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Bitwarden envisions a world where no one gets hacked and recognizes that this is only possible by working together.
Founded in 2015, Bitwarden is an open-source password manager platform that can be used by individuals and businesses to better secure their passwords. Alongside a free password storage platform for individuals, Bitwarden also sells premium tools such as single sign-on integrations (SSOs) and identity management software. The open source nature of Bitwarden is one of its USPs, allowing the security-conscious computer user to fully analyse the way the platform works.
This has been a vital aspect of Bitwarden, which operates in an increasingly crowded field that includes the $6.8 billion valued 1Password. As hybrid work teams merge their personal and professional computers, password security platforms are more sought after than ever, and Bitwarden must expand its client list to stay on top.
In September 2022, Bitwarden announced its first publicly disclosed funding in seven years. Though the $100 million will help them grow their services into developer secrets and password technology, they are a year behind competitors 1Password. However, Bitwarden's acquisition of Passwordless.dev, a complexity-minimizing Application Programming Interface outfit, will help it to keep up with the competition.
Freddie
Company Specialist at Welcome to the Jungle
Sep 2022
$100m
GROWTH EQUITY VC
This company has top investors
Kyle Spearrin
(CTO)Previously Founder of KS Web Services and Co-Founder at Kwalla