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Bitwarden raises $100M

bitwarden.com

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Re: Bitwarden raises $100M

#31

Post by cmeacham98 »

michaelmior wrote: post #24
NickHoff wrote: post #10

Bitwarden already does one thing well. It's everything I'm looking for - open source, costs money but not much ($10/yr), 2FA, clean interface. I'm happy for the new investment, but I hope they don't start adding new things just for the sake of growing. Also - to the people who analyze funding rounds - $100M sounds like a huge amount to me. Why would a password manager need so much money?

> Why would a password manager need so much money? The announcement suggests they are looking to also launch their own authentication service and tools for managing application secrets.

How did I have to scroll this far down to find someone who's actually read the post? Everybody seems to think the money is purely for expanding the password manager, while in the post they call out adjacent markets they want to expand to.

I'm cautiously optimistic that this could mean we won't see the end of Bitwarden, as those are areas where companies will pay big money.

Re: Bitwarden raises $100M

#32

Post by aborsy »

chrismorgan wrote: post #19
aborsy wrote: post #4

I would never have someone else manage my passwords for me. You have to trust the server. It could serve the user with malicious JS code or an app update at any time. You can self host it though.

I use Vaultwarden (formerly bitwarden_rs) just for myself. I still use the Bitwarden extension in Firefox, which is a similar attack surface to what you describe, though probably a shade less vulnerable in practice. I’d like to replace it with something leaner and functionally superior (it’s pretty heavy, and has the major problem of mostly not working in Private Browsing windows, and some other timing/focus issues t…

Wouldn’t Firefox’ or chrome’s built-in password manager (with a master password set) be a better way of bringing a few frequently-used low-impact passwords closer to the internet, than a plug-in written by some developer?

Re: Bitwarden raises $100M

#33

Post by [deleted] »

aborsy wrote: post #4

I would never have someone else manage my passwords for me. You have to trust the server. It could serve the user with malicious JS code or an app update at any time. You can self host it though.

[deleted]

Re: Bitwarden raises $100M

#35

Post by bilekas »

This is interesting I guess. But can't say it's something to be excited about.

I've been using vaultwarden purely because I wanted to play around with rust and it turned into my favourite manager of all time.

10/10 would recommend!

Re: Bitwarden raises $100M

#36

Post by jlokier »

NickHoff wrote: post #10

Bitwarden already does one thing well. It's everything I'm looking for - open source, costs money but not much ($10/yr), 2FA, clean interface. I'm happy for the new investment, but I hope they don't start adding new things just for the sake of growing. Also - to the people who analyze funding rounds - $100M sounds like a huge amount to me. Why would a password manager need so much money?

> Why would a password manager need so much money?

The money isn't for the password manager particularly. In the article they list a number of new things they want to develop.

I think there will come a point when most mainstream web services will require "passwordless" authentication, which means users will have to register with one of a few commercial passwordless providers. Think "login to service X with Google/GitHub/Facebook" but more integrated with your phone and biometrics, and no longer optional as email and password authentication go out of fashion.

It makes sense for Bitwarden to aim to be one of those providers, if for no other reason than company survival if passwords and similar tokens become deprecated.

Re: Bitwarden raises $100M

#37

Post by endigma »

sneak wrote: post #12

The trend of open source spyware is really worrisome to me. More often than not these corporate open source projects include spyware features (Bitwarden included) that phone home without user consent. They claim selfhosting is a goal, yet their published client will report on your activity to Microsoft without your consent.

Citation (code snippet(s)?) please.

Re: Bitwarden raises $100M

#38

Post by vishnuharidas »

I always enjoyed the value that Bitwarden provides: free to use, password generator, and a vault to keep other texts. But somehow I never got the TOTP working.

Once I locked out of Bitwarden because of Cloudflare blocking my IP address for some unknown reason. I restarted my router and the problem got fixed.

Re: Bitwarden raises $100M

#39

Post by jrootabega »

yewenjie wrote: post #20

> The Bitwarden business model will not change Bitwarden remains committed to A fully featured free version, forever An open source architecture The ability to self-host Advanced business features This is great!

"I promise I will never die." - Gary Johnston, Team America: World Police

But I agree it's a great thing to strive for.

Re: Bitwarden raises $100M

#40

Post by phphphphp »

NickHoff wrote: post #10

Bitwarden already does one thing well. It's everything I'm looking for - open source, costs money but not much ($10/yr), 2FA, clean interface. I'm happy for the new investment, but I hope they don't start adding new things just for the sake of growing. Also - to the people who analyze funding rounds - $100M sounds like a huge amount to me. Why would a password manager need so much money?

1Password, a competitor, raised ~$650m earlier in the year off the back of exceptional growth. The investment case is likely: Bitwarden are doing well, 1Password are doing very well, maybe Bitwarden can do very well too with some additional capital. Password management is rapidly growing in mindshare, there's a big market and great room for growth, the amounts involved are commensurate with the opportunity -- every single enterprise will have a robust password management setup soon enough.
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