Latest news with #OktaVentures
Yahoo
5 days ago
- Business
- Yahoo
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@ 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 "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 View original content to download multimedia: SOURCE Cerby
Associated Press
04-04-2025
- Business
- Associated Press
Okta Announces Startup Challenge to Build New Identity Security Applications
SAN FRANCISCO--(BUSINESS WIRE)--Apr 4, 2025-- Okta, a leading identity and access management company, today announced the 2nd annual Okta Startup Challenge. The challenge invites early stage startups, incorporated in the US, that are building applications using identity, privacy, and security enabled workflows to showcase their innovations. Startups in the Okta Startup Challenge will be evaluated on business potential, innovation, and the utilization of identity enabled workflows in their product. Three finalists will pitch to a live audience at Oktane25 which takes place from September 24-26, 2025 in Las Vegas. The winner of the challenge may receive up to a $500,000 investment from Okta and access to a global network of identity management experts and venture capitalists and the opportunity to ring the Nasdaq opening bell in New York. 'Okta's platform empowers startups to build identity-enabled applications that simplify security and accelerate innovation. With Okta's robust tools, startups can focus on creating new products and solutions without worrying about the complexities of managing identity infrastructure. At Okta, we're committed to driving what's next—constantly evolving and pushing the boundaries of what's possible. The Okta Startup Challenge is an exciting opportunity for startups to showcase their creativity and vision while building the future of identity management,' Austin Arensberg, Senior Director, Okta Ventures said. SaaS startups and enterprises are already innovating in the Okta Identity Cloud, leveraging its global network where thousands of organizations are securely managing identity with ease, flexibility, and reliability while helping their customers establish seamless user experiences, enhance cybersecurity measures, integrate authentication mechanisms, and more. Okta's platform provides many capabilities for startups–including secure identity management, flexible authentication, adaptive access policies, and seamless integration with a variety of applications–to help build differentiated applications, faster. Additionally, startups can leverage integrations with a broad range of technology partners in the Okta ecosystem. Learn more about the 2025 Okta Startup Challenge here: See the results from the 2024 Okta Startup Challenge here: See the video highlights from the 2024 Okta Startup Challenge here: NO PURCHASE NECESSARY. Open only to United States C Corps or LLCs legally permitted to enter. Submission period ends June 30, 2025; finalist selection will occur on or around July 15, 2025; winner selection will occur September 25, 2025. For Official Rules, see About Okta Okta, Inc. is The World's Identity Company™. We secure Identity, so everyone is free to safely use any technology. Our customer and workforce solutions empower businesses and developers to use the power of Identity to drive security, efficiencies, and success — all while protecting their users, employees, and partners. Learn why the world's leading brands trust Okta for authentication, authorization, and more at View source version on CONTACT: Austin Arensberg [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: SECURITY DATA MANAGEMENT APPS/APPLICATIONS TECHNOLOGY SOFTWARE SOURCE: Okta, Inc. Copyright Business Wire 2025. PUB: 04/04/2025 09:05 AM/DISC: 04/04/2025 09:05 AM
