Dashlane, Inc.

Dashlane, Inc. specializes in identity management and credential security solutions, providing tools that enhance the protection of digital identities for businesses and individuals. Founded in 2009 and headquartered in New York, US, Dashlane, Inc. provides password management and credential protection solutions.

The company, co-founded by Guillaume Maron, Alexis Fogel, Bernard Liautaud, Emmanuel Schalit and Jean Guillou, has raised a total of USD 85 mn in funding, including a Series D round led by Sequoia Capital on May 29, 2019. Dashlane has completed five funding deals with notable investors such as Bessemer Venture Partners and FirstMark Capital. The company currently has a valuation of USD 433. 688 mn.

Dashlane is a prominent provider of password management and credential security solutions designed to enhance the security of digital identities across organizations. Their core offering, the Dashlane OMNIX™ platform, integrates advanced password management with credential protection, enabling businesses to safeguard every employee login while allowing administrators to enforce security policies effectively. With its zero-knowledge architecture and secure cloud infrastructure, Dashlane ensures that sensitive business data remains protected from breaches. The platform caters to a diverse clientele, including over 25,000 organizations and millions of individual users across various sectors such as technology, finance, healthcare, and education, primarily in North America, Europe, and Asia-Pacific markets.

Dashlane's tools are designed for use by IT teams, employees, and organizational leaders, addressing the complexities of credential management in an increasingly digital work environment. Dashlane generates revenue primarily through a subscription-based model, providing businesses with tiered pricing plans that cater to various organizational needs. The subscriptions typically include access to the OMNIX™ platform as well as additional features such as secure cloud storage, password health monitoring, and administrative controls for managing user accounts. Clients engage in annual or monthly contracts, creating a recurring revenue stream for the company.

Dashlane's pricing plans encompass offerings for both business and individual users, reflecting the versatility of their products. The structure of these transactions involves direct sales to businesses, ensuring a steady flow of income while enhancing customer retention through continuous service provision and updates. In May 2019, Dashlane, Inc. raised USD 85 mn in Series D funding led by Sequoia Capital, which will be utilized to enhance product development and expand market reach.

The company is focused on launching new features within the OMNIX™ platform and plans to enter additional geographic markets, specifically targeting Europe and Asia-Pacific by 2023. This funding will support the development of advanced security solutions and the expansion of their user base across these regions.