1Password
Category: AI in Cybersecurity
1Password is an identity security platform that helps individuals, families, and businesses secure credentials and govern access for humans, machines, and AI agents. 1Password was founded in 2005. The company is led by David Faugno. Based in Toronto, Canada. Team size: 1400+. Total funding raised: $920M. Latest round: Series C. Key investors include Accel, ICONIQ Growth, Slack Fund, Salesforce Ventures, Ryan Reynolds.
- Founded
- 2005
- Headquarters
- Toronto, Canada
- Team size
- 1400+
- Total funding
- $920M
Value proposition
To provide identity security that discovers, secures, and audits access across humans, machines, and AI agents—from credential vaulting to just-in-time privileged access—so organizations can adopt AI and automation without losing control.
Products and solutions
1Password for Individuals, 1Password Families, 1Password Business, 1Password Teams, 1Password Enterprise, Secrets Automation, Extended Access Management, Unified Access, Enterprise Password Manager, Device Trust, SaaS Manager, MSP Edition
Unique value
1Password's unique features include 'Watchtower' for security alerts, 'Travel Mode' for securely traveling with data, and a strong focus on user-friendly design and cross-platform compatibility.
Target customer
Individuals, families, and businesses of all sizes, from small businesses to large enterprises.
Industries served
Technology, Finance, Healthcare, Legal, E-commerce, Education, Media
Technology advantage
The core technological advantage is its robust security model, which combines a master password with a unique, locally generated 'Secret Key' for end-to-end encryption. This means even 1Password cannot access user data. Their business advantage lies in their strong brand reputation and focus on both individual and enterprise markets.
How they differentiate
1Password differentiates itself through a strong emphasis on user experience and a human-centric design philosophy, making security accessible to a non-technical audience. It has a reputation for being a premium, secure, and easy-to-use product, particularly within the Apple ecosystem. Key differentiating features include its 'Watchtower' dashboard for security alerts, a command-line interface (CLI) for developers, and advanced features like passkey management and enterprise security solutions.
Main competitors
Dashlane, LastPass, Bitwarden
Key partnerships
Amazon Web Services (AWS), CrowdStrike, TD SYNNEX, Ingram Micro, Oracle Red Bull Racing, Microsoft, Zscaler, Drata, Pax8, Westcon, Perplexity, Browserbase
Notable customers
IBM, Slack, Shopify, Under Armour, Intercom, Salesforce, Stripe, Canva, Associated Press, MongoDB, Hugging Face, Perplexity
Major milestones
Reached a $6.8 billion valuation in 2022., Successfully expanded from a consumer-focused application to a comprehensive enterprise security platform., Named to the Forbes Cloud 100 list for four consecutive years., Surpassed $400M ARR in November 2025., Grew to over 180,000 business customers worldwide., Enterprise vault protects more than 1.5 billion credentials and secrets., Supports over 1 million developers worldwide., Acquired Apono (June 15, 2026) for just-in-time access governance for humans, machines, and AI agents (~$250–300M reported)., Launched Credential Broker (private beta, June 2026) and Privileged Access (July 2026).
Growth metrics
As of November 2025, 1Password surpassed $400 million ARR while remaining free cash-flow positive; serves over 180,000 business customers (including >30% of the Fortune 100) and 1M+ developers. As of June 2026, the enterprise vault protects more than 1.5 billion credentials and secrets. Valuation $6.8B after Series C (2022). Acquired Apono in June 2026 to extend into JIT access governance.
Market positioning
1Password is a market leader in the password management industry, competing in both the business-to-consumer (B2C) and business-to-business (B2B) segments. It is positioned as a premium offering, known for its robust security architecture and polished user interface. The company holds a strong position among individuals, families, and businesses, including a significant presence in the tech and developer communities.
Geographic focus
While headquartered in Canada, 1Password operates on a global scale with a significant customer base in North America and Europe. The competition is also global, with no specific, narrow geographic focus.
Patents and IP
No specific patents are publicly listed, but the company holds trademarks for '1Password' and other brand assets.
About David Faugno
David Faugno is CEO of 1Password, a role he assumed in 2024 (becoming sole CEO in July 2025 after a co-CEO period). He joined in 2023 as President and COO. Prior to 1Password he was a Venture Partner at Accel; before that EVP (CFO and Office of the CEO) at Qualtrics. Earlier roles include CFO of Barracuda Networks (led through IPO), Senior Director of Corporate Finance – M&A at Cisco, and CFO of AT&T EMEA.
Also named in
More AI in Cybersecurity companies
Official website: https://1password.com