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§ Private Profile · Toronto, Canada
Password manager and identity security for individuals and businesses, with encrypted storage and access to credentials.
1Password is a password management and identity security platform based in Toronto, Ontario, that provides encrypted credential storage and access management solutions for individuals and enterprises. The company serves over 180,000 business customers and millions of individual users, supported by a global workforce of more than 1,400 employees. Operating on a subscription-based software-as-a-service model, the firm reached $400 million in annual recurring revenue by late 2025. 1Password achieved a $6.8 billion valuation following a $620 million Series C funding round in January 2022, backed by investors such as Accel and Ryan Reynolds. The platform secures infrastructure for major corporate clients including IBM, and expanded its device security capabilities through the 2024 acquisition of Kolide. The company was founded in 2005 by Dave Teare, Roustem Karimov, Sara Teare, and Natalia Karimov.
1Password has raised $1.0B across 4 funding rounds.
1Password has raised $1.0B in total across 4 funding rounds.
1Password is a cybersecurity company that builds enterprise-grade password management and Extended Access Management solutions to secure identities, logins, and devices.[1][2][4] It serves over 180,000 businesses—from Fortune 100 companies to innovative AI firms—as well as individuals and families, solving the problem of insecure credential management in a SaaS- and AI-driven world by enabling secure, productive access without friction.[1][3][7] The platform stores and autofills sensitive data like passwords, payment info, and secrets, while pioneering passwordless options like passkeys, fostering growth through rapid innovation and trust from millions of users.[3][5][8]
Founded in 2005 in Toronto, Canada, by AgileBits Inc., 1Password emerged as a response to growing needs for secure password storage amid rising online threats.[4] The idea stemmed from creating a simple digital vault for individuals and families to manage credentials across devices, evolving from personal use to enterprise solutions as remote work and SaaS proliferation demanded robust sharing and security.[3][8] Early traction came from its cross-platform autofill and form-filling tools, which captivated teams; pivotal moments include launching Passage (a passkey solution) in 2023 and pioneering Extended Access Management for AI agents, solidifying its market leadership.[1][3][8]
1Password rides the wave of identity security in an era of exploding SaaS tools, remote work, and AI agents, where breaches cost $4.35 million on average and credential overload burdens teams.[7][8] Timing aligns with passwordless shifts (passkeys) and developer needs for secrets automation, countering market forces like rising hacks via human-centric tools that integrate seamlessly.[3][8] It influences the ecosystem by setting standards in Extended Access Management, empowering devs and enterprises to adopt AI securely, and fostering habits that strengthen internal security postures amid digital transformation.[1][6][8]
1Password's momentum positions it for explosive growth through products like Secrets Automation and Psst! for cross-org collaboration, expanding its platform into developer and enterprise workflows.[8] Trends like AI-driven threats, zero-trust models, and passkey adoption will propel it, evolving its influence from password pioneer to comprehensive identity leader. As cybersecurity stakes rise, 1Password's human-first mission—unleashing productivity without compromise—will define secure digital futures for businesses and individuals.[1][2][6]
1Password has raised $1.0B across 4 funding rounds. Most recently, it raised $100.0M Other Equity in October 2025.
1Password has raised $1.0B in total across 4 funding rounds.
1Password's investors include Manoj Apte, Scott McNealy, Flume Ventures, Halo Fund III, Will Griffith, 8VC, Abstract Ventures, A Capital, Accel, AirAngels, AIX Ventures, Allegion Ventures.