Keeper Security Hits $225M ARR, Eyes $1B Path Amid AI Identity Boom
Event summary
- Keeper Security's ARR grew over 3x since 2021, reaching $225M in July 2026.
- Gartner ranked Keeper as the second-fastest-growing security software competitor globally in 2025.
- KeeperPAM revenue grew 10x year-over-year since its February 2025 launch.
- The company adds an average of 850 new organizations monthly.
The big picture
Keeper's rapid growth reflects the escalating need for AI-native identity security as enterprises grapple with the explosion of non-human identities. The company's cloud-native platform, which unifies human and machine identity protection, positions it at the forefront of a market where traditional security perimeters are dissolving. With a debt-free capital structure and accelerating product innovation, Keeper is emerging as a key player in the identity-first security landscape.
What we're watching
- Market Positioning
- Whether Keeper can sustain its 4x industry growth rate as it scales toward $1B ARR.
- AI Security Demand
- How the proliferation of non-human identities will impact enterprise security strategies.
- Competitive Dynamics
- The pace at which competitors like Google and other security vendors adapt to AI-native identity challenges.
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