Passwords aren't dead yet - Bitwarden raises $100M for password management

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09/07/2022

Passwords aren't dead yet - Bitwarden raises $100M for password management

Venture Beat

Are passwords dead? With many vendors like Microsoft, Apple and Google moving toward passwordless authentication options alongside the FIDO Alliance and credential-based attacks on the rise, you’d be forgiven for thinking that passwords are on the way out, but login credentials aren’t done just yet.

Just today, open-source password manager Bitwarden announced that it has received a $100 million investment from PSG, a growth equity firm, with participation from Battery Ventures, highlighting that password management still has an integral role to play in enterprise and consumer security for the foreseeable future.

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