Dashlane is a password management service that has raised $22 million in Series B funding. This round of funding is the largest ever for a password management startup.
Dashlane especially grew in popularity due to the awareness of the Heartbleed bug. During that first week, Dashlane saw a tenfold increase in new users. Dashlane now has over two million users. Dashlane will be using the funding round to solidify its position in the password management market.
It will also be used for building its product and engineering team along with expanding into Asia and Latin America.