# LastPass

> LastPass is a cloud-based password and identity management company that lets people, families and businesses store, generate and share credentials from an encrypted vault protected by zero-knowledge, AES-256 encryption. Founded in 2008 and now an independent company again after spinning off from GoTo in 2024, LastPass serves more than 100,000 businesses and tens of millions of users worldwide. Under CEO Karim Toubba, the company is expanding beyond password management into a broader 'Secure Access Essentials' platform that adds SaaS/AI app discovery, access control and single sign-on directly through the browser.

- **Founded:** 2008
- **Headquarters:** Boston, Massachusetts, United States
- **Founders:** Joe Siegrist (Co-founder & former CEO), Robert Billingslea (Co-founder), Sameer Kochar (Co-founder)
- **Team size:** 800+ employees globally
- **Products:** LastPass Free, LastPass Premium & Families, LastPass Business & Teams, LastPass Authenticator, Secure Access Essentials
- **Notable:** Grew from a basement startup in 2008 to one of the world's most recognized password managers., Acquired by LogMeIn for $110 million in 2015., Successfully spun off into an independent company in May 2024 with a dedicated cybersecurity focus.

## Products & services

- **LastPass Free** — Free personal password manager with an encrypted vault, password generator, autofill and cross-device sync.
- **LastPass Premium & Families** — Paid consumer plans adding dark web monitoring, emergency access, encrypted file storage and shared family folders.
- **LastPass Business & Teams** — Business password management with admin controls, SSO, MFA, provisioning and a security dashboard for 100,000+ organizations.
- **LastPass Authenticator** — Free multi-factor authentication app for one-tap and code-based login verification.
- **Secure Access Essentials** — Browser-based platform bundling SaaS/AI app discovery, access control and secure sign-in (passwords, SSO, MFA) for lean IT teams.
- **Mobile Smart Scanner** — Converts a photo of a typed or handwritten credential into a structured, autofillable vault entry.

## Achievements

- Grew from a basement startup in 2008 to one of the world's most recognized password managers.
- Acquired by LogMeIn for $110 million in 2015.
- Successfully spun off into an independent company in May 2024 with a dedicated cybersecurity focus.
- Serves more than 100,000 businesses worldwide, including 8,000+ Australian businesses.
- Launched a dedicated Threat Intelligence, Mitigation and Escalation (TIME) team following its 2022 incident.
- Introduced the industry's first tool to convert a photo of a written credential into a saved vault entry (Mobile Smart Scanner, 2026).

## Latest updates

- **2026-04** — LastPass expanded its mission and launched Secure Access Essentials, Mobile Smart Scanner, a new Mac desktop app and a modernized security dashboard; appointed Chris Michelmore as Chief Revenue Officer.
- **2026-03** — Unveiled its browser-based Secure Access Essentials approach targeting SaaS and AI access risks for small and mid-sized businesses.
- **2025** — Settled a class-action lawsuit related to the 2022 breach for $24.5 million; UK ICO issued a penalty in November 2025.
- **2024-05** — Completed its spinoff from GoTo to become an independent company controlled by Francisco Partners and Elliott Investment Management.

## Links

- Website: https://lastpass.com
- LinkedIn: http://www.linkedin.com/company/lastpass
- Twitter/X: https://twitter.com/LastPass
- YouTube: https://www.youtube.com/user/lastpass
- Facebook: https://facebook.com/LastPass

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Profile page: https://yespress.io/lastpass
Published by YesPress — https://yespress.io
Last updated: 2026-07-14