Keeper Safety Broadcasts Minority Development Fairness Funding From Summit Companions

CHICAGO, Could 9, 2023 /PRNewswire/ — Keeper Safety (“Keeper” or the “Firm”), a number one supplier of zero-trust and zero-knowledge cybersecurity software program, at the moment introduced that world development fairness agency Summit Companions has accomplished a major minority funding within the Firm. With this funding, Len Ferrington, Managing Director at Summit Companions, will be a part of the Keeper Safety Board of Administrators. The synergy between Keeper, Summit and present investor Perception Companions will additional speed up product innovation and catalyze strategic enlargement of the Firm’s prominence as a cybersecurity chief in the private and non-private sectors.

Keeper has seen sturdy development in its world operations since elevating its final spherical of funding in August 2020. The Firm has added a number of hundred new workers, acquired distant community entry supplier Glyptodon, expanded its {industry} certifications to incorporate incomes FedRAMP and StateRAMP Authorization, opened new information facilities in Australia, Canada and Japan, and expanded its associate ecosystem throughout the NorAm, EMEA and APAC areas. Keeper doubled its income whereas sustaining sturdy gross margins and continued its trajectory with Q1 2023 marking the Firm’s strongest quarter on report. This newest funding will speed up Keeper’s development and solidify the Firm’s place as an innovator in enterprise password administration, secrets and techniques administration, privileged connection administration and privileged entry administration.

“Perception Companions is and has been a improbable associate that has helped us with go-to-market methods and finest practices. I’ve recognized Len Ferrington and the Summit crew for a few years. They’ve deep expertise investing in cybersecurity and a shared ardour for the Keeper imaginative and prescient,” mentioned Darren Guccione, CEO and Co-Founding father of Keeper Safety. “I am excited in regards to the expanded perspective that each Perception and Summit will deliver to Keeper, supporting our distinctive crew as we proceed to create and ship industry-leading expertise and innovation.”

“Whereas the present financial surroundings has led to a contraction in lots of areas of expertise funding, the demand for safe and accessible cybersecurity options continues to speed up,” mentioned Len Ferrington, Managing Director at Summit Companions. “Summit has invested in safety software program for greater than thirty years. We’re impressed with the breadth of the Keeper product portfolio in addition to the Firm’s development, and we’re excited to see Keeper work to additional disrupt the cybersecurity {industry}.”

“We noticed nice potential in Keeper and so they’ve surpassed our expectations as a constantly high-performing firm within the {industry},” mentioned Thomas Krane, Managing Director at Perception Companions. “This strategic funding will elevate Keeper even additional, increasing its potential to supply best-in-class cybersecurity options to organizations around the globe.”

Keeper was co-founded in 2011 by CEO Darren Guccione and CTO Craig Lurey as a password supervisor for cellular units. Since then, the Firm has developed a sturdy cybersecurity platform with a transparent deal with fulfilling crucial unmet wants of the quickly rising id and entry administration market. At this time, Keeper’s options embrace a full suite of award-winning shopper and enterprise choices in password, secrets and techniques and privileged connection administration, in addition to differentiators together with darkish net monitoring, safe file storage, single-sign on integration, compliance reporting and detailed occasion logging. The Firm providers organizations of all sizes from small house workplaces to multinational enterprises and the biggest public sector organizations. Enterprises choose Keeper due to its sturdy safety structure; potential to assist federated and passwordless authentication with any id supplier; seamless integration into on-premises, cloud or hybrid environments; and ease of use throughout desktop and cellular units.

Its newest providing, KeeperPAM™, offers a next-generation Privileged Entry Administration (PAM) answer that’s disrupting the standard PAM market. KeeperPAM delivers enterprise-grade password, secrets and techniques and privileged connection administration inside a unified SaaS platform that’s cost-effective, easy-to-use and simple-to-deploy. KeeperPAM allows least-privilege entry with zero-trust and zero-knowledge safety. Keeper’s patented cybersecurity answer is designed to allow full visibility, safety, management and reporting throughout each privileged person on each gadget inside a corporation.

Keeper is dedicated to sustaining the very best requirements of safety via steady testing and auditing. Keeper holds the longest standing SOC 2 and ISO 27001 certifications within the {industry}. Keeper is GDPR compliant and CCPA compliant, PCI DSS licensed, FedRAMP and StateRAMP Approved, and licensed by TrustArc for on-line privateness. The Firm is constantly ranked as having the top-rated password administration platform in the marketplace. Keeper has a 4.9 out of 5-star ranking on the App Retailer and 4.6 out of 5-star ranking on Google Play, with greater than 250,000 mixed evaluations.

Evercore served as monetary advisor to each Keeper Safety and Perception Companions. No different phrases of this non-public transaction are being disclosed.

About Keeper Safety, Inc.

Keeper Safety is remodeling cybersecurity for folks and organizations around the globe. Keeper’s inexpensive and easy-to-use options are constructed on a basis of zero-trust and zero-knowledge safety to guard each person on each gadget. Our next-generation privileged entry administration answer deploys in minutes and seamlessly integrates with any tech stack to forestall breaches, cut back assist desk prices and guarantee compliance. Trusted by thousands and thousands of people and 1000’s of organizations, Keeper is a pacesetter for best-in-class password administration, secrets and techniques administration, privileged entry, safe distant entry and encrypted messaging. Be taught extra at

About Summit Companions

Based in 1984, Summit Companions is a world different funding agency that’s at present managing greater than $36 billion in capital devoted to development fairness, mounted revenue, and public fairness alternatives. Summit invests throughout development sectors of the financial system and has invested in additional than 550 firms in expertise, healthcare and different development industries. Summit maintains workplaces in North America and Europe and invests in firms around the globe. For extra info, please see or observe Summit on LinkedIn.

About Perception Companions

Perception Companions is a world software program investor partnering with high-growth expertise, software program, and web startup and ScaleUp firms which might be driving transformative change of their industries. As of December 31, 2022, the agency has over $75B in regulatory belongings beneath administration. Perception Companions has invested in additional than 750 firms worldwide and has seen over 55 portfolio firms obtain an IPO. Headquartered in New York Metropolis, Perception has workplaces in London, Tel Aviv, and Palo Alto. Perception’s mission is to search out, fund and work efficiently with visionary executives, offering them with right-sized, right-time sensible, hands-on software program experience alongside their development journey, from their first funding to IPO. For extra info on Perception and its investments, go to or observe on Twitter @InsightPartners.

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