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2026 Revenue

$225M

Customers

95K

Funding

$60.3M

Avg ACV

$2.4K

Team · 2024

344

Churn · 2018

8%

Founded

2011

Keeper Security Revenue & Funding (2026)

Keeper Security generated $225M in revenue in 2026. Source: prnewswire.com

Keeper Security is a Chicago-based cybersecurity company founded in 2011 by Darren Guccione and Craig Lurie. The company develops Keeper, a password manager and secure digital vault, along with KeeperChat, an encrypted messaging application, and additional security products including secure digital file storage and BreachWatch, a dark web monitoring service.

As of late 2018, Keeper Security reported more than 15 million users across more than 100 countries, with thousands of new users added to the platform each day. The company serves both individual consumers and businesses, with 85 percent of its business-to-business revenue coming from organizations it classifies as small and medium-sized businesses, defined as companies with fewer than 1,000 employees.

Keeper Security has been entirely bootstrapped since inception, with Guccione seed-funding the company and the founders reinvesting profits into growth. The company reported being profitable as of 2018, with a 90 percent or better annual subscription retention rate and a team that grew from roughly 35 people in 2016 to approximately 140 by late 2018.

Last updated

Keeper Security Revenue

Keeper Security generated $225M in revenue in 2026.

Keeper Security did not disclose a specific annual revenue figure during the November 2018 interview. Guccione confirmed the company is profitable and reinvests profits into growth, but declined to provide a revenue number.

Keeper Security Revenue GrowthReported revenue / ARR over time$0$50M$100M$150M$200M$250M201120132015201720192021202320252026$0$90.6M$225MSource: GetLatka.com
YearMilestoneSource
2026Keeper Security Hit $225m revenue in July 2026prnewswire.com
2024Keeper Security Hit $90.6m revenue in October 2024Estimated
2023Keeper Security revenue in 2023: $73.5mEstimated
2011Launched with $0 revenue

The company's revenue structure is built on annual subscriptions starting at $30 per user per year for consumers and $45 per user per year for advanced business tiers, with additional revenue from add-on products. Retention of 90 to 92 percent annually and expansion in more than 50 percent of B2B accounts within the first six months indicate a compounding revenue base, though the absolute scale was not disclosed.

Keeper Security Valuation, Funding Rounds

Keeper Security has not publicly disclosed its valuation. The company has raised $60.3M in total funding to date.

Keeper Security has raised $60.3M in total funding across 2 rounds, most recently a $60M Growth Equity Investment round in 2020.

Keeper Security Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$15M$30M$45M$60M$75M201120132015201720192020$60.3MSource: GetLatka.com
YearRoundAmountValuation% SoldSource
2020Growth Equity Investment$60M--Not recorded
2011Seed$250K--Not recorded

Founder / CEO

Darren Guccione

CEO

Darren Guccione, who confirmed he is CEO and co-founder of Keeper Security, was 49 years old at the time of the November 2018 interview. He co-founded the company alongside Craig Lurie, his long-term business partner. Keeper Security is the third technology company the two have built together. Their first company was acquired by CNET Networks.

Guccione described his background as a combination of accounting and engineering, holding a CPA credential and an undergraduate degree in industrial and mechanical engineering. Before returning to technology, he spent approximately 15 years in real estate finance and development, focused on high-end residential, resort, and hotel properties, as well as tax structuring. He returned to technology full time approximately 11 years before the 2018 interview, placing that transition around 2007.

Guccione noted that earlier in his life, at age 20, he was the lead singer of a rock band. He cited time management as the most important lesson from his career, stating that time is the most precious resource a person has.

Customers

Keeper Security reported more than 15 million users on its platform globally as of late 2018, spread across more than 100 countries. Thousands of new users were being added each day at the time of the interview. The company also reported thousands of business accounts, with the B2B product having launched approximately two years prior, around 2016.

The company offers individual consumer pricing at $30 per year, covering unlimited devices. For businesses requiring more advanced provisioning tools such as Active Directory integration, pricing rises to $45 per user per year. Additional paid add-ons include secure digital file storage, BreachWatch, and KeeperChat. The company also offers a family plan. Guccione described the pricing strategy as deliberately affordable to maximize accessibility.

Eighty-five percent of Keeper Security's business revenue comes from what the company defines as the SMB segment, which it defines as organizations with fewer than 1,000 employees. The company declined to disclose the exact number of paid users within its total user base of more than 15 million, or the average number of employees per business plan.

Keeper Security serves 95K customers.

Keeper Security Business Model

Keeper Security operates exclusively on annual subscription contracts and does not offer monthly subscription plans. Consumer pricing starts at $30 per user per year for unlimited devices, with a business tier at $45 per user per year for advanced enterprise features. Additional revenue is generated through add-on products layered onto the core password management offering.

The company reported annual gross revenue retention of 90 to 92 percent as of 2018, with gross churn of approximately 8 percent. Guccione confirmed these retention figures apply across both the consumer and SMB channels. Within the first six months of signing a B2B account, more than 50 percent of accounts expand by adding more employees to the platform or purchasing additional services. Guccione cited ARPU as the key expansion metric on the consumer side and average selling price on the enterprise side, though he declined to disclose specific expansion revenue figures.

Keeper Security is profitable as of 2018 and has been bootstrapped since founding, with profits reinvested into growth. The company operates a discretionary annual bonus pool distributed to employees, with Guccione and Lurie taking their share last. No outside investment capital has been raised. The top growth channel as of 2018 was blog content, and virality within existing user bases, described as a grassroots upstream approach, was a stated growth tactic alongside inbound digital marketing.

Point-in-time figures shared on the GetLatka podcast, each linked to the exact moment it was said on camera.

Gross churn (2018)

About 8% per year (consumer side)(Est.)

“Darren Guccione: Our churn is pretty low. The consumer side, our churn is right around 8%.”

Watch at 11:03

Free users (2018)

Over 15,000,000 total users (free and paid)(Est.)

“Darren Guccione: We've got over 15,000,000 people globally using our application.”

Watch at 1:07

Keeper Security Employees & Team Size

Keeper Security employed approximately 140 people as of late 2018, up from roughly 35 people in 2016 when the company launched its B2B and enterprise product line. Guccione described this as nearly quintupling the size of the team over approximately two years, representing roughly a 5x headcount growth multiple. The team expansion was attributed primarily to the launch and growth of the B2B business and the broadening of the company's cybersecurity product portfolio.

Keeper Security employs approximately 344 people as of 2026, including 59 sales reps that carry a quota. It serves 95K customers that rely on its solutions.

Keeper Security Team GrowthReported headcount over time0751502253003752011201320152017201920212023202400344344Source: GetLatka.com
YearMilestoneSource
2024Reached 344 employees (October 2024)LinkedIn
2023Reached 344 employees (December 2023)LinkedIn
2022Reached 310 employees (December 2022)LinkedIn
2021Reached 214 employees (December 2021)LinkedIn
2020Reached 208 employees (December 2020)Not recorded
2020Reached 174 employees (June 2020)Not recorded
2019Reached 156 employees (December 2019)Not recorded
2018Reached 140 employees (November 2018)Interview6:39[1]Estimated
2016Reached 35 employees (January 2016)Interview6:43[2]Estimated

Frequently Asked Questions about Keeper Security

What is Keeper Security's revenue?

As of 2026, Keeper Security generated $225M in revenue.

Who founded Keeper Security?

Keeper Security was founded by Darren Guccione.

When was Keeper Security founded?

Keeper Security was founded in 2011.

Who is the CEO of Keeper Security?

The CEO of Keeper Security is Darren Guccione.

How much funding does Keeper Security have?

Keeper Security raised $60.3M across 2 rounds.

How many employees does Keeper Security have?

As of 2024, Keeper Security had 344 employees.

Where is Keeper Security headquartered?

Keeper Security is headquartered in Chicago, Illinois, United States.

Compare Keeper Security to the industry

Keeper Security operates across multiple industries. Browse revenue, funding, and growth data for Keeper Security in each sector below.

Full Interview Transcripts

KeeperSecurity is Profitable, Churning 8-10% of Revenue AnnuallyNov 7, 2018

Read the full interview and its transcript.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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