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Password director have become banal at this point in time . But commercial enterprise often have unlike need than consumers . Teams , after all , often have to apportion certificate to admission imagination , all while IT and security teams need ways to control who has entree to them . Passbolt , which is denote an $ 8 million seminal fluid orotund Thursday , aims to become the de facto parole manager for modest and midsize businesses , with ambitions to swear out endeavor customers in the long ladder .
The Passbolt team , led by its France - born CEOKevin Muller , argues that most organizations are not served well by what he argues are more consumer - orient prick like Bitwarden or 1Password . “ You depend at Bitwarden , for case , or even 1Password , what they are doing is they have , at one end , a simple password direction for the work force , and then they ramp up a private handler — or they purchased a secret manager — for the DevOps teams , and then they build something else for certification , ” Muller say . “ So it ’s quite fragmented . And one of the trouble is that these tools , most of the meter , can not speak to each other . They are very much standalone . ”
Muller previously founded e - check platform press French and ran a World Wide Web development consultancy in India . He founded Passbolt in 2017 , together with Remy Bertot and Cédric Alfonsi , after previously prototyping the open source community edition for a few year .
The service is ground , in part , onKeePass , the democratic candid source password coach , but as Muller stressed , KeePass was never built for them . KeePass itself is already wide popular with technical teams , but it basically create a single still file where certificate are firmly stored , he mark . This can easy be partake in among team member , but because of that , there is no style to easy control who has access to it and there is no fashion to inspect access ( or rescind it ) , among other things .
“ What we desire was more coaction , more security , and more control condition , ” Muller said . “ With control I intend : How do we install it behind our firewall on a server that we manage ? How do we have it interoperable ? How do we share watchword , secret , and all type of credentials granularly ? ”
Over the trend of the last few old age , the team added features like native desktop apps , password expiry and rotations , a tool for getting two - factor assay-mark code , and theatrical role - found access controls for using Passbolt ’s own user interface . One of the next features on the horizon is living for managing master .
In the long run , the Passbolt team would also like to challenge the more enterprise - centric Privileged Access Management ( PAM ) service like CyberArk , Muller tell me .
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Today , Passbolt offers a free community variant that users can self - host , as well as a self - hosted Pro edition ( $ 49 / month for 10 seats ) with extra feature like LDAP provisioning , undivided - planetary house - on support , activity logs , and more . Like so many other capable source project , Passbolt also offers a hosted solution ( pop out at $ 54 per calendar month for 10 rump ) .
About 38,000 teams use the gratuitous interpretation , with 2,000 bear for Passbolt ’s overhaul . The legal age of users ( 75 % ) opt to ego - server .
As Muller stressed , the codification is regularly audited , and Passbolt is SOC2 Type II certify .
Passbolt , which is based in Luxembourg and currently has about 30 employees , in reality reached gainfulness in the summer of 2024 . But the squad still make up one’s mind to raise in monastic order to capitalise on the current growth and to keep up with feature requests from its users .
The company ’s Series A round was led by Netherlands - basedAirbridge Equity Partners . Existing investorsExpon Capital ’s Digital TechFund , ScaleFund , Seeder , Dedicated , Bondi Capital , Carricha Capital , andLBANalso participated , along with holy person investors like Christophe Bianco ( co - founder of Excellium Services ) and Xavier Buck ( carbon monoxide gas - laminitis of Datacenter Luxembourg ) .
“ Legacy word managers like KeePass or Bitwarden and Privileged Access Management solutions such as CyberArk fall short for today ’s cross - operable , distributed and agile team , ” read Rick van Boekel , managing partner at Airbridge Equity Partners . “ Passbolt ’s organic grip across various industries confirms the need for a more collaborative , enterprisingness - grade root , and their impressive SaaS metrics evidence that Passbolt substance abuser are delighted with the solution offered . ”
