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Keeper Security

Enterprise password and privileged access management platform with zero-knowledge encryption architecture, serving both consumer and enterprise markets.

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72/100Meaningful Innovator

Overview

Keeper Security provides password management, secrets management, and privileged access management under a zero-knowledge encryption architecture, meaning Keeper itself cannot access customers’ stored credentials. The company has expanded from a consumer password manager into an enterprise-grade platform covering connection management and remote access as well.

Founded in 2011 and headquartered in Chicago, Illinois, Keeper raised a $60 million minority investment from Insight Partners in 2020 and reported roughly $90.6 million in ARR for 2024, up from $73.5 million the prior year. That growth trajectory reflects real enterprise demand, though Keeper competes in an increasingly crowded credential/PAM market against both dedicated PAM vendors and broader IAM platforms.

Innovation Matrix Assessment

Innovation Velocity 6/10

Expanded from consumer password management into enterprise secrets management and PAM-adjacent capabilities.

Operational Value 7/10

Zero-knowledge architecture and centralized credential management genuinely reduce password-related breach risk for enterprises.

Market Momentum 10/10

ARR growth from $73.5M to $90.6M year-over-year and sustained Insight Partners backing indicate real commercial traction. Recognized in Cyber Defense Media Group's 2026 Global InfoSec Awards (6 awards), independently juried industry validation of market traction.

Category Disruption 4/10

Enterprise password/secrets management is a mature, well-served category with several established competitors.

Real-World Efficacy 7/10

Zero-knowledge encryption is an independently verifiable architectural claim, and the company has avoided major public breaches.

Enduring Relevance 9/10

Credential management remains foundational security hygiene even as passwordless authentication grows.

Why CISOs Should Care

Provides a zero-knowledge credential vault with a clean security track record, reducing password-reuse and credential-theft risk.

What Makes It Different

Zero-knowledge architecture applied across both consumer and enterprise tiers, with expansion into secrets/connection management.

The Matrix Verdict

72/100 — MEANINGFUL INNOVATOR

A solidly growing, well-architected credential management platform; competitive rather than category-disrupting.

Editorial Note: Claims vs. Verified Findings

ARR figures are self-reported to industry trackers (Latka) rather than audited public financials.

Sources