Password manager Bitwarden gets $100M in funding

Open up-resource password supervisor Bitwarden has been given a great US$100 million expenditure led by advancement fairness company PSG.

Bitwarden’s computer software manages login credentials in a particular encrypted vault which is locked driving a master password established by its users. With it, buyers only want to memorize a solitary password to obtain all of their qualifications. Though password managers appear to be counterintuitive in that they’re a solitary place of failure, they safeguard their users’ over-all security by building potent, distinctive passwords and cutting down password reuse. Furthermore, they also provide safe credential sharing providers.

“Our expense in Bitwarden displays our conviction that the password management market place is poised for sizeable advancement as on the web account use grows and protection concerns mount in the hybrid operating natural environment,” commented Tom Reardon, running director at PSG, in the press release. Reardon emphasized Bitwarden’s open up-source part, contacting it a distinguishing characteristic that sets it aside from the relaxation.

Given that it is an open up-resource products, anyone can see and audit Bitwarden’s supply code. The service is also cross-system, available on each cellular and desktop devices.

In its push release, Bitwarden mentioned it serves “tens of thousands” of organizations and millions of conclude end users.

The service provides a cost-free tier for individual password administration. A paid business model brings more characteristics these as one-sign-on (SSO) abilities and self-hosted deployment options.

Jennifer R. Kelley

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