Bitwarden

Bitwarden

Password management and secure information storage

About

Bitwarden provides password management and secure information storage solutions for individuals and businesses. It operates on a freemium model, offering a free version with basic features and a premium version with advanced functionalities like Secure Send and multi-factor authentication. What distinguishes Bitwarden from its competitors is its open-source nature and commitment to transparency, as it allows public scrutiny of its code and undergoes regular security audits. The company's goal is to ensure the safety of sensitive information for all users.

Company Stage

Growth Equity (Venture Capital)

Employees

51-200

Industries

Cybersecurity

Total Funding

$97.3M

Headquarters

Santa Barbara, California

Founded

2015


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Simplify's Take

What believers are saying

  • Growing demand for passwordless solutions boosts Bitwarden's innovation in passkey technologies.
  • Remote work trends increase demand for secure, cloud-based password management solutions.
  • The global password management market is projected to grow significantly by 2030.

What critics are saying

  • Competition from other open-source managers like KeePass and LastPass is increasing.
  • Potential vulnerabilities in open-source code could be exploited by cybercriminals.
  • User adoption challenges exist due to complex integrations like SCIM and Splunk.

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 SIEM systems, enhancing security monitoring capabilities.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%

Benefits

Work from home

Home office reimbursement

401k

20 days of PTO + 10 flexible holidays

Medical, dental, & vision

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