Password supervisor maker Dashlane has actually raised $110 million in its newest round of financing, the business stated Thursday.
The business stated Sequoia Capital led the Series D round, with partner Jim Goetz signing up with the board. Dashlane likewise stated Lyft executive Joy Howard was designated as its brand-new chief marketing officer and will begin in August.
Dashlane stated it will invest its most current funds back into its core item and will concentrate on dealing with the requirements of its customer and service consumers.
Chief executive Emmanuel Schalit stated the business is “just scratching the surface area” of its security chances.
” Billions of individuals and countless organisations worldwide feel the discomfort of digital identity — — from breaches to taken identities and the annoyance of keeping in mind passwords,” stated Schalit.
” With this brand-new capital and the addition of Joy to our management group, we have the resources to increase our item management, grow the group and construct the brand name that will specify the future of digital identity security,” he included.
Password supervisors have actually ended up being all the rage over the last few years following a wave of credential packing attacks, where hackers take breached usernames and passwords from websites and recycle them on other website accounts. By keeping passwords in a single location safeguarded by a master password or a biometric —– such as a finger print —– users can take their strong and distinctively produced passwords with them any place they go.
Dashlane has actually raised more than $185 million to date.
Read more: techcrunch.com