Bitwarden
Open source password manager and secrets management platform for individuals, teams and enterprises.
- Cybersecurity
- active
- Founded 2015
- Researched Sep 2026
The story
Founded by developer Kyle Spearrin in 2015 as a hobby project responding to LastPass's acquisition by LogMeIn, Bitwarden grew into an open-source password manager used by millions, expanding into secrets management and passwordless/passkey tools for businesses. It took a $100 million growth investment from PSG and Battery Ventures in 2022, and in early 2026 underwent a leadership shakeup, installing a new CEO with a private-equity M&A background while Spearrin shifted from CTO to Chief Innovation Officer. It remains a private, Santa Barbara-based company serving individuals, teams, enterprises and developers.
Timeline
Kyle Spearrin starts Bitwarden
Built as open-source alternative after LastPass's LogMeIn acquisition.
First public release
Chrome extension, mobile app and web vault launched, built with Xamarin.
New CEO and CFO join
Michael Crandell (CEO) and Stephen Morrison (CFO) join company.
$100M PSG-led investment
Growth equity round led by PSG with Battery Ventures.
Bitwarden Authenticator launches
Standalone two-factor authenticator app released on iOS.
Leadership change
Michael Sullivan becomes CEO; Spearrin moves to Chief Innovation Officer.
Founders
Kyle Spearrin
Founder & Chief Innovation Officer
Ex-software architect at iMobile3; started Bitwarden in 2015, was longtime CTO.
12 sourcesEvery fact above links back to these.
- About Us | Bitwardenbitwarden.com
- Bitwarden Announces $100 Million Growth Investment Led by PSGbusinesswire.com
- Remote Work Means More Demand For Privacy Tools, Bitwarden Is Answering The Calldot.la
- Bitwarden scrubs 'Always free' and 'Inclusion' values from its website as longtime execs step downfastcompany.com
- Q&A with Bitwarden Founder and CTO | Bitwardenbitwarden.com
- How Bitwarden's Founder Built an Open-Source Password Manager, and Why It Stays Freetwit.tv
- Bitwarden | LinkedInlinkedin.com
- Bitwarden 2026 Company Profile | PitchBookpitchbook.com
- Domain RDAP registration record (registrar: Cloudflare, Inc.), provided evidence
- Bitwarden Password Manager - App Storeapps.apple.com
- Bitwarden Authenticator - App Storeapps.apple.com
- Kyle Spearrin - Founder, Chief Innovation Officer at Bitwarden - LinkedInlinkedin.com