Total amount raised
$60.3 Millions
Latest funding date
05/01/2023
Location
Keeper Security has successfully raised significant funding through multiple rounds, with its latest being a Private Equity round on May 9, 2023. The company is backed by notable investors, including Summit Partners and Insight Partners.
As a leading cybersecurity platform, Keeper Security focuses on preventing password-related data breaches and cyber threats. Keep reading to explore the intricacies of Keeper Security's fundraising journey and the investors backing this innovative platform.
What Is Keeper Security?
Keeper Security, founded in 2011 by Craig Lurey and Darren Guccione, is a prominent player in the cybersecurity industry. The company is headquartered in Chicago, Illinois, and employs between 251 and 500 people.
Specializing in cloud security, identity management, and software solutions, Keeper Security focuses on preventing password-related data breaches and cyber threats. Their zero-knowledge security and encryption software is trusted by millions globally, including numerous businesses and government entities.
How Much Funding Has Keeper Security Raised?
- Seed Round
- Amount Raised: $250K
- Date: January 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Private Equity Round
- Amount Raised: $60M
- Date: August 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovation and development, and to expand Keeper's global customer base.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance technology and infrastructure.
Total Amount Raised: $60.25M
Current Valuation: Not publicly disclosed
Key Investors
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. The firm focuses on investing in companies across various industries, including technology, healthcare, and financial services.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology, software, and internet businesses. The firm provides capital and strategic support to help companies scale and achieve their growth objectives.
- Investment Focus Areas: Technology, software, internet businesses
- Notable Investments: SMS Assist, SpotHero, Project44
What's Next for Keeper Security?
Keeper Security stands at the cusp of significant growth opportunities, driven by the increasing demand for robust cybersecurity solutions. With millions of consumers and thousands of businesses relying on their services, the company is poised to expand its global customer base and accelerate product innovation. The recent $60 million investment from Insight Partners underscores the potential for further growth and development.
Future fundraising opportunities appear promising as the cybersecurity market continues to expand. The successful funding round and strategic partnership with Insight Partners suggest that Keeper Security may attract additional investments to support its ambitious growth plans. However, the company must navigate challenges such as intense competition, evolving cyber threats, and the need to continuously innovate to stay ahead in the market.
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