SINGAPORE (Jul 2026) — There are now 150 non-human identities for every single human user in the enterprise, and that massive explosion in AI agents is fueling a major shift in how we stay safe online. Keeper Security just announced it has reached $225 million (approx. PHP 13 billion) in annual recurring revenue as it becomes a primary choice for managing this new wave of digital identities.
Since 2021, the company has seen its revenue grow more than three times over. This growth is largely driven by the rise of “agentic AI” and the need to protect not just people, but the automated systems and machine credentials that run behind the scenes.
The rise of non-human identities
In the current tech environment, identity is the new security perimeter. As Pinoys and global businesses deploy more AI agents and autonomous systems, the number of privileged credentials is growing faster than anyone expected. It is no longer just about keeping a human’s password safe: companies now have to govern every interaction between machines.
Keeper Security co-founder and CEO Darren Guccione says the company is now on an accelerated path to $1 billion (approx. PHP 58 billion) in revenue. This target, along with their current technology roadmap, could eventually lead to a public offering.
Protecting the agentic AI age
The company’s growth is currently outpacing the industry average by four times. A major factor is the launch of KeeperPAM in early 2025, which manages privileged access for both humans and non-human identities. This includes everything from service accounts and machine identities to AI agents and agentic workloads.
Since its launch, the platform has seen its revenue grow 10 times over year-over-year. The company adds an average of 850 new organizations every month, currently protecting over 95,000 groups worldwide, including many Fortune 500 enterprises and public sector agencies.
Craig Lurey, the company’s CTO and co-founder, points out that autonomous agents and machine-to-machine workflows are already operating inside many business environments. Without proper governance or access controls, these systems represent a massive security risk that the platform is designed to solve at scale.
What this means for the future
The firm’s financial profile currently combines high growth with a debt-free structure. By unifying password management, secrets management, and database management into one platform, they are aiming to simplify how organizations handle security in an increasingly complex AI world.
With more than 400 new features added in the last 15 months, the focus remains on staying ahead of the threats that come with AI adoption. For businesses and tech-savvy users, the message is clear: the way we think about digital identity has to evolve as fast as the AI we use.
AI agents now outnumber humans 150 to 1, and this security firm just hit a $225 million milestone because of it
