Cerby Secures $40 Million in Series B Funding to Expand Identity Security Automation Solutions
Cerby, a leader in identity security automation, announced a significant milestone today by securing $40 million in its Series B funding round. Led by investment firm DTCP, this funding also saw contributions from notable investors such as Okta Ventures, Salesforce Ventures, and Two Sigma Ventures. The newly acquired capital will enable Cerby to enhance its existing suite of solutions and extend its operations within North America and the EMEA regions.
In an era where SaaS, cloud, mobile, and other applications are proliferating at an unprecedented rate, Cerby recognizes the critical necessity for robust identity security solutions. As enterprises grapple with an ever-expanding attack surface, the demand for automated and scalable identity security becomes increasingly paramount. Cerby has stepped up to the challenge by automating the entire identity lifecycle for applications that cannot be easily integrated with traditional systems. This includes managing everything from credentials and authentication to lifecycle management and privileged access.
Cerby's innovative approach bridges gaps that common security tools frequently overlook, providing comprehensive protection across its various systems: Enterprise Password Management (EPM), Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Privileged Access Management (PAM). With the new capital, Cerby plans to expand its Cerby Application Network to meet the burgeoning needs of its customer base while continuing to invest in its AI capabilities to enhance platform extensibility.
The company aims to accelerate its growth in key international markets, particularly Germany, France, and the UK, as well as strategic locations in the Middle East. These regions are witnessing intensified demand for solutions that can secure disconnected applications, driven by both regulatory pressures and increasing complexities within enterprise environments.
Belsasar Lepe, co-founder and CEO of Cerby, stated, "From the very beginning, our objective has been clear: to alleviate the operational load and security risks associated with manual identity workflows. We strive to achieve full automation in identity security to eliminate human errors while ensuring every application is securely managed."
Lance Matthews, a partner at DTCP, expressed his enthusiasm for partnering with Cerby at this pivotal moment: "The identity security landscape is ripe for change, and Cerby is at the forefront of this transformation with its unique platform approach. We're excited to support Belsasar and his team in executing their bold vision while continuing to build on their established solutions."
Since its previous funding round less than two years ago, Cerby has seen remarkable growth. Its Annual Recurring Revenue (ARR) has increased tenfold, and its customer base has expanded five times. The platform is currently automating identity workflows across over 2,000 applications, with more than 100 organizations worldwide utilizing its services.
Cerby’s innovative identity automation platform is designed specifically to secure applications that fall outside the scope of conventional identity security solutions. By integrating seamlessly with existing IAM, IGA, and PAM systems, Cerby offers centralized access controls, automates tedious security processes, and enhances governance throughout an organization’s application ecosystem. The benefits are evident: security and IT teams gain greater visibility and control, effectively minimizing risks and cutting down on operational complexities.
Founded in 2020, Cerby has quickly established itself as a trusted ally for global enterprises, including such prominent names as L'Oréal, Fox, Allstate, Chime, and Dentsu, who rely on its platform to automate vital security processes within intricate environments.
To learn more about Cerby and its innovative identity security solutions, attendees can visit the Cerby team at the Identiverse conference, taking place in Las Vegas from June 3 to June 6, where they will be showcasing their advancements at Booth #709. Customers and partners interested in discussing their unique identity security needs can also schedule meetings with the Cerby team during the event.
In conclusion, with the new funding in hand, Cerby is well-positioned to innovate and expand its market footprint in the rapidly evolving identity security landscape. Its commitment to automation, intelligence, and scalable solutions is set to redefine how enterprises manage identity in an increasingly disconnected world.
In an era where SaaS, cloud, mobile, and other applications are proliferating at an unprecedented rate, Cerby recognizes the critical necessity for robust identity security solutions. As enterprises grapple with an ever-expanding attack surface, the demand for automated and scalable identity security becomes increasingly paramount. Cerby has stepped up to the challenge by automating the entire identity lifecycle for applications that cannot be easily integrated with traditional systems. This includes managing everything from credentials and authentication to lifecycle management and privileged access.
Cerby's innovative approach bridges gaps that common security tools frequently overlook, providing comprehensive protection across its various systems: Enterprise Password Management (EPM), Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Privileged Access Management (PAM). With the new capital, Cerby plans to expand its Cerby Application Network to meet the burgeoning needs of its customer base while continuing to invest in its AI capabilities to enhance platform extensibility.
The company aims to accelerate its growth in key international markets, particularly Germany, France, and the UK, as well as strategic locations in the Middle East. These regions are witnessing intensified demand for solutions that can secure disconnected applications, driven by both regulatory pressures and increasing complexities within enterprise environments.
Belsasar Lepe, co-founder and CEO of Cerby, stated, "From the very beginning, our objective has been clear: to alleviate the operational load and security risks associated with manual identity workflows. We strive to achieve full automation in identity security to eliminate human errors while ensuring every application is securely managed."
Lance Matthews, a partner at DTCP, expressed his enthusiasm for partnering with Cerby at this pivotal moment: "The identity security landscape is ripe for change, and Cerby is at the forefront of this transformation with its unique platform approach. We're excited to support Belsasar and his team in executing their bold vision while continuing to build on their established solutions."
Since its previous funding round less than two years ago, Cerby has seen remarkable growth. Its Annual Recurring Revenue (ARR) has increased tenfold, and its customer base has expanded five times. The platform is currently automating identity workflows across over 2,000 applications, with more than 100 organizations worldwide utilizing its services.
Cerby’s innovative identity automation platform is designed specifically to secure applications that fall outside the scope of conventional identity security solutions. By integrating seamlessly with existing IAM, IGA, and PAM systems, Cerby offers centralized access controls, automates tedious security processes, and enhances governance throughout an organization’s application ecosystem. The benefits are evident: security and IT teams gain greater visibility and control, effectively minimizing risks and cutting down on operational complexities.
Founded in 2020, Cerby has quickly established itself as a trusted ally for global enterprises, including such prominent names as L'Oréal, Fox, Allstate, Chime, and Dentsu, who rely on its platform to automate vital security processes within intricate environments.
To learn more about Cerby and its innovative identity security solutions, attendees can visit the Cerby team at the Identiverse conference, taking place in Las Vegas from June 3 to June 6, where they will be showcasing their advancements at Booth #709. Customers and partners interested in discussing their unique identity security needs can also schedule meetings with the Cerby team during the event.
In conclusion, with the new funding in hand, Cerby is well-positioned to innovate and expand its market footprint in the rapidly evolving identity security landscape. Its commitment to automation, intelligence, and scalable solutions is set to redefine how enterprises manage identity in an increasingly disconnected world.
Topics Business Technology）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.