Cerbos, a London, UK-based adaptive authorization software company, announced Cerbos Cloud, a managed service offering for Cerbos, and secured $7.5 million in seed extension funding.
The round was led by OMERS Ventures with participation from angel investors Ryan King (co-founder and CTO of Chime), Zeynep Inanoglu Ozdemir (former CMO of Palo Alto Networks), Zach Holman (early GitHub engineer), Zach Lloyd (founder and CEO of Warp) and Lewis Tuff (CTO of Brevan Howard Digital).
The total funding raised to date is $11 million; the initial seed round was $3.5 million in 2021. Cerbos plans to use the new funding to advance its offerings.
“Decoupling authorization makes life easier for both developers as well as product managers and security teams who create the requirements. Once implemented, the developers can focus on the rest of their job without having to deal with every change in access control logic,” said Emre Baran, co-founder, and CEO of Cerbos. “We are launching Cerbos Cloud today to take away the operational burden of managing, testing, and deploying changes. Developers can now spend even more of their valuable time delivering great products instead of maintaining the infrastructure of the authorization layer.”
Company: Zenauth Ltd.
Raised: $7.5M
Round: Seed Round Extension
Funding Month: April 2023
Lead Investors: OMERS Ventures
Additional Investors: Ryan King, Zeynep Inanoglu Ozdemir, Zach Holman, Zach Lloyd, and Lewis Tuff
Company Website: https://cerbos.dev/
Software Category: Open source, Language-Agnostic Authorization Solution
About the Company: Cerbos, founded in 2021 by former Google employee Emre Baran and serial entrepreneur Charith Ellawala, intends to improve the way digital scaleups and companies handle permissions in their software stacks. Cerbos is an open-source authorization layer to easily implement roles and permissions in software applications. It separates authorization logic from the core application code. Cerbos’ mission is to make authorization simpler to implement and manage to free up product teams so they can focus on building their core products and driving business value. Hundreds of organizations are using Cerbos in production today, and tens of millions of authorization checks are being done every week, powering countless applications, processes, and decisions.
Source: https://www.globenewswire.com/news-release/2023/04/12/2645616/0/en/Cerbos-Supercharges-the-Ability-to-Manage-and-Enforce-Authorization-Policies-at-Limitless-Scale-Closes-7-5-Million-in-Seed-Funding.html