How much funding has 1Password raised?

1Password has raised $920M in total funding. Their latest funding round was Series C. Key investors include Accel, ICONIQ Growth, Slack Fund, Salesforce Ventures, Ryan Reynolds.

Where is 1Password headquartered?

1Password is headquartered in Toronto, Canada. The company has a team of 1400+ people.

When was 1Password founded?

1Password was founded in 2005. It is based in Toronto, Canada.

How much funding has 1Password raised?

1Password has raised $920M in total funding. Key investors include Accel, ICONIQ Growth, Slack Fund, Salesforce Ventures, Ryan Reynolds.

Who is the CEO of 1Password?

David Faugno is the CEO of 1Password. The company was founded in 2005.

Where is 1Password located?

1Password is headquartered in Toronto, Canada.

What funding stage is 1Password at?

1Password is currently at the Established stage.

How many employees does 1Password have?

1Password has approximately 1400+ employees.

1Password

Category: AI in Cybersecurity

1Password is a secure password manager that helps individuals, families, and businesses store and manage their passwords, credit cards, and other sensitive information. 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 a secure and user-friendly solution for managing passwords and other sensitive information, enhancing digital security and productivity.

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, Agentic AI Security

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, SandboxAQ, Harvard University, HackerOne, Asana, Golden State Warriors, Octopus Energy, Browserbase, Cresta, Decagon, Midjourney, Runway

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., Secures over 1.3 billion human and machine credentials., Supports over 1 million developers worldwide.

Growth metrics

As of November 2025, 1Password surpassed $400 million in annual recurring revenue (ARR), serves over 180,000 business customers including more than 30% of the Fortune 100, and secures over 1.3 billion credentials. The company reached a valuation of $6.8 billion after its Series C funding round in 2022.

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 was appointed CEO of 1Password in July 2025, after serving as the company's President and Chief Operating Officer. He joined 1Password in 2023. Prior to 1Password, he had extensive experience in executive roles, including EVP and CFO at Qualys and Barracuda Networks, where he led the company through a successful IPO.

Official website: https://1password.com