Bitwarden Raises $100M in Growth Funding

bitwarden

Bitwarden, a Santa Barbara, CA-based open-source password manager for both individuals and businesses, raised $100m in growth funding.

The round was led by PSG with participation from existing investor Battery Ventures.

The company intends to use the funds to accelerate growth, and scale its open-source, flexible solution to create new tools and features.

Led by CEO Michael Crandell, Bitwarden empowers organizations and individuals to safely store and share sensitive data. Paid and free versions include features for credential autofill, automatic end-user password generation, password strength scoring, secure credential and file sharing, and flexible cloud and self-hosted deployment options for sophisticated enterprises. The company currently serves tens of thousands of businesses and millions of end users globally. for its ever-growing global user community. With an open-source approach to password management, the company allows users to extend security practices to all of their online experiences—wherever users go and whatever device they use. Bitwarden is available in over 50 languages.

The company is headquartered in Santa Barbara, California and has a globally distributed team.

FinSMEs

06/09/2022