Keeper Security said on July 9 that it reached US$225 million in annual recurring revenue, more than tripling from 2021, as demand rose for identity security software.

The Chicago-based cybersecurity company started in password management and has expanded into privileged access, secrets, remote connections, endpoints, and database access through its KeeperPAM platform.

The company said it serves more than 95,000 organizations.

Keeper said Gartner’s Market Share Analysis: Security Software, Worldwide, 2025 ranked it second to Google among the fastest-growing companies in the global security software market, based on 53.42% year-over-year revenue growth vs. a 15.50% market average.

KeeperPAM revenue has grown 10x year over year since its February 2025 launch, reflecting broader demand for identity security. CyberArk said machine identities now outnumber human ones, and 79% of organizations expect that number to keep rising.

CEO Darren Guccione said the milestone could support a public offering as Keeper works toward US$1 billion in annual recurring revenue.

🔗 Source: Keeper Security