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$110m

Valuation: $110m

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LastPass is a leading provider of password management and secure vault solutions, serving both individual users and businesses. Operating in the cybersecurity market, LastPass offers a comprehensive suite of tools designed to enhance online security and streamline the management of passwords and sensitive information. The core product is a password manager that securely stores and auto-fills passwords, reducing the risk of breaches and improving user convenience. LastPass also provides features such as secure notes, form filling, and multi-factor authentication to further protect user data.

The business model is subscription-based, with revenue generated from individual premium accounts and enterprise solutions. Individual users can opt for a free version with basic features or upgrade to a premium plan for additional functionalities. Businesses can choose from various plans tailored to their needs, including advanced security features, administrative controls, and compliance tools.

LastPass operates in a competitive market but differentiates itself through ease of use, robust security measures, and a strong reputation for reliability. The company serves a diverse client base, from individual consumers seeking to protect their personal information to large enterprises requiring comprehensive security solutions.

Keywords: password management, secure vault, cybersecurity, multi-factor authentication, subscription-based, enterprise solutions, online security, data protection, administrative controls, compliance tools.

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Investments by LastPass

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ACQUISITION by LastPass Dec 2010