Cerby Raises $40M Series B to Automate Identity Security at Scale
Cerby to use new capital to further innovate its entire solution suite and scale operations in North America and EMEA region.
Round was led by DTCP with participation from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.
SAN FRANCISCO, May 28, 2025 /PRNewswire/ -- Cerby, the fastest-growing platform for identity security automation globally, has announced today a $40 million Series B funding round. The round was led by DTCP with participation from existing backers including Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.
As SaaS, cloud, mobile, and on-premise applications continue to proliferate, the enterprise attack surface has expanded dramatically, making the need for autonomous, scalable, state-of-the-art identity security solutions bigger than ever.
Cerby is the first to automate the full identity lifecycle for disconnected applications—from credentials and authentication to lifecycle management and privileged access. It works horizontally across Enterprise Password Management (EPM), Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Privileged Access Management (PAM) systems, helping customers extend protection to the applications and user identities that traditional tools can't reach.
Cerby will invest the new capital to expand the Cerby Application Network in response to growing customer demand. This will include continued investment in the company's agentic AI capabilities and making the platform extensible. Cerby will also use the latest funding to further innovate its entire solution suite while scaling go-to-market operations in North America and EMEA.
As part of this strategy, Cerby is prioritizing growth in key markets such as Germany, France, the UK., along with strategic Middle Eastern regions, where regulatory pressure and increasing enterprise complexity are accelerating demand for solutions that secure disconnected applications at scale.
Belsasar Lepe, co-founder and CEO of Cerby, comments: "From day one, we've been laser-focused on eliminating the operational burden and security risk created by manual identity workflows—automatically, intelligently, and at scale. We're building a world where identity security is fully automated—eliminating human error and ensuring no app is left behind."
Lance Matthews, Partner at DTCP, shares: "We are thrilled to be partnering with Cerby to support them in this exciting new stage of growth. The identity security industry is undoubtedly overdue for transformation—and Cerby is leading that shift with a true platform approach. I am confident that together with Belsasar and the team, Cerby will be able to execute on their bold vision, continuing to build on their proven solutions and unique platform."
Since raising its Series A less than 20 months ago, Cerby has 10x'd ARR and grown its customer base 5x. The platform now automates identity workflows across more than 2,000 applications and supports over 100 organizations worldwide.
Global brands, including L'Oréal, Fox, Allstate, Chime, and Dentsu rely on Cerby's platform to automate critical security workflows across their most complex environments.
Media Contact
Kekst CNC: dtcp@kekstcnc.com
About Cerby
Cerby is the identity automation platform purpose-built to secure disconnected applications—those that fall outside the reach of traditional identity security tools. By integrating with existing IAM, IGA, and PAM systems, Cerby brings centralized access controls, automates manual security tasks, and extends governance across your entire application ecosystem. IT and security teams gain complete visibility and control, reducing risk and operational overhead. Founded in 2020, Cerby is backed by leading investors and trusted by global enterprises.
Meet the Cerby team at the Identiverse conference in Las Vegas from June 3–6 at Booth #709, or book a meeting with our team to learn more.
About DTCP
DTCP is an investment management firm with $3 billion in assets under management and over 50 professionals. DTCP has offices in San Francisco, Hamburg, Frankfurt, Berlin, London, Luxembourg, and Tel Aviv.
DTCP Growth invests in leading companies with a focus on cloud-based enterprise software. The team has made over 42 investments in US, Europe, and Israel, with notable investments including Arctic Wolf Networks, Auth0 (acquired by OKTA), Guardicore (acquired by Akamai), Fastly (NYSE: FSLY), Cohere, LeanIX (acquired by SAP SE), Pipedrive (acquired by Vista Private Equity), and Signavio (acquired by SAP SE). For a full list of portfolio companies please refer to www.dtcp.capital/growth-equity
"DTCP" is a trading name for companies for alternative investments as well as distribution, fund advise and service companies. The relevant legally responsible entities, which offer products or provide services to clients or the respective funds, are named in the relevant contracts, marketing documents or other product-specific information.
For more information on DTCP, visit dtcp.capital.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cerby-raises-40m-series-b-to-automate-identity-security-at-scale-302466010.html
SOURCE Cerby
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
4 days ago
- Forbes
Multiplayer AI: The New Operating Model For Identity Security
Dr. John Pritchard is the Chief Product Officer at Radiant Logic, responsible for the company's global product vision. AI-powered deepfakes and credential attacks are rewriting the rules of cyber risk, with identity-related breaches now costing organizations an average of $4.45 million per incident and accounting for over 70% of successful attacks on enterprise infrastructure and supply chains. Despite record investments in detection and response, breaches keep making headlines. Why? I call this the identity security paradox: More technology doesn't equal protection, especially if tools—and the people and AI agents using them—don't work together. Identity is the primary attack surface in the enterprise. Most organizations built their identity security stack on a traditional combination of IAM, IGA and PAM, but the rapid proliferation of cloud apps, machine identities and AI agents outpace these traditional controls. The result? Siloed data, unmanaged privileged accounts and hidden nonhuman identities—each a potential attack vector. Gartner finds that 65% of organizations still lack IAM maturity, weighed down by technical debt and fragmented architectures. Point solutions deployed to 'fix' audit findings or compliance gaps create more complexity, not less. Attackers exploit these seams, moving laterally between systems and identities that aren't monitored holistically. CISA's Silentshield Red Team Assessment demonstrated that decentralized teams and poor communication allowed adversaries to persist undetected, even when individual groups spotted anomalies. The lesson is clear: Solo efforts—whether a lone expert, an isolated AI agent or a disconnected tool—cannot keep pace with adversaries who are increasingly agile, automated and collaborative. To close these gaps, interoperability must become the standard for tools and the people and AI agents using them. Interoperability means more than connecting dashboards or sharing alerts. It's about ensuring that identity security posture management (ISPM) and identity threat detection and response (ITDR) systems share data, context and workflows in real time, across both human and machine identities. Gartner recommends a 'system of systems' approach, built on identity fabric principles, to support zero trust and intelligent automation. This means breaking down technical and organizational silos so prevention and detection teams operate from a unified, continuously updated single source of truth for identity data—a concept Gartner identifies as foundational for modern identity security. This trusted, authoritative data layer enables faster, more accurate decisions and ensures that every team acts on the same intelligence. When ISPM and ITDR interoperate, and when human and AI teammates collaborate based on shared reference points, blind spots shrink and attackers have fewer seams to exploit. I call the next evolution in identity security: multiplayer AI—intelligent systems designed to amplify human capabilities through enhanced teamwork. Gartner predicts by 2027, 90% of successful AI implementations in cybersecurity will focus on tactical task automation and process augmentation, not full autonomy or staff replacement. Multiplayer AI enables human and AI collaboration, breaking down silos and bridging gaps between prevention and detection. AI excels at analyzing vast datasets, detecting patterns humans miss and automating repetitive processes. Critical decisions, like determining whether anomalies are a threat or false positives, still require human judgment and contextual understanding. Studies show organizations using collaborative AI models—human decisions based on AI recommendations—see faster response times, fewer security incidents and improved resilience. The key is not just technology, but teamwork: AI handles the heavy lift of data processing and pattern recognition, while humans provide creativity, ethical oversight and business context. Thankfully, the industry is moving quickly. With the meteoric rise of agentic AI, open standards like Model Context Protocol (MCP) and Agent2Agent (A2A) are enabling AI agents from different vendors, clouds and frameworks to communicate, share context and coordinate tasks securely. Technology partners including OpenAI, Microsoft and Google are already adopting these protocols, breaking down silos that limit automation's impact. For business leaders, agentic AI means specialized agents for threat detection, access management, compliance and user behavior analytics can now form ad hoc teams-automating complex workflows and adapt to new threats. By 2028, Gartner forecasts multiagent AI will account for 70% of threat detection and response implementations, primarily to augment—not replace—staff. Early adopters will see measurable results: Leveraging agent-to-agent collaboration is predicted to cut attacker dwell time in compromised environments by up to 50%, while accelerating response and reducing operational risk. When humans and AI work together, identity security becomes faster, smarter and more resilient. 1. Establish an interoperability baseline. Audit ISPM and ITDR tools for data sharing and workflow integration across human and machine identities. Ensure architectures support agent-to-agent interoperability using open standards like MCP and A2A, so specialized agents can collaborate and automate cross-vendor workflows. Set quarterly targets to reduce IAM tool integration gaps. 2. Pilot tactical AI augmentation. Start with a focused, data-driven use case, such as automated privilege review or anomaly detection. Track improvement in response time and risk reduction. 3. Build AI literacy and human oversight. Train teams on both the benefits and limits of AI, including where human verification is required in critical workflows. 4. Continuously review identity hygiene. Use AI-driven discovery to identify unused or risky accounts, but require human validation before making changes. Aim to reduce privileged account sprawl and remediate orphaned accounts as they are detected. 5. Measure what matters. Track outcome-driven metrics such as percentage reduction in excessive permissions, improvement in MFA deployment rates and decreased incident response times. For example, reducing excessive permissions by 20% and increasing MFA coverage to 95% of privileged accounts within one year. The next breach won't be stopped by just another dashboard or a new AI agent. Organizations that have achieved true interoperability across tools, teams and AI will be able to respond more accurately to security issues. Multiplayer AI and agent-to-agent collaboration will lead the blueprints for resilience in the age of AI turbulence. Start by assessing your current environment for interoperability gaps, unify your tools and teams and empower your people with AI that amplifies—not replaces—their expertise. In the high-stakes game of identity security, victory belongs to those who play as a team. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Yahoo
12-06-2025
- Yahoo
Liberty Names Beverley Devonish Store Director of London Flagship
LONDON — Liberty, which is marking 150 years in business, has named retail veteran Beverley Devonish store director of its Regent Street flagship. Devonish will be in charge of customer service, the in-store experience, and Liberty's 'commercial and cultural vision.' She will report to Liberty's managing director Sarah Coonan. More from WWD Alexa Chung, Mia Regan, Liberty Joy Trailblazer Bold Looks at Royal Academy of Arts Summer Party The Equity Studio Launches Platform Connecting Brands With Creative, Talent Agencies Burberry Showers the British Countryside With Checks in Collaboration With The Newt She has more than two decades of experience in retail, having held senior leadership roles at Harvey Nichols, Selfridges, and Dover Street Market. Liberty said her specialty is strategic transformation, cultivating creative talent, and redefining the in-store experience through immersive brand environments. 'Having spent the last year and a half developing my own creative practice, I'm thrilled to join Liberty, a brand that has long stood at the intersection of art, culture and retail innovation,' Devonish said. 'With its rich heritage and commitment to creativity, Liberty offers an incredible platform to continue shaping meaningful, client-focused experiences that celebrate individuality and craftsmanship,' she added. The store said that as a key member of the senior retail leadership team, Devonish 'will play an instrumental role in guiding strategy, fostering collaboration across departments, and upholding Liberty's legacy of excellence in visual presentation, brand storytelling, and service.' As reported, the store has been marking its anniversary with a focus on design, nature and art, with exhibitions, installations, exclusive products, and collaborations with museums, artists and design institutions. At the heart of the anniversary celebrations is the exhibition 'I Am. We Are. Liberty,' which offers visitors a glimpse into the Liberty print archive, a resource for fashion and interior designers throughout history. The exhibition is running now and will sail to Japan in August for the Expo 2025 in Osaka. Last month it unveiled The Patchwork Collective, a quilted house made from 1,500 patchwork squares. People and brands who contributed squares included Jil Sander, Paul Smith, La DoubleJ, Barbour, and Levi's. Earlier this year the store worked with the stylist and editor Leith Clark to curate a series of pieces from brands including Fornasetti, Diptyque, Max Mara, Erdem and La DoubleJ. There were also exclusive pieces from Cece Jewellery, Foundrae and Liberty Interiors. Best of WWD EXCLUSIVE: Maje Names Charlotte Tasset Ferrec CEO Nadja Swarovski Exits Family Company Amid Ongoing Corporate Shakeup Aeffe MD Exits Fashion Group
Yahoo
11-06-2025
- Yahoo
Docusign Stock Just Got Hammered. Here's Why the Market Got It Wrong and Why the Sell-Off Could Be a Buying Opportunity.
Docusign shares crashed after the company lowered its full-year billings guidance. The reason it did could actually turn out to be a long-term positive. Meanwhile, the sell-off has left the stock at an attractive valuation. 10 stocks we like better than Docusign › Docusign (NASDAQ: DOCU) shares tanked after the provider of electronic signature solutions cut its full-year guidance on billings. Billings are the total value of custom contracts signed, and are a leading indicator of future revenue growth. Despite the cut in billings guidance, I think the market is overreacting. Let's explore why. Docusign was a pandemic winner that saw steep revenue growth in 2020 and 2021. However, this growth wasn't a new normal; instead, it was a pulling forward of demand that then caused revenue growth to slow significantly. Docusign was far from the only company to experience this, as companies like Zoom Communications and Peloton Interactive also got caught in this trap. Since then, Docusign has been looking to help reinvigorate growth. It almost sold itself to go private and work on its turnaround outside of the prying eyes of the public market, but it ended up balking at the price and remained a public company. Last year, its turnaround seemed to begin gaining momentum, but with the company cutting its billing guidance, investors once again are concerned about where it's headed. Docusign now expects full-year billings in a range of $3.28 billion to $3.34 billion, down from its prior outlook of between $3.3 billion and $3.35 billion. However, it said this was largely a result of timing, not demand, noting that a change in its go-to-market strategy is impacting the timing of renewals. It added that it sees an improved and accelerating outlook for billings growth by the end of fiscal 2026 (in January 2026). The company is shifting its focus from e-signature services to a more comprehensive Intelligent Agreement Management (IAM) platform, and in the process is looking to upsell customers to IAM. It has historically seen a lot of early renewals, but with IAM, customers are taking more time to evaluate whether or not to upgrade, which in turn impacts billings. So despite the market reaction, this could actually be a positive if more customers are exploring upgrading to IAM. On this week's earnings call (for the first fiscal quarter), Docusign called IAM the fastest-growing offering in its history, as the platform surpassed 10,000 direct customers in the quarter. It expects IAM to account for a double-digit percentage of its "subscription book of business" exiting the fiscal year. It highlighted that international IAM deals were up over 50% sequentially, while the new IAM self-service channel is showing early promise with 1,000 new IAM customers added within three weeks of its launch. Overall, Docusign turned in solid fiscal Q1 results. Revenue jumped 8% from a year ago to $763.7 million, while subscription revenue also rose by 8% to $746.2 million. Professional service revenue increased by 4% to $17.5 million. Adjusted earnings per share (EPS) climbed 10% to $0.90; that easily surpassed analyst expectations for adjusted EPS of $0.81 on revenue of $748 million, as compiled by LSEG. International markets continued to lead the way with revenue growth of 10%, or 13% in constant currency. International revenue was 28% of Docusign's total revenue mix. Billings grew 4% to $740 million for the quarter. That was below prior guidance of $741 million to $751 million. The company ended the quarter with more than 1.7 million customers, an increase of 10% compared to a year ago. Large customers spending over $300,000 annually rose by 6% year over year to 1,123. Dollar net retention in the quarter was 101%, unchanged from last quarter. Docusign continues to be a strong cash flow generator. It produced $307.9 million of operating cash flow in the quarter, with free cash flow of $279.6 million. It ended the quarter with cash and investments of $1.1 billion and zero debt, after repurchasing $161.7 million worth of shares in the quarter. It also initiated a new $1 billion share repurchase program. Looking ahead, the company increased its full-year revenue and subscription revenue forecasts while lowering its billings guidance. It now expects revenue to be in the range of $3.151 billion to $3.163 billion, with subscription revenue of $3.083 billion to $3.095 billion. Below is a chart of the full-year guidance changes: Metric March 13 Guidance June 5 Guidance Revenue $3.129 billion to $3.141 billion $3.151 billion to $3.163 billion Subscription revenue $3.062 billion to $3.074 billion $3.083 billion to $3.095 billion Billings $3.3 billion to $3.354 billion $3.285 billion to $3.339 billion Data source: Docusign earnings releases. For the second fiscal quarter, the company projected revenue of $777 million to $781 million and subscription revenue of $760 million to $764 million, each representing growth of 6%. Billings are forecast to be between $757 million and $767 million, which would be growth of about 5% at the midpoint of guidance. The sell-off in Docusign stock drops its valuation to a forward price-to-earnings (P/E) ratio of just over 21 times this year's analyst estimates, and a price-to-sales (P/S) ratio of under 5. Approximately 7% of its market cap is also in cash. That's a pretty attractive valuation for a high-gross-margin software-as-a-service (SaaS) company generating a lot of cash. Of course, when it comes to tech stocks, growth often takes priority over valuation. That means investors will focus on continued momentum in revenue and billings. While the shift to IAM is impacting renewal timing and weighing on near-term billings, it should ultimately be a positive driver for long-term revenue growth. In that context, the market looks to be overreacting to Docusign's lowered billings outlook. As a result, I'd view this pullback as a buying opportunity. Before you buy stock in Docusign, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Docusign wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Geoffrey Seiler has positions in Zoom Communications. The Motley Fool has positions in and recommends Docusign, Peloton Interactive, and Zoom Communications. The Motley Fool has a disclosure policy. Docusign Stock Just Got Hammered. Here's Why the Market Got It Wrong and Why the Sell-Off Could Be a Buying Opportunity. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
