passbolt Competitive Intelligence & Landscape

Passbolt (passbolt.com) is an open-source password manager for teams that specializes in secure credential and secret management. The company provides a platform designed to help organizations centralize, organize, and securely share digital credentials, aiming to streamline collaboration, enhance security, and ensure traceability in password sharing.

Passbolt targets security-conscious IT teams, agile, and DevOps teams, while also being simple enough for company-wide adoption across businesses of any size, from teams of 5 to organizations of 5000.

Passbolt offers a collaborative password manager that centralizes the secure storage, sharing, and management of digital credentials. Its core products include both an on-premise installation option and a Passbolt Cloud service. The platform operates with server, browser, desktop, and mobile clients, allowing users to securely store, share, and manage passwords, notes, and OTP credentials.

Passbolt emphasizes features that empower teams to securely share credentials, untangling the chaos of insecure password sharing, and reclaiming productivity and control.

While the first version of the platform was created 12 years ago (prior to the blog post in which it was mentioned), the company Passbolt SA was established in 2011. It is headquartered in Belvaux, Luxembourg, and is officially recognized with the “Made in Luxembourg” label.

Passbolt has garnered significant traction, being used by over 50,000 organizations worldwide, including governments, defense agencies, and various IT companies. Notable users include Bosch, Ministère de l'intérieur, GLS, and several universities.

Passbolt's mission is to help modern digital teams align their productivity, security, and data privacy requirements by providing a single platform to manage the entire password lifecycle. The company is SOC 2 Type II Compliant, GDPR compliant, a member of the FIDO Alliance, and has entered the ANSSI CSPN certification process. In an exciting milestone, Passbolt recently raised an $8 million Series A funding round, led by Airbridge Equity Partners.

Passbolt (passbolt.com) offers an open source password manager designed for IT and DevOps teams but adaptable for any business size, from a team of 5 to an organization of 5000 [https://www.passbolt.com/]. The platform provides secure credential sharing, aiming to untangle insecure password collaboration and enhance productivity and traceability [https://www.passbolt.com/]. It supports managing various credentials including SSH keys, cloud account passwords, and API tokens [https://www.passbolt.com/solutions/for-devops], with features like private and shared folders, user and group management, and Role Based Access Control [https://www.passbolt.com/pricing/pro].

Passbolt offers both self-hosted and cloud-managed solutions. The Passbolt Pro self-hosted option is priced at €4.5 per user per month, billed annually, with a minimum of 10 users and volume discounts starting after 100 users [https://www.passbolt.com/pricing/pro]. This plan includes unlimited users, is open source under the AGPLV3 license, and offers features such as secret key authentication (2FA) and additional factor authentication [https://www.passbolt.com/pricing/pro]. For those requiring custom solutions or enterprise-level features, Passbolt Pro Enterprise allows companies to request a custom quote, including options for installation services, premium support, high availability, disaster recovery setup, on-premise management, and customization [https://www.passbolt.com/contact/pro/enterprise].

The Passbolt Cloud option is available with two pricing structures: €6 per user per month when billed monthly, and €5 per user per month when billed annually, both requiring a minimum of 10 users [https://www.passbolt.com/pricing/cloud]. The cloud service is hosted in Belgium and Germany on GCP datacenters, or in Luxembourg within a sovereign private data center, offering free yearly full database backups and next business day email support [https://www.passbolt.com/pricing/cloud]. Both cloud options are SOC2 Type II Audited, with the Luxembourg hosting environment also being ISO-27001 certified and compliant with GDPR, NIS2 & DORA [https://www.passbolt.com/pricing/cloud]. Users can try Passbolt for free for various solutions, including those for IT Teams, DevOps, and Public Institutions [https://www.passbolt.com/solutions/for-it-teams].

Passbolt emphasizes its open-source nature, allowing for thorough security auditing and ensuring sensitive data resides within the user's infrastructure with self-hosted, air-gapped security architecture for public sector compliance [https://www.passbolt.com/solutions/for-public-institutions]. The platform is built with a security-first, privacy-centric approach, is made in Europe, and is highly versatile [https://www.passbolt.com/about]. Recent updates, such as Passbolt 5.0, focus on a redesigned user experience to simplify collaboration on access and credentials for both technical and non-technical users [https://www.passbolt.com/blog/passbolt-5-0-released-a-simpler-way-to-share-credentials-at-scale].

Passbolt (passbolt.com) demonstrates a strategic approach to hiring, focusing on careful expansion rather than rapid growth. The company emphasizes its company culture and takes significant time in its recruitment process, as evidenced by its journey from 7 to 15 collaborators over an entire year. This deliberate pace suggests a commitment to finding individuals who are a strong cultural fit and contribute to the long-term vision of the open source password manager for teams.

Recent funding, specifically an 8M Series A round led by Airbridge, is set to accelerate Passbolt's mission. This investment is earmarked to grow the team, indicating an anticipated increase in hiring to fast-track the development and delivery of new features for both its free community edition and paid offerings. Despite being financially profitable prior to this funding, Passbolt is leveraging the investment to enhance its workforce and product offerings.

While specific recent job openings are not detailed, Passbolt's Human Resources Privacy Policy outlines how job seekers' information is handled during the application and recruitment process, implying ongoing recruitment efforts. The growth from 15 to 30 collaborators by the time 100% of their source code was audited further highlights a consistent, albeit measured, hiring trend. The company's headquarters are in Belvaux, Luxembourg, reinforcing its identity as a "Made in Luxembourg" product.

There is no indication of layoffs mentioned in the provided information. Instead, the focus is on growth and expansion, particularly to empower digital teams with secure password, access, and secrets collaboration. This sustained growth, supported by strategic funding, signals a strong commitment to enhancing its product and expanding its market reach within the credential management platform sector for security-conscious IT teams.

Passbolt has successfully secured significant funding rounds to fuel its growth. The company closed an initial total funding round of 3 million EUR to scale its team and accelerate product development. More recently, Passbolt announced an 8 million Series A funding round led by Airbridge Equity Partners, with participation from existing investors including Expon Capital's Digital Tech Fund, ScaleFund, Seeder, Dedicated, Bondi Capital, Carricha Capital, and LBAN [https://www.passbolt.com/blog/passbolt-raises-8m-series-a-led-by-airbridge]. This capital injection is intended to scale operations and meet the demand for their open-source security solutions, highlighting market interest in transparent credential management [https://www.passbolt.com/blog/2025-a-year-in-review].

Financially, Passbolt has demonstrated strong growth, reporting a 115% increase in revenue in 2022. During the same year, they also saw an 8K increase in Pro & Cloud users, representing a 47% increase from the previous year, and a 285% increase in organizations using Passbolt [https://www.passbolt.com/blog/2022-a-year-in-review]. The company's customer base includes over 50,000 organizations worldwide, encompassing governments, defense agencies, and IT companies [https://passbolt.com/]. As of a recent update, Passbolt boasts 2000 customers, including governments and defense agencies [https://www.passbolt.com/about].

Passbolt offers various pricing models for its password management solutions, catering to different organizational needs. The Passbolt Pro self-hosted version is priced at €4.5/month per user, billed annually, with a minimum of 10 users and volume discounts for over 100 users [https://www.passbolt.com/pricing/pro]. For its cloud offerings, Passbolt provides Business, Sovereign, and Enterprise options, with pricing models ranging from per-user (pay-as-you-go) monthly/yearly for Business to tailor-made for Enterprise [https://www.passbolt.com/pricing/cloud]. The company also operates a reseller program, where partners can earn commissions ranging from 10% to 30% on Passbolt contracts, with commission tiers tied to annual revenue generated for Passbolt, starting from €3,500 for Official: Silver partners and going up to €150,000 for Official: Platinum partners [https://www.passbolt.com/reseller].

Passbolt actively participates in and contributes to various industry events and communities. In 2024, the Passbolt team attended FOSDEM, a prominent gathering for free and open-source software enthusiasts in Brussels, providing an opportunity to connect with other open-source communities, share insights, and explore innovations in the field [https://www.passbolt.com/blog/fosdem-2024-retrospective].

The company also engages with its audience through webinars and online workshops. When users inquire about Passbolt products or free trials, they are asked "Where did you hear about Passbolt?", with options including "Tech Conference or Event" and "Webinar or Online Workshop," indicating these are active channels for engagement [https://www.passbolt.com/contact/sales].

Passbolt has also published a webinar slide deck focusing on its integration with SUSE Linux Enterprise, highlighting its capabilities as an open-source credential manager for collaboration and secret management in pipelines [https://www.passbolt.com/sles/Passbolt_SUSE_Linux_Enterprise_Webinar_Slides.pdf].

Beyond direct participation, Passbolt's activities suggest engagement with security certification processes, such as its formal submission for ANSSI CSPN certification, following months of preparation with Quarkslab [https://www.passbolt.com/blog/passbolt-enters-the-cspn-certification-process]. This demonstrates their commitment to independent security assessments and transparency. The company also fosters a community forum where topics such as product reviews and community feedback are discussed [https://community.passbolt.com/t/tech-expert-gary-sims-asks-is-passbolt-5-the-best-open-source-password-manager-for-teams/12867].