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Home > Cybersecurity > Keeper Security closes $60M funding

Keeper Security closes $60M funding

Keeper Security announced a $60 million minority investment by global venture capital and private equity firm Insight Partners.

Erdem Yasar by Erdem Yasar
August 18, 2020
in Cybersecurity
1 min read
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Keeper Security closes $60M funding
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Cybersecurity platform provider for preventing password-related data breaches and cyber threats, Keeper Security announced the close of $60 million minority investment. The $60 million investment is Keeper Security’s first equity raise since its inception and led by global venture capital and private equity firm Insight Partners. The company stated that the partnership will accelerate product innovation and development.

Product innovation and development

Darren Guccione, CEO and Co-founder of Keeper Security
Darren Guccione, CEO and Co-founder of Keeper Security

As a result of the investment, Thomas Krane, Principal at Insight Partners, will join the company’s Board of Directors. Other terms of the private transaction will not be disclosed. Darren Guccione, CEO and Co-founder of Keeper Security said,

“The past four months have resulted in history’s most pervasive cybersecurity challenge. As businesses have shifted their operations online and people have adapted to remote work and social distancing, cybercriminals have executed their attacks at record rates. It’s forcing a rapid transformation and growth in the cybersecurity industry – one that is essential to safeguard people and businesses. With the support of Insight Partners and the planned synergy, we’re well-positioned to bring new, unique and increasingly critical cybersecurity solutions to new and existing customers, globally.”

See more Cyber Security News


Tags: Keeper Security
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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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