Keeper Security vs Palo Alto Networks
Side-by-side comparison of AI visibility scores, market position, and capabilities
Enterprise password management and PAM platform reaching $90.6M revenue in 2024 with 4M+ paid users; 77% ARR CAGR backed by Summit and Insight Partners competing with 1Password and CyberArk.
About
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.
Santa Clara cybersecurity platform (NASDAQ: PANW) $8.0B FY2024 revenue (+16%); platformization 3,600+ customers, Cortex XSIAM AI SOC, $4.2B NGSSAR +42%, competing with CrowdStrike and Microsoft Defender.
About
Palo Alto Networks, Inc. is a Santa Clara, California-based cybersecurity platform company — publicly traded on the NASDAQ (NASDAQ: PANW) as an S&P 500 Information Technology component — providing network security, cloud security, and AI-driven security operations through three integrated security platforms: Strata (network security — next-generation firewalls, SD-WAN, Zero Trust Network Access), Prisma Cloud (cloud security posture management, cloud workload protection, CSPM/CWPP), and Cortex (AI-driven security operations — XSIAM extended security intelligence and automation management, XDR endpoint detection and response, XSOAR security orchestration) through approximately 15,000 employees worldwide. In fiscal year 2024 (ending July 2024), Palo Alto Networks reported revenues of $8.0 billion (+16% year-over-year), with next-generation security Annual Recurring Revenue (ARR — Prisma Cloud and Cortex subscriptions) growing 42% to $4.2 billion as large enterprise and government customers consolidated security toolsets onto Palo Alto Networks' platform versus maintaining dozens of point solution security vendors. CEO Nikesh Arora (joined 2018 from SoftBank as Chairman and CEO) has executed the "platformization" strategy — convincing large enterprise security buyers to replace 10-15 individual security vendors (email security, endpoint protection, cloud workload protection, network detection) with a consolidated Palo Alto Networks platform contract that provides 80% of point-solution capabilities at 50% of the total cost — using the first-year transition economics to accelerate platform adoption through deferred commitment offers (paying a lower platform price in year 1 in exchange for multi-year platform commitment in years 2-4).
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