Open source password management platform Bitwarden has made its first known acquisition, snapping up a fledgling Sweden-based startup called Passwordless.dev, which specializes in helping developers integrate passwordless authentication technology into their software.
The news comes shortly after 1Password and LastPass rival Bitwarden announced its first outside funding since its inception in 2015, securing $100 million from PSG and Battery Ventures. The company also revealed at the time that it had raised a previously undisclosed Series A round in 2019.
The password problem
Similar to other password management services, Bitwarden is designed to make it easier for individuals and enterprises to automatically create hard-to-guess passwords, and store them all in a secure vault. It’s all about helping people to not re-use the same predictable password across all their online services. Bitwarden’s key selling point, though, is that it’s op …
