Company Overview
About Keeper Security
Keeper Security is a Chicago-based enterprise password management and privileged access management (PAM) platform providing businesses and consumers with encrypted password vaults, secrets management, zero-trust network access, and privileged session management tools that reduce credential-based cyberattack exposure. Founded in 2011 and backed by $60.2 million total from Summit Partners and Insight Partners, Keeper reached $90.6 million in revenue in 2024 (up from $73.5 million in 2023), surpassed 4 million paid users globally in April 2025, and achieved 77% CAGR in ARR over five years.
Business Model & Competitive Advantage
Keeper's product suite covers the full credential security stack: Keeper Password Manager (consumer and business password vault), KeeperPAM (privileged access management for IT administrators managing server and infrastructure access), Keeper Secrets Manager (CI/CD and developer secrets management), and KeeperChat (encrypted team messaging). The zero-knowledge encryption architecture means Keeper never sees customer vault contents — all encryption and decryption happens client-side, providing a security guarantee that differentiates from competitors with server-side access to customer secrets.
Competitive Landscape 2025–2026
In 2025, Keeper competes in the password management and PAM market with 1Password (enterprise password manager), LastPass (post-2022 breach significantly impacted its position), Bitwarden (open-source), CyberArk (enterprise PAM leader), and Delinea for credential security products. Named the #1 fastest-growing business app in EMEA by Okta in 2024, recognized as a Leader in GigaOm Radar for Password Management and a Value Leader in EMA Radar for PAM, Keeper has built strong analyst recognition alongside rapid revenue growth. The LastPass major breach in 2022 created significant market opportunity as enterprises re-evaluated their password management vendors. The 2025 strategy focuses on enterprise PAM expansion (the higher-value segment), growing government and regulated industry sales where FedRAMP authorization matters, and building the AI-powered threat intelligence features that help enterprises detect credential compromise.
Open Positions
Reddit Discussions
Key Differentiators
Emerging Innovator
Keeper Security is an emerging player bringing innovative solutions to the Security market.
Frequently Asked Questions
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