Password Manager Dashlane Closes $30 Million in Funding

In a recent round of funding, the password manager company Dashlane closed $30 million, bringing their total funding to over $100 million. The company also announced that Seth Farbman, former CMO of Gap Inc. and Spotify, will join their board of directors. Dashlane has over 10 million users around the world as of June 2018 and offers many supplementary cybersecurity features like a dark web scan, identity theft insurance, and a VPN.

Related: Dashlane Password Manager Review

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Dashlane Desktop on Windows. Photo provided by Dashlane.

In a recent press release from Dashlane, Farbman said,

“I am excited to join the board of Dashlane, a company with the right vision for the internet at the right time…Technology is meant to empower people and make their lives easier, and that is at the very core of what Dashlane does.”

How can Password Managers help with Security Breaches?

Password managers like Dashlane are particularly useful in the event of company-wide data breaches. Last year, Twitter asked all of its users to change their passwords “out of an abundance of caution.” They had discovered a bug which stored unencrypted passwords in an internal log.

Dashlane allows users to change old passwords automatically using their password generator, which creates long and complicated passwords. Users can also add two-factor authentication in the form of a numerical code sent to their smart phones. Other password managers offer multi-factor authentication in the form of biometrics like fingerprint or facial recognition to increase account security.

GDPR and Facebook Privacy Scandal Concerns Customers

With so many security breaches from large Internet companies, people are starting to worry more and more about their digital privacy says Emmanuel Schalit, Dashlane’s CEO. He cites Europe’s adoption of GDPR and the Facebook privacy scandal as catalysts for public concern about digital privacy.

“It’s also an exciting time for Dashlane as a business, and we’re proud to have the support of our investors and fantastic new talent like Seth Farbman on our board as we enter this new phase of our growth. Dashlane’s commitment to empowering individuals to reclaim their digital independence has never been stronger,” Schalit says.

Aliza Vigderman

Aliza Vigderman

Aliza is a journalist living in Brooklyn, New York. Throughout her career, her work has spanned many intersections within the tech industry. At SquareFoot, a New York-based real estate technology company, she wrote about the ways in which technology has changed the real estate industry, as well as the challenges that business owners face when they want to invest in property. At Degreed.com, an education technology website, Aliza created digital content for lifelong learners, exploring the ways in which technology has democratized education. Additionally, she has written articles for The Huffington Post as well as her own content on Medium, the online publishing platform. Aliza’s love of journalism and research stems from the excellent Journalism program at Brandeis University. At Brandeis, Aliza interned as a research assistant at the Schuster Institute for Investigative Journalism, a non-profit “news room without walls”. There, Aliza was paired with an investigative journalist and used academic databases to obtain data on everything from the suicide rates in Bhutan to local Boston court cases. Her last position was as an account executive at Yelp, educating business owners on the power of technology to increase revenue. Throughout, however, her heart remained with tech journalism, and she’s thrilled to be writing for Security Baron. When she’s not keeping afloat of the latest tech trends, Aliza likes to cook, read, and write. A former high school “Class Clown,” Aliza has completed two feature-length screenplays, a pilot, and countless comedic sketches. On her days off you can find her relaxing in Prospect Park, trying the latest flavors at Ample Hills Ice Cream, and spending time with friends and family.

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