Keeper Security’s access management cybersecurity platform

By William Smith
Keeper Security is a Chicago, Illinois-based startup offering a cybersecurity platform for password management...

Keeper Security is a Chicago, Illinois-based startup offering a cybersecurity platform for password management.

As the ongoing COVID-19 pandemic forces workers back into their homes, cybersecurity is becoming ever more essential for organisations. Passwords in particular are a point of extreme vulnerability, thanks to threats such as social engineering.

It is precisely this area in which Keeper Security specialises, providing encryption software that keeps passwords secure, targeted at both businesses and individuals.

Keeper said it had experienced growth despite the COVID-19-caused economic downturn, with thousands of businesses relying on its services worldwide. It maintains a 4.9/5 and a 4.6/5 rating for its app on the Apple App and Google Play stores respectively.

Founded in 2011, the company yesterday announced its first ever equity raise in a $60mn venture round led by Insight Partners.

In a press release, Darren Guccione, CEO and Co-founder of Keeper Security, said: "The past four months have resulted in history's most pervasive cybersecurity challenge. As businesses have shifted their operations online and people have adapted to remote work and social distancing, cybercriminals have executed their attacks at record rates. It's forcing a rapid transformation and growth in the cybersecurity industry – one that is essential to safeguard people and businesses.”

The company said it would use the funding to accelerate product innovation and global sales.

"As the lines blur between where we live and where we work, businesses and consumers look to Keeper for critical cybersecurity protection. The value that Keeper provides to its customer base has never been clearer," said Thomas Krane, Principal at Insight Partners. "Keeper's impressive growth and business stability, despite the global pandemic, is driven by its ability to deliver products that exceed their customers' needs and expectations. We look forward to supporting Keeper in its continued growth."

Share

Featured Articles

TECH LIVE LONDON: An overview of the hybrid technology show

We take a look at the first day of Tech Live London with insights from technology leaders from companies such as IBM, Microsoft and Vodafone

TECH LIVE LONDON: Begins tomorrow at 10am!

Our marquee technology event is nearly here. There's still time to claim your free ticket (worth £295). Look forward to welcoming you to the Tobacco Dock!

Executive Q&A: Marc Lueck, CISO EMEA, Zscaler

As we prepare to welcome the Zero Trust leaders to TECH LIVE LONDON this June 23-24, we take the opportunity to chat to Zscaler CISO of EMEA, Marc Lueck

TECH LIVE LONDON: Registering, networking and logistics

Digital Transformation

New speaker from Infosys announced for TECH LIVE LONDON!

Digital Transformation

New speaker from Bernadette announced for TECH LIVE LONDON!

Digital Transformation