Dashlane extends its password management tool to enterprises

Opening up its password management tool for enterprises, New York based startup, Dashlane has launched Dashlane Business, which it hopes will allow “IT managers to embrace user-adopted ‘shadow IT’ and strengthen the weakest security link –employees.” Emmanuel Schalit, CEO, Dashlane, said:
“Dashlane Business is the identity access management solution that will put the Chief Security Officer’s mind at ease. It puts a blanket of security over everything that employees adopt in an age where employees can access an endless number of websites in the workplace. It’s also a convenient solution employees will enjoy in today’s technology landscape where they use devices for both work and personal use.”
Dashline claims to allow sync access across all devices, with option for Unicode Transformation Format (U2F) authentication — a new standard for universal two-factor authentication tokens. These tokens can use USB, NFC, or Bluetooth to provide two-factor authentication across a variety of services. Dashline Business segregates ‘Personal’ and ‘Team’ passwords into separate sections what it calls Spaces. The company claims that it has over 5 million consumers in over 150 countries. The freemium version on trial can be availed for a month and later at $2/user per month which scales by volume, with custom setup options available for enterprise licensing. Dashlane’s consumer app is free to use on one device, and its premium version costs $39.99/year to sync between unlimited number of devices. It was founded by Bernard Liautaud and co-founders Alexis Fogel, Guillaume Maron, and Jean Guillou. The company has offices in New York City and Paris and has received $52.5 million in funding from TransUnion, Rho Ventures, FirstMark Capital, and Bessemer Venture Partners. The latest funding of $22.5 million came in May last month.