Stealth cybersecurity company Cerby announced it raised a $3.5 million seed round led by Bowery Capital with participation from AV8 Ventures, Global Founders Capital, and the Incubate Fund US. This first round of funding was raised by Cerby co-founders Belsasar Lepe and Vidal Gonzalez. Cerby will utilize the funding round to accelerate both product development and hiring.
Cerby enables enterprises to embrace the trend of end users increasingly selecting their own work applications without IT and security oversight. This phenomenon is known as Shadow IT and the Everest Group predicts up to 50% of IT spend lurks in these shadows.