Cerby Secures $40M Series B: Automating Identity Security, One App at a Time!
Cerby, the identity security automation platform startup, raised $40 million in Series B funding led by DTCP Capital. With a total of $72.5 million now secured, Cerby plans to boost its agentic AI capabilities and expand operations across North America, Europe, and the Middle East.
Hot Take:
Cerby is practically building the security equivalent of a Swiss Army knife, one that’s part robot, part magician, and all about keeping those pesky cyber threats at bay. With a cool $40 million infusion, they’re clearly planning to build a digital fortress so impenetrable, even Houdini would struggle to escape. Their investors must be feeling like proud parents at a spelling bee – just hoping their ‘Cerby’ spells “cybersecurity champion.”
Key Points:
- Cerby, an identity security automation platform, raised $40 million in Series B funding.
- The funding round was led by DTCP Capital, with existing investors also expanding their stakes.
- Cerby automates identity management for over 2,000 applications across diverse sectors.
- The funds will be used to enhance AI capabilities and expand operations in North America and EMEA.
- European expansion focuses on Germany, France, and the UK, with strategic moves in the Middle East.
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