby, comments: "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." Lance Matthews, Partner at DTCP, shares: "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." Since raising its Series A less than 20 months ago, Cerby has 10x'd ARR and grown its customer base 5x. The platform now automates identity workflows across more than 2,000 applications and supports over 100 organizations worldwide. Global brands, including L'Oréal, Fox, Allstate, Chime, and Dentsu rely on Cerby's platform to automate critical security workflows across their most complex environments. Cerby is the identity automation platform purpose-built to secure disconnected applications -- those that fall outside the reach of traditional identity security tools. By integrating with existing IAM, IGA, and PAM systems, Cerby brings centralized access controls, automates manual security tasks, and extends governance across your entire application ecosystem. IT and security teams gain complete visibility and control, reducing risk and operational overhead. Founded in 2020, Cerby is backed by leading investors and trusted by global enterprises. DTCP Growth invests in leading companies with a focus on cloud-based enterprise software. The team has made over 42 investments in US, Europe, and Israel, with notable investments including Arctic Wolf Networks, Auth0 (acquired by OKTA), Guardicore (acquired by Akamai), Fastly (NYSE: FSLY), Cohere, LeanIX (acquired by SAP SE), Pipedrive (acquired by Vista Private Equity), and Signavio (acquired by SAP SE). For a full list of portfolio companies please refer to www.dtcp.capital/growth-equity "DTCP" is a trading name for companies for alternative investments as well as distribution, fund advise and service companies. The relevant legally responsible entities, which offer products or provide services to clients or the respective funds, are named in the relevant contracts, marketing documents or other product-specific information. For more information on DTCP, visit dtcp.capital. View original content to download multimedia:https://www.prnewswire.com/news-releases/cerby-raises-40m-series-b-to-automate-identity-security-at-scale-302466010.html