Cerby, which claims to be a stealth cybersecurity company helping businesses leverage “shadow IT”, has closed its seed round on $3.5m.
Bowery Capital led the investment, with additional support coming from AV8 Ventures, Global Founders Capital and Incubate Fund US.
Capital from the round has been earmarked to support product development and hiring.
Cerby claims to embrace the trend of end users increasingly choosing their own work applications without IT and security oversight – this is called Shadow IT.
The company’s initial launch aims to focus on securing how end users share credentials and how credential sharing is a vulnerability for traditional enterprise systems and security measures.
Cerby co-founder Belsasar Lepe said, “If social media has taught us anything, it is that we as humans like to share. Unfortunately, when it comes to sharing sensitive data and identities in an enterprise context, it is rarely done safely.
“This is where we believe existing security tools haven’t kept up. There is a tremendous opportunity to build a new generation of security tools that are focused on enabling end users to do what they do naturally but ensuring it is done securely and within the guidelines of their company’s security policies.”
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