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PasswordBox Raises $6 Million in Series A Funding Round

PasswordBox, a maker of software solutions that help users keep track of passwords across computers and mobile devices, today announced it has raised $6 Million in a Series A funding round.

The San Francisco-based company said that it plans to use the funds to continue scaling and growing its team.

Password Box Logo

"Thirty eight percent of Americans believe it would be easier to achieve world peace than to remember all of their online passwords," said Dan Robichaud, PasswordBox CEO. "PasswordBox offers a simple and highly secure password management solution. We've now reached over one million users, and continue to grow both as a company and team."

According to the company, PasswordBox generates strong passwords that provide users with military-level protection of their information, and manages more than just passwords.

Additional features allow users to share access to their accounts with others without divulging their passwords, and to entrust their digital assets, including movies, music or photos to others. '

"People have too many passwords to remember. Using more complex passwords just compounds the issue, while more simple or repetitive passwords can be vulnerable to security issues,”said Damien Steel, Director at OMERS Ventures. “PasswordBox fills an important need, providing a secure, easy-to-use solution users can access from any location, on any device."

PasswordBox is currently available for Chrome, Firefox, Safari, IE9, IE10, iPhone, iPad & Android Apps Mac & Windows OS.

The funding was led by OMERS Ventures, and includes angel investors, involving Mark Britto, CEO of BOKU and Lee Linden, Head of Facebook eCommerce.

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.