Digital identity is not well understood in its scope and potential – there are lots of misconceptions about where it is going, so it takes a fair amount of time to get investors to realize the magnitude of the opportunity. What are the biggest challenges that you faced while raising capital?Įxplaining the multiple facets of our story. Investors are more cautious in general because too many crazy deals were made a year ago. However, in its current guise, a password-killer it is not.Ī bit longer than it was for our B round. Biometrics as a technology is a fantastic innovation with many useful applications. However, the use of strong passwords as the main foundation will build up a stronger defense against breaches. As an additional layer of authentication, biometric authorization can provide another useful layer of security, particularly when using services that are especially sensitive like our bank accounts. Combining strong passwords with biometrics technologies is one of the safest, fastest solutions to online identity. Last year we added the Samsung Finger Scanner to the Dashlane Android App. With the increased used of biometrics in identity management, what’s in store for the future? Additionally, Dashlane is selling enterprise licenses to companies of all sizes as we start rolling out more and more enterprise-grade features. A large portion of users are premium users, and most renew their subscription year after year. In Q4 we expect to launch new services with TransUnion in the fraud/ecommerce space.ĭashlane is a “freemium” product it is free on one device, and with a $39.99 subscription, it can be used on an unlimited number of devices. With this investment, we are also looking to expand our services and partnerships with banks and other large financial institutions. Our largest market is the consumer market, but we are seeing more and more companies adopt Dashlane, and we will be focused on capturing more market share in the enterprise space in the future. What market you are targeting and how big is it? Everything is stored on your devices and secured with a powerful encryption. Additionally, Dashlane’s solid stance on our user’s privacy is a key differentiator – we don’t have access to any of your data or information. The ability to receive instant notification and take immediate action is a momentous differentiator that makes Dashlane the cutting-edge password manager that is there for users, wherever and whenever they need it. We constantly need to type, manage, and/or remember names, addresses, phone numbers, credit card numbers, passwords, and more – to the point that life in the digital world is more complicated and less secure than in the real world.ĭashlane is the first password manager to launch automatic password changing technology. In spite of that, 25 years after the creation of the Internet, there is still no universal system for digital identity. Two billion people use the Internet every day. Dashlane is free to use on one device, and Dashlane Premium costs $39.99/year to sync between an unlimited number of devices. The app is available on PC, Mac, Android, and iOS. Dashlane makes identity and checkouts simple with its password manager and secure digital wallet app, and allows users to securely manage passwords, credit cards, IDs, and other important information via advanced encryption and local storage.ĭashlane has helped over 5 million users manage and secure their digital identity. The round brings Dashlane’s total funding to date to $52.5 million.ĭashlane is an award-winning password manager and leader in online identity management. Who were your investors and how much did you raise?ĭashlane raised a Series C funding round of $22.5 million, led by TransUnion and including participation from previous investors Rho Ventures, FirstMark Capital and Bessemer Venture Partners. Today, we sit down with CEO Emmanuel Schalit and about the recent funding round and the new strategy for expanding Dashlane. Dashlane just raised a sizable chunk of capital to be your go to cloud-based password manager with the most sophisticated of security options. With your multiple devices, channels and email addresses, each with their own password nomenclature and guidelines, remembering passwords is not plausible in this day and age and the average person has at least 19 passwords. You could probably prevent a few headaches and save countless hours of work for each time you had to trouble recalling your password or even forced to hit the dreaded ‘Forgot Password?’ link.
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