Identity security automation platform startup Cerby on Wednesday announced raising $40 million in a Series B funding round that brings the total raised by the company to $72.5 million.
The investment round was led by DTCP Capital. Cerby said existing investors Okta Ventures, Salesforce Ventures, and Two Sigma Ventures took expanded equity positions.
Founded in 2020, the Alameda, CA-based Cerby markets an identity security solution that helps organizations manage and automate access to disconnected applications that other security tools cannot reach.
The company said its technology automates the identity lifecycle of applications across EPM, IAM, IGA, and PAM systems, covering credentials, authentication, privileged access, provisioning, and enterprise social media, to provide organizations with full security and control.
Cerby said the platform automates identity workflows across over 2,000 applications and is used by organizations across sectors such as healthcare, manufacturing, online collaboration, retail, SaaS, streaming, telecommunications, and workplace training.
The company plans to invest the new funds in agentic AI capabilities and making its platform extensible, to meet growing customer demand. It will also invest in scaling its go-to-market operations in North America and EMEA.
Cerby says its expansion efforts will focus on European countries such as Germany, France, and the UK, as well as on strategic Middle Eastern regions.
Related: TrustCloud Raises $15 Million for Security Assurance Platform
Related: CloudSEK Raises $19 Million for Threat Intelligence Platform
Related: AppSignal Raises $22 Million for Application Monitoring Solution
