Keeper Security has achieved a significant landmark, reaching $225 million in Annual Recurring Revenue (ARR) as it aims to become a benchmark for AI-native identity security.
Since 2021, the company's ARR has grown more than threefold. This growth comes as Keeper continues to protect over 95,000 organizations, including a substantial number of Fortune 500 companies and public sector agencies. It is quickly gaining traction globally with its zero-trust and zero-knowledge identity security platform.
AI Adoption and Market Expansion
In 2025, Gartner recognized Keeper as the second-fastest-growing security software company worldwide, trailing only Google.
This accolade highlights Keeper’s rapid progression in tackling identity security challenges brought about by cloud transformation and the widespread integration of artificial intelligence within enterprise frameworks. The surge in AI-generated identities drives this growth, alongside Keeper's dedication to innovation, as reflected in the release of its unified privileged access and identity security platform, KeeperPAM®.
Growth and Product Enhancements
Launched in February 2025, KeeperPAM has delivered a tenfold year-over-year revenue increase
Launched in February 2025, KeeperPAM has delivered a tenfold year-over-year revenue increase, with Keeper adding an average of 850 new customers monthly.
Over the past fifteen months, more than 400 novel features and products have been integrated into KeeperPAM. Darren Guccione, CEO and Co-founder of Keeper Security, asserted the importance of modern platforms, stating, "Identity is the new security perimeter." He emphasized the need for unified solutions to secure all identities and privileged interactions as enterprises expand their use of AI agents and autonomous systems.
Comprehensive Cybersecurity Approach
Keeper's cloud-based cybersecurity platform provides a holistic approach to identity security by bringing together various management functions, including enterprise password management and database management.
Its AI-native identity security strategy extends these capabilities to non-human identities and AI environments. This allows organizations to manage and secure machine credentials and autonomous workloads effectively. With AI adoption on the rise, non-human identities are outstripping human ones by a ratio of 150:1, creating new challenges and opportunities for security management.
Innovative Solutions for Modern Security Needs
Keeper's cloud-based cybersecurity platform provides a holistic approach to identity security
Craig Lurey, CTO and Co-founder of Keeper Security, noted the challenges faced by enterprises in managing autonomous agents and machine workflows. He said, "Keeper is purpose-built to solve this problem at scale," emphasizing the need for robust governance and access controls.
Keeper’s ongoing growth and industry acknowledgment underline its position as one of the innovators in AI-native identity security and privileged access management. The company's solid financial footing, featuring a high-growth and highly profitable profile without debt, reinforces its potential to lead in the agentic AI era.
Surpassing the $225 million ARR mark highlights the increasing importance of securing non-human identities, a central challenge of the AI age, as expressed by Darren Guccione. Keeper is on a fast track to achieving $1 billion in ARR, with plans that could include a public offering as part of its strategic roadmap.
Keeper Security, the identity security platform for humans, machines and AI agents, announces a major milestone in its journey to become the market standard for AI-native identity security, having reached $225 million in Annual Recurring Revenue (ARR). Since 2021, Keeper's ARR has grown over 3x.
Keeper protects over 95,000 organizations, which includes many Fortune 500 enterprises and public sector agencies. The company is quickly emerging as the market standard for AI-native identity security for enterprises globally with its zero-trust and zero-knowledge identity security platform. In 2025, pioneer analyst firm Gartner recognized Keeper as the second-fastest-growing security software competitor globally, second only to Google.
Artificial intelligence adoption
This recognition underscores Keeper's rapid market expansion in addressing identity security challenges created by cloud transformation and artificial intelligence adoption across enterprise infrastructure and endpoints.
This market-pioneer growth is driven by the explosion of identities in the agentic AI age and relentless focus on innovation to protect customers, as evidenced by the release of its unified privileged access management and identity security platform, KeeperPAM®, which protects both human and Non-Human Identities (NHIs), including service accounts, machine identities, databases, AI agents and agentic workloads.
Identity security platform
Since the launch of KeeperPAM in February 2025, KeeperPAM revenue has exhibited 10x year-over-year growth and Keeper has seen industry-pioneer new customer growth, adding an average of 850 new organizations every month. In the last fifteen months, Keeper added over 400 innovative features and products to KeeperPAM.
"Identity is the new security perimeter," said Darren Guccione, CEO and Co-founder of Keeper Security. "As enterprises increasingly deploy AI agents and autonomous systems, the number of privileged identities and machine credentials is growing exponentially. Organizations need a modern, unified platform that secures every identity – human and non-human – and governs every privileged interaction. Our growth reflects the market's demand for a platform purpose-built to address these challenges."
Enterprise password management
Keeper's cloud-native cybersecurity platform delivers a comprehensive approach to identity security and privileged access management by unifying enterprise password management, secrets management, privileged session management, database management and endpoint privilege management in a single platform. Keeper's AI-native identity security strategy seamlessly extends these capabilities to non-human identities and agentic AI environments, enabling organizations to discover, manage and secure machine credentials and autonomous workloads with the same rigor applied to human users.
As enterprises adopt AI technologies at scale, the proliferation of non-human identities is rapidly outpacing that of human identities by 150:1, according to reports, thereby creating new attack surfaces and operational complexity. Keeper's platform helps organizations establish identity-first security strategies that provide security, visibility, governance and least-privilege controls across their entire identity ecosystem.
Fastest-growing providers
"Autonomous agents, frontier LLMs and machine-to-machine workflows are operating inside enterprise environments right now – without adequate governance, secrets management or access controls," said Craig Lurey, CTO and Co-founder of Keeper Security. "Keeper is purpose-built to solve this problem at scale."
The company's continued growth and market recognition reinforce its position as one of the cybersecurity industry's most innovative and fastest-growing providers of AI-native identity security and privileged access management solutions. Keeper's financial profile combines best-in-class growth, profitability and a debt-free capital structure and is an asset positioned to efficiently lead identity security in the agentic AI age.
"Surpassing $225 million in ARR confirms what we've heard in every enterprise conversation – that securing non-human identities is the defining security challenge of the AI era," said Darren Guccione, CEO of Keeper Security. "We have established an accelerated path to $1 billion in ARR which, coupled with our technology roadmap, will provide optionality for a public offering."
