Bitwarden, an open-source password manager for enterprises and consumers, has raised $100 million in a round of funding led by PSG, with participation form Battery Ventures.
Founded initially back in 2015, Santa Barbara, California-based Bitwarden operates in a space that includes well-known incumbents such as 1Password, which recently hit a $6.8 billion valuation off the back of a $620 million fundraise, and Lastpass, which was recently spun out as an independent company again two years after landing in the hands of private equity firms.
In a nutshell, Bitwarden and its ilk make it easier for people to generate hard-to-guess passwords automatically, and store them all in a secure digital vault — it’s all about helping people avoid reusing the same predictable password across all their online accounts.
On top of its basic free service, which gives individuals access to unlimited password storage across platforms, Bitwarden ships a bunch of paid-for premium tools and

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