{"id":650589,"date":"2025-01-23T19:30:34","date_gmt":"2025-01-23T16:30:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/passbolt-raises-8m-for-its-open-source-password-manager-for-teams\/"},"modified":"2025-01-23T19:30:34","modified_gmt":"2025-01-23T16:30:34","slug":"passbolt-raises-8m-for-its-open-source-password-manager-for-teams","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/passbolt-raises-8m-for-its-open-source-password-manager-for-teams\/","title":{"rendered":"#Passbolt raises $8M for its open source password manager for teams"},"content":{"rendered":"
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Password managers have become commonplace at this point. But businesses often have different needs than consumers. Teams, after all, often have to share credentials to access resources, all while IT and security teams need ways to control who has access to them. Passbolt<\/a>, which is announcing an $8 million seed round Thursday, aims to become the de facto password manager for small and midsize businesses, with ambitions to serve enterprise customers in the long run.<\/p>\n

The Passbolt team, led by its France-born CEO Kevin Muller<\/a>, argues that most organizations are not served well by what he argues are more consumer-oriented tools like Bitwarden or 1Password. \u201cYou look at Bitwarden, for example, or even 1Password, what they are doing is they have, at one end, a simple password management for the workforce, and then they built a secret manager \u2014 or they purchased a secret manager \u2014 for the DevOps teams, and then they build something else for authentication,\u201d Muller said. \u201cSo it\u2019s quite fragmented. And one of the problems is that these tools, most of the time, cannot talk to each other. They are very much standalone.\u201d<\/p>\n

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Image Credits:<\/strong>Passbolt<\/span><\/figcaption><\/figure>\n

Muller previously founded e-learning platform Click on French and ran a web development consultancy in India. He founded Passbolt in 2017, together with Remy Bertot and C\u00e9dric Alfonsi, after previously prototyping the opens source community edition for a few years. <\/p>\n

The service is based, in part, on Keepass<\/a>, the popular open source password manager, but as Muller stressed, KeePass was never built for them. KeePass itself is already widely popular with technical teams, but it essentially creates a single static file where credentials are securely stored, he noted. This can easily be shared among team members, but because of that, there is no way to easily control who has access to it and there is no way to audit access (or revoke it), among other things. <\/p>\n

\u201cWhat we wanted was more collaboration, more security, and more control,\u201d Muller said. \u201cWith control I mean: How do we install it behind our firewall on a server that we manage? How do we have it interoperable? How do we share passwords, secrets, and all types of credentials granularly?\u201d<\/p>\n

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Image Credits:<\/strong>Passbolt<\/span><\/figcaption><\/figure>\n

Over the course of the last few years, the team added features like native desktop app<\/a>s, password expiry and rotations, a tool for getting two-factor authentication codes, and role-based access controls for using Passbolt\u2019s own user interface. One of the next features on the horizon is support for managing passkeys. <\/p>\n

In the long run, the Passbolt team would also like to challenge the more enterprise-centric Privileged Access Management (PAM) services like CyberArk, Muller told me.<\/p>\n

Today, Passbolt offers a free community edition that users can self-host, as well as a self-hosted Pro edition ($49\/month for 10 seats) with additional features like LDAP provisioning, single-sign-on support, activity logs, and more. Like so many other open source projects, Passbolt also offers a hosted solution (starting at $54 per month for 10 seats.<\/p>\n

About 38,000 teams use the free version, with 2,000 paying for Passbolt\u2019s services. The majority of users (75%) opt to self-host.<\/p>\n

As Muller stressed, the code is regularly audited, and Passbolt is SOC2 Type II certified.<\/p>\n

Passbolt, which is based in Luxembourg and currently has about 30 employees, actually reached profitability in the summer of 2024. But the team still decided to raise in order to capitalize on the current growth and to keep up with feature requests from its users. <\/p>\n

The company\u2019s Series<\/a> A round was led by Netherlands-based Airbridge Equity Partners<\/a>. Existing investors Expon Capital\u2019s Digital Tech<\/a>\u00a0Fund,\u00a0ScaleFund<\/a>,\u00a0Seeder<\/a>,\u00a0Dedicated<\/a>, Bondi Capital, Carricha Capital, and\u00a0LBAN<\/a>\u00a0also participated, along with angel investors like Christophe Bianco (co-founder of Excellium Services) and Xavier Buck (co-founder of Datacenter Luxembourg).<\/p>\n

\u201cLegacy password managers like KeePass or Bitwarden and Privileged Access Management solutions such as CyberArk fall short for today\u2019s cross-functional, distributed and agile teams,\u201d said Rick van Boekel, managing partner at Airbridge Equity Partners. \u201cPassbolt\u2019s organic traction across various industries confirms the demand for a more collaborative, enterprise-grade solution, and their impressive SaaS metrics prove that Passbolt users are delighted with the solution offered.\u201d<\/p>\n<\/div>\n

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If you want to read more like this article, you can visit our Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Password managers have become commonplace at this point. But businesses often have different needs than consumers. Teams, after all, often have to share credentials to access resources, all while IT and security teams need ways to control who has access to them. Passbolt, which is announcing an $8 million seed round Thursday, aims to become…<\/p>\n","protected":false},"author":1,"featured_media":650590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/01\/Passbolt-Founders.jpg?resize=1200,800","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[75885,153832,153833,91877,72287,151477],"class_list":["post-650589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-enterprise","tag-keepass","tag-passbolt","tag-password-management","tag-security","tag-venture"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/650589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=650589"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/650589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/650590"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=650589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=650589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=650589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}