Passbolt, a Luxembourg-based credential and entry supervisor for organizations of all sizes, raised $8M in Sequence A funding.
The spherical was led by Airbridge Fairness Companions (Netherlands). Current buyers that embrace Expon Capital’s Digital Tech Fund, ScaleFund, Seeder, Devoted, Bondi Capital, Carricha Capital, and LBAN additionally participated, together with business veterans comparable to Christophe Bianco (co-founder of Excellium Providers) and Xavier Buck (co-founder of Datacenter Luxembourg).
The corporate intends to make use of the funds to speed up open supply growth and meet advanced safety and regulatory necessities.
Led by CEO Kevin Muller, Passbolt gives an utility programming interface (API)-centric, versatile platform that collaboratively manages and protects accounts, credentials and secrets and techniques utilized by each individuals (system directors, broader workforce and others) in addition to machines (programs or functions) throughout varied gadgets. It helps not simply passwords, however all organizational credentials, from root accounts, SSH keys, API keys, non-human credentials or key-value secrets and techniques for infrastructure entry to easy net logins and Time-based One-Time Passwords (TOTPs), a typical technique of two-factor authentication (2FA) or multi-factor authentication (MFA).
It’s also an open supply and permits for the management with self-hosting capabilities and versatile customization to match firm insurance policies and regulatory wants. The corporate’s portfolio features a full-fledged free neighborhood version (Passbolt CE) and a industrial enterprise version (Passbolt Professional) that comes with help, in addition to a SaaS providing (Passbolt Cloud).
Earlier funding was a Pre-Seed of $620K in December 2018 and a $3.1M Seed Funding that closed in January 2021.
FinSMEs
24/01/2025
