Tuesday, September 6, 2022

Bitwarden Takes $100M For Password Management Software

Santa Barbara-based Bitwarden, which develops open source password management software, says it has raised $100M in a minority growth investment. The funding came from private equity investor PSG, along with existing investor Battery Ventures. The company said it will use the funding for accelerated product expansion. The company offers up its software both to individuals and enterprises, in both paid and free versions. Bitwarden's CEO is Michael Crandell. As part of the funding, PSG's Tom Reardon and Govind Anand will both join the company's board of directors. More information »

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