- Companies
- Cerby
Cerby Funding, Investors & Competitors
Cerby has raised $127M across 5 funding rounds, most recently a $54M Series B in September 2025.
Last Cerby funding round
$54M
Series B · Sep 2025
Cumulative funding Cerby raised
$127M
across 5 funding rounds
Key investors in Cerby
Bowery Capital
Salesforce Ventures
Two Sigma Ventures
Ridge Ventures
Okta Ventures
Alumni Ventures
Global Founders Capital
Founders Fund
About Cerby
Cerby is a San Francisco-headquartered identity automation platform that governs access to non-standard SaaS applications and legacy systems. Founded in 2020, it automates onboarding, offboarding, and access reviews by integrating with Okta, SailPoint, and CyberArk. Trusted by enterprises like Cloudera and Box, Cerby's connectors span over 200 apps, providing visibility into shadow IT and enforcing least-privilege principles.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Cerby Funding History
Cerby has raised a total of $127M across 5 funding rounds.
Cerby's first fundraising round was a $4M pre-seed round in September 2020. The most recent completed round was a $54M Series B in September 2025.
Cerby funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2025 | Series B | Deloitte Ventures | $54M | Deloitte Ventures joined the identity security company Cerby as a new investor in an extension of its Series B round announced on 24 September 2025. The extension brought the Series B to USD 54 million in total and added four new strategic backers: Deloitte Ventures, the Engage Fund, Squarepoint and Valor Equity Partners. The original USD 40 million Series B tranche had been announced in May 2025 and was led by DTCP with participation from existing investors including Okta Ventures, Salesforce Ventures and Two Sigma Ventures. No lead investor was designated for the extension, and neither the valuation nor the individual allocations were disclosed. Cerby said the additional capital would fund product development and integrations across its Cerby Application Network, the build-out of agentic AI capabilities and the scaling of its go-to-market operations in North America and EMEA. Cerby was founded in 2020 by chief executive Belsasar Lepe and is based in San Francisco, California. Its platform automates identity management for applications that do not support standard enterprise identity protocols such as SAML and SCIM and therefore fall outside the reach of conventional identity providers. The product covers credential management and single sign-on for those applications, joiner-mover-leaver lifecycle automation, privileged and shared access control and the security of corporate social media accounts. Cerby sells subscription licences to large enterprises and positions itself as complementary to identity providers, integrating with vendors including Okta. The company did not publish revenue, customer counts or headcount alongside the round. |
| May 2025 | Series B | Alumni Ventures (lead); DTCP (lead); Salesforce Ventures; SCB 10X; Ridge Ventures; Bowery Capital; Okta Ventures; Two Sigma Ventures | $40M | Cerby is a San Francisco-based identity security automation platform that secures disconnected applications outside traditional identity tools by integrating with IAM, IGA, and PAM systems to centralize access controls and automate security tasks. The company raised $40 million in its Series B funding round on May 28, 2025, led by DTCP with participation from Okta Ventures, Salesforce Ventures, Two Sigma Ventures, Ridge Ventures, Bowery Capital, and Alumni Ventures, bringing total funding to $72.5 million across six rounds. Funds will expand the Cerby Application Network, enhance AI capabilities, improve platform extensibility, and scale operations in North America, EMEA, and other markets. Customers include Fortune 100 companies like L’Oréal, Fox, Allstate, Chime, and Dentsu. Cerby automates the full lifecycle of nonstandard SaaS, private network, and AI applications using robotic UI detection, APIs, and agentic AI for onboarding, visibility, and control without disrupting users. Founded in 2020, it addresses sprawl in enterprise app portfolios that manual processes cannot manage. The round reflects investor confidence from firms like DTCP, which focuses on cloud enterprise software with $3 billion AUM and prior exits like Auth0 and Fastly. In September 2025, Cerby extended the Series B to $54 million with new investors Deloitte Ventures, Engage Fund, Squarepoint, and Valor Equity Partners to further accelerate product innovation, integrations, and go-to-market expansion. |
| Aug 2023 | Series A | Bowery Capital (lead); Two Sigma Ventures (lead) | $17M | Cerby is a comprehensive access management platform focused on securing nonstandard enterprise applications that lack support for modern identity protocols like SSO and APIs, initially targeting marketing teams and expanding to sales, product, manufacturing, finance, and healthcare across cloud, on-premises, and legacy systems. The company, founded in 2020 and based in Alameda/San Francisco, CA, raised $17 million in its Series A funding round on August 22, 2023, led by Two Sigma Ventures with participation from Outpost Ventures, Ridge Ventures, Founders Fund, Bowery Capital, AV8, Salesforce Ventures, Tau Ventures, Okta Ventures, Incubate Fund, and Carbon Black co-founder Ben Johnson, bringing total funding to $32.5 million. The capital supports scaling go-to-market efforts, sales and marketing, product innovation including AI for integrations, customer support, and international expansion. At the time, Cerby had around 60 employees and 26 active customers including Colgate-Palmolive and a major healthcare provider, with plans to target federal customers in late 2024. Cerby competes with Nudge Security and Strata Identity in addressing identity gaps for nonstandard apps. In a follow-on Series B round of $40 million in May 2025 led by DTCP, Cerby reported 10x ARR growth and 5x customer base expansion since the Series A, now serving over 100 organizations and automating workflows across more than 2,000 applications for brands like L’Oréal, Fox, Allstate, Chime, and Dentsu. |
| Feb 2022 | Seed | Ridge Ventures (lead); Salesforce Ventures; Eduardo Gutierrez; COREangels Pacific; A.Capital Ventures; Founders Fund; Vela Partners; Okta Ventures; Crew Capital | $12M | Cerby raised a Seed VC - II round on February 2, 2022, with valuation reported between $17.65M and $29.65M. Investors included Ridge Ventures as lead, along with A.Capital Ventures, COREangels Pacific, Crew Capital, Eduardo Gutierrez, Founders Fund, Okta Ventures, Salesforce Ventures, and Vela Partners. This round contributed to Cerby's early funding momentum in identity security automation. Cerby provides an identity automation platform to secure disconnected applications outside traditional identity tools, integrating with IAM, IGA, and PAM systems for centralized access controls and automated security tasks. The company targets IT and security teams to reduce risk and operational overhead across application ecosystems. Following the 2022 round, Cerby continued growth with later financings including a $17M Series A in 2023 and a $40M Series B in May 2025 led by DTCP, reaching total funding over $72.5M. |
| Sep 2020 | Pre-seed | Bowery Capital (lead); AV8 Ventures; Global Founders Capital; Incubate Fund | $4M | - |
Who has invested in Cerby?
18 investors have backed Cerby across its funding rounds, including Bowery Capital, Salesforce Ventures, Two Sigma Ventures, Ridge Ventures, Okta Ventures and Alumni Ventures.
Lead investors include Alumni Ventures, DTCP, Bowery Capital, Two Sigma Ventures and Ridge Ventures.
Cerby Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2020 | ||
| 2 | Participant | Feb 2022 | ||
| 2 | Lead | Feb 2022 | ||
| 2 | Participant | Feb 2022 | ||
| 2 | Lead | Aug 2023 | ||
| 1 | Participant | May 2025 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | May 2025 | ||
This data is available for Pro users. Sign up to see all 18 Cerby investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCerby Competitors
Cerby competitors include listed companies like Mitek Systems and Palo Alto Networks, and private ones like OneTrust, Vanta, Phin Security and Tines.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $4.5B | 11.3x | ||
| Private | $220M | - | $4.2B | 18.9x | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $180M | $37M | $781M | 3.7x | ||
| Publicly listed | $11B | $1B | $307B | 25.9x |
Cerby Public Comps
Cerby is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Okta, Zscaler, F5, Rubrik and Gen Digital.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | $1B | 26.7x | 25.9x | 301.1x | 76.9x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $6.8B | $2.3B | 18.1x | 15.9x | 53.7x | 41.9x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $2.9B | $245M | 10.6x | 10.0x | 126.4x | 36.4x | |||
| $3.4B | $42M | 9.1x | 8.9x | 721.8x | 32.5x | |||
| $3.1B | $901M | 7.5x | 6.9x | 25.8x | 18.3x | |||
This data is available for Pro users. Sign up to see all Cerby competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Cerby
| When was Cerby founded? | Cerby was founded in 2020. |
| Where is Cerby headquartered? | Cerby is headquartered in San Francisco, CA, United States. |
| Is Cerby publicly listed? | No, Cerby is a private, VC-backed company. |
| How much funding has Cerby raised? | Cerby has raised $127M across 5 funding rounds. |
| What was Cerby's last funding round? | Cerby's last funding round was a $54M Series B in September 2025. |
| Who are Cerby's investors? | Cerby's investors include Bowery Capital, Salesforce Ventures, Ridge Ventures, Okta Ventures, Two Sigma Ventures, SCB 10X, Eduardo Gutierrez, Deloitte Ventures, AV8 Ventures, COREangels Pacific and 8 others. |
| Which companies are comparable to Cerby? | Companies comparable to Cerby include OneTrust, Vanta, Phin Security, Tines, Mitek Systems and Palo Alto Networks. |
See companies similar to Cerby
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




