Password managers have grow to be commonplace at the moment. But corporations often have different needs than consumers. After all, teams often need to supply certificates to access resources, and at the same time IT teams and security teams need to manage who have access to them. Passboltwhich broadcasts the Thursday round with a sowing value $ 8 million, is to be a de facto password manager for small and medium -sized company, with ambitions of company customer support in the future.
The Passbolt team, led by the CEO born in France (*8*)Kevin MullerHe claims that almost all organizations are not good for what they say, they are more oriented to consumer tools, corresponding to Bitwarden or 1Password. “You look at Bitwarden, for example, and even 1Password, what they do is, at one end, simple password management for the workforce, and then they built a secret manager – or bought a secret manager – for a manager – for a secret manager – for the band Devops, and then build something else to authenticate, “said Muller. “So it’s quite crushed. One of the problems is that these tools cannot talk to each other most of the time. They are very independent. “
Muller has previously founded the e-learning platform click French and conducted advice on the development of internet sites in India. He founded Passbolt in 2017, along with Remy Bertot and Cédric Alfonsi, after a few years earlier prototyping the edition of the Open Source community.
The service is partly based on KeepassThe popular Open Source password manager, but as Muller emphasized, Keepass has never been built for them. He noticed that it is already popular among technical teams, but mainly creates one static file in which the certificates are safely stored. This could be easily divided between team members, but subsequently it is impossible to simply control who has access to it and has no solution to perform access (or cancel it).
“We wanted more cooperation, more safety and greater control,” said Muller. “I mean with control: how do we install it behind our barrier on the server we manage? How do we have this interoperable? How do we provide passwords, secrets and all types of granulated certificates? “
Over the past few years, the team has added functions corresponding to native computer applications, password expiration and rotations, a tool for obtaining two -component authentication codes and access control based on roles to make use of your individual Passbolt user interface. One of the next functions on the horizon is the management of Paskeys management.
In the future, the Passbolt team would also wish to challenge more privileged management services to enterprise (PAM), corresponding to Cyberark, Muller told me.
Today, Passbolt offers a free edition of the community, which users can host themselves, in addition to the self -proclaimed pro edition (49 USD/month for 10 places) with additional functions, corresponding to LDAP support, service of a single signature, activity logs and activity logs and more. Like many other Open Source projects, Passbolt also offers a hosted solution (starting from $ 54 per thirty days for 10 places).
About 38,000 teams use the free version, and 2000 pay for Passbolt services. Most users (75%) resolve on an independent host.
As Muller emphasized, the code is recurrently controlled, and Passbolt is a certified SOC2 type II.
Passbolt, based in Luxembourg and currently has about 30 employees, actually reached profitability in the summer of 2024. But the team still decided to collect to make use of the current growth and sustain with the demands of the functions from their users.
She led the round of series A through the Netherlands Airbridge equity partners. Existing investors Digital Tech Exton Capital Fund, ScalefundIN SeederIN DedicatedBondi Capital, Carrich Capital i Lban He also participated, together with angel investors, corresponding to Christophe Bianco (co -founder of Excelium Services) and Xavier Buck (co -founder of Datacenter Luxembourg).
“Hereditary password managers, such as Keepass or Bitwarden and privileged access management solutions such as Cyberark, do not have time for today’s interfunctional, distributed and agile teams,” said Rick Van Brakel, managing partner at Airbridge Equity Partners. “The organic adhesion of Passbolt in various industries confirms the demand for a more common solution, and their impressive SAAS indicators prove that Passbolt users are delighted with the offered solution.”