Cerby Secures $40 Million Funding to Enhance Identity Security Automation
Cerby has successfully raised $40 million in a Series B funding round, aiming to expand its identity security automation platform’s capabilities and adoption. The new capital will be used to enhance the Cerby Application Network, invest in agentic artificial intelligence capabilities, and make the platform more extensible. Additionally, Cerby plans to innovate its entire solution suite and scale its go-to-market operations in North America and the Europe, Middle East and Africa (EMEA) region.
“We’ve been focused on eliminating the operational burden and security risk created by manual identity workflows — automatically, intelligently, and at scale,” said Cerby Co-founder and CEO Belsasar Lepe. “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. It helps enterprises protect software-as-a-service, cloud, mobile, and on-premises applications. The platform supports identity workflows across over 2,000 applications and more than 100 organizations.
Lance Matthews, partner at DTCP, which led the funding round, praised Cerby’s “proven solutions and unique platform.” He noted, “The identity security industry is overdue for transformation — and Cerby is leading that shift with a true platform approach.”
The move comes as identity-related suspicious activity accounts for 42% of all suspicious banking activity, with verification circumvention being the most reported type of fraud. In response, FinTechs are investing in anti-scam education tools, document verification software, and identity risk solutions.
