Aug 22, 2023

Cerby , an Alameda, CA-based provider of an access management platform for nonstandard applications, raised $17M in Series A funding. The round, which brought the total amount to to $32.5M, was led by Two Sigma Ventures with participation from Outpost Ventures, an investment platform of Neuberger Berman, Ridge Ventures, Founders Fund, Bowery Capital, AV8, Salesforce Ventures, Tau Ventures, Okta Ventures, Incubate Fund, and Ben Johnson, co-founder of Obsidian Security and Carbon Black. The company intends to use the funds to scale its go-to-market efforts, including expanding sales and marketing efforts, accelerate innovation of its access management solution for nonstandard applications, continue investing in The company intends to use the funds to scale go-to-market efforts, including expanding sales and marketing efforts; accelerating innovation of its access management solution for nonstandard applications; further building on customer momentum and industry research; continue investing in generative AI to enhance development speed and maintenance of integrations; and enhance international teams and customers with additional support. Founded in 2020 by Belsasar (Bel) Lepe, CEO, Cerby provides identity teams with the comprehensive access management platform for nonstandard applications. It works to remove manual tools and compensating controls (like enterprise password managers) by automating human security tasks based on single sign-on and lifecycle management cues from upstream identity providers. This allows Cerby to protect any application independent of standards support. Its patent-pending access orchestration engine makes passwordless authentication an immediate reality for nonstandard applications. With it, identity teams can extend access, minimize risk, and lower costs. Since 2022, the platform has enabled clients like L’Oréal, Fox, Colgate-Palmolive, Dentsu, and Televisa to detect nonstandard apps and guide business users to more secure alternatives. FinSMEs 22/08/2023