Keeper Security Hits $225M ARR as AI Agents Reshape Identity Defense

Since 2021, the company’s revenue has tripled, supported by a customer base of 95,000 organizations, including various Fortune 500 enterprises. Gartner identified the firm as the second-fastest-growing security software provider globally in 2025, trailing only Google. This momentum is largely attributed to the February 2025 launch of KeeperPAM, a unified platform designed to manage privileged access for databases, service accounts, and agentic workloads. Revenue for this specific product has seen a tenfold increase year-over-year, with the company onboarding an average of 850 new organizations monthly.

CEO Darren Guccione argues that identity has become the primary security perimeter for the modern enterprise. With non-human identities now outpacing human ones by a ratio of 150:1, the firm is banking on its zero-trust and zero-knowledge architecture to mitigate risks that traditional security tools often overlook. CTO Craig Lurey noted that many autonomous agents and large language models currently operate inside corporate environments without adequate governance or secrets management. With a debt-free capital structure and a clear trajectory toward $1 billion in ARR, Keeper Security is preparing for a potential public offering, aiming to cement its role as the industry standard for the AI era.