Overview

Bitwarden provides password management and secure information storage for individuals and businesses, helping users protect sensitive data like passwords and secure notes. It operates on a freemium model, offering a free version with basic features and a premium version with advanced options such as Secure Send and multi-factor authentication. Bitwarden stands out from competitors due to its open-source nature and commitment to transparency, including regular third-party security audits. The company's goal is to deliver a reliable solution for securing sensitive information.

Simplify's Take

What believers are saying

• Growing demand for open-source solutions boosts Bitwarden's market appeal.
• Recent mobile app launches align with rising mobile security needs.
• Enhanced Splunk integration positions Bitwarden well in the expanding SIEM market.

What critics are saying

• Increased competition from other open-source password managers like KeePass and LastPass.
• Potential vulnerabilities in open-source code despite regular security audits.
• Dependence on third-party integrations like Splunk poses potential security risks.

What makes Bitwarden unique

• Bitwarden is open-source, enhancing transparency and trust among users.
• It offers a freemium model, providing both free and premium features.
• Bitwarden integrates with Splunk for advanced security monitoring and event management.

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Funding

Total Funding

$97.3M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Battery Ventures

Notable Investors:

Battery Ventures

$100,000,000

Growth Equity VC

Sep 2022

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