- Keeper Security — a provider of a highly-rated cybersecurity platform for preventing password-related data breaches and cyberthreats — announced that it has closed a $60 million minority investment by Insight Partners
Keeper Security — a provider of a highly-rated cybersecurity platform for preventing password-related data breaches and cyberthreats — announced that it has closed a $60 million minority investment by Insight Partners. This is Keeper Security’s first equity raise since its inception. In connection with the funding, Insight Partners principal Thomas Krane will join Keeper’s Board of Directors.
Keeper Security’s partnership with Insight will further accelerate product innovation and development along with catalyzing expansion of the company’s global customer base of consumers and businesses.
In the past year, Keeper has experienced rapid growth and expansion, adding another 120 team members and adding significantly to its global business and consumer customer footprint. And despite the global economic downturn created by COVID-19, Keeper has accelerated its growth.
There are millions of consumers and thousands of businesses across 100 countries that use Keeper for password security as well as dark web monitoring, secure file storage, single-sign on integration and security-event reporting.
KEY QUOTES:
“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. With the support of Insight Partners and the planned synergy, we’re well-positioned to bring new, unique and increasingly critical cybersecurity solutions to new and existing customers, globally.”
– Darren Guccione, CEO and Co-founder of Keeper Security
“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. 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.”
– Thomas Krane
“Keeper’s award-winning, enterprise-grade security and encryption architecture combined with our best-in-class user experience is trusted by millions since Darren and I founded the company in 2011. With Insight Partners, we look forward to continuing to deliver best-in-class product innovation that addresses the needs of our business, government, and individual customers for years to come.”
– Craig Lurey, CTO and Co-founder of Keeper Security
