Cerby, an identity security automation platform startup, has raised $40 million in a Series B funding round to expand its AI capabilities and regional reach. The company’s platform automates identity management across thousands of applications for organizations in various sectors, enhancing security and control. #Cerby #IdentitySecurity #SeriesBFunding
Keypoints
- Cerby raised $40 million in a Series B funding round led by DTCP Capital.
- The company automates identity management across over 2,000 applications for diverse sectors.
- Existing investors like Okta Ventures and Salesforce Ventures increased their equity stakes.
- Funds will be used to enhance AI capabilities and extend platform scalability.
- Cerby plans regional expansion into Europe and the Middle East, focusing on countries like Germany, France, and the UK.
Read More: https://www.securityweek.com/cerby-raises-40-million-for-identity-automation-platform/