Keeper Security, a Chicago, IL-based provider of zero-trust and zero-knowledge cybersecurity software, received a minority growth equity investment from Summit Partners.
The amount of the deal was not disclosed. With this investment, Len Ferrington, Managing Director at Summit Partners, will join the Keeper Security Board of Directors.
Co-founded in 2011 by CEO Darren Guccione and CTO Craig Lurey, Keeper Security launched as a password manager for mobile devices and has then developed solutions including a full suite of consumer and business offerings in password, secrets and privileged connection management, as well as differentiators including dark web monitoring, secure file storage, single-sign on integration, compliance reporting and detailed event logging. The company services organizations of all sizes from small home offices to multinational enterprises and the largest public sector organizations.
Since raising its last round of funding in August 2020, Keeper has added several hundred new employees, acquired remote network access provider Glyptodon, expanded its industry certifications to include earning FedRAMP and StateRAMP Authorization, opened new data centers in Australia, Canada and Japan, and expanded its partner ecosystem across the NorAm, EMEA and APAC regions.
The company intends to use the funds to further accelerate product innovation and catalyze strategic expansion as an innovator in enterprise password management, secrets management, privileged connection management and privileged access management.
FinSMEs
09/05/2023