Enterprises are feeling the impacts of poor credential hygiene, with a study showing over half of IT teams reporting a cyberattack in the past year. This commonly leads to password reuse across multiple accounts and puts end users at risk for password theft.

The decentralization of work and the mixing of ‘personal’ and ‘work’ devices has forced individuals to create, manage and remember dozens of online credentials. With this investment, Bitwarden is pleased to further its mission of supporting its user community and scaling its open-source, flexible solution to offer stronger online security options for individuals and enterprises. SANTA BARBARA, Calif., September 06, 2022-( BUSINESS WIRE)-Bitwarden, a leading open-source password manager for both individuals and businesses, announced today that it has secured a $100 million minority growth investment led by PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth, with participation from existing investor Battery Ventures. Investment enables Bitwarden to further its leadership as a top password manager and deliver accelerated product expansion for users

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