Passbolt, a Luxembourg-based open-source password and credential manager, has raised $8M in Series A funding to empower digital teams in securely managing passwords and secrets. Led by Airbridge Equity Partners, with continued backing from other investors, the funding will enable Passbolt to accelerate product development, expand globally, and invest in security compliance. Rick van Boekel from Airbridge Equity emphasized the inadequacy of traditional solutions for agile teams, highlighting Passbolt's strong market traction across various industries.
Traditional password managers and Privileged Access Management (PAM) solutions fall short for today's cross-functional, distributed and agile teams.
Passbolt's organic traction across various industries confirms the demand for a more collaborative, enterprise-grade solution.
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