Keeper Security Hits $225M Annual Recurring Revenue, Up 3x Since 2021

According to Keeper Security, the Chicago-based cybersecurity company reached $225 million in annual recurring revenue on July 9, more than tripling from 2021, driven by rising demand for identity security software. The company serves more than 95,000 organizations and has expanded from password management into privileged access, secrets, and database protection via its KeeperPAM platform. Gartner ranked Keeper second globally among fastest-growing security software firms in 2025, with 53.42% year-over-year revenue growth versus a 15.50% market average. KeeperPAM revenue has grown 10x year-over-year since its February 2025 launch.
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