Cerby Raises $40M Series B to Automate Identity Security at Scale
Rhea-AI Summary
Cerby, a leading identity security automation platform, has secured a $40 million Series B funding round led by DTCP, with participation from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures. The company plans to use the funding to expand its Cerby Application Network and scale operations in North America and EMEA regions.
Since its Series A round 20 months ago, Cerby has achieved remarkable growth, including a 10x increase in ARR and a 5x growth in customer base. The platform currently automates identity workflows across over 2,000 applications and supports more than 100 organizations worldwide, including major brands like L'Oréal, Fox, Allstate, Chime, and Dentsu.
Cerby's platform uniquely automates the full identity lifecycle for disconnected applications, working across Enterprise Password Management, Identity and Access Management, Identity Governance and Administration, and Privileged Access Management systems.
Positive
- 10x increase in ARR and 5x growth in customer base in less than 20 months
- Secured $40M Series B funding from prominent investors including DTCP, Okta Ventures, and Salesforce Ventures
- Platform supports over 100 organizations and 2,000 applications worldwide
- Strong customer base including major brands like L'Oréal, Fox, Allstate, Chime, and Dentsu
Negative
- None.
News Market Reaction
On the day this news was published, FSLY declined 0.95%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Cerby to use new capital to further innovate its entire solution suite and scale operations in
North America and EMEA region. - Round was led by DTCP with participation from 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
As part of this strategy, Cerby is prioritizing growth in key markets such as
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.
Media Contact
Kekst CNC: dtcp@kekstcnc.com
About Cerby
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.
Meet the Cerby team at the Identiverse conference in
About DTCP
DTCP is an investment management firm with
DTCP Growth invests in leading companies with a focus on cloud-based enterprise software. The team has made over 42 investments in US,
"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.
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SOURCE Cerby
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