1Password

What does 1Password own?
1Password primarily owns and operates its flagship password management and identity security platform. The company has acquired several smaller technology firms, such as SecretHub and Passage, integrating their technologies directly into the 1Password ecosystem.

Is 1Password publicly traded?
No, 1Password is currently a privately held company. However, the company's leadership has publicly stated they are considering an Initial Public Offering (IPO) in the 2026 or 2027 timeframe.

Who founded 1Password?
1Password was founded in 2005 by Dave Teare, Roustem Karimov, Sara Teare, and Natalia Karimov. The founders originally created the software as a side project to manage their own passwords.

Where is 1Password headquartered?
1Password is headquartered in Toronto, Ontario, Canada. The company maintains a strong remote work culture with employees distributed globally.

How many brands does 1Password own?
1Password operates fundamentally as a single brand company, focusing all its products and services under the 1Password name.

Who owns 1Password?
1Password is owned by its founders, employees, and a group of venture capital and growth equity investors. Major institutional investors include Accel and Iconiq Growth, alongside several celebrity investors.

What is 1Password's revenue scale?
As of late 2025, 1Password reported surpassing $400 million in Annual Recurring Revenue (ARR), with the majority of that revenue coming from its enterprise and business customers.

What is 1Password's sustainability commitment?
1Password launched its Environmental, Social & Governance (ESG) policy in April 2025, focusing on reducing environmental footprint, maintaining privacy-focused practices, and supporting cybersecurity education through community programs.

How does 1Password approach AI security?
1Password is introducing a trust layer for AI that keeps passwords, keys, and credentials secure and traceable whether used by humans or AI systems, including innovations like Secure Agentic Autofill and Perplexity Comet integration.

1Password was founded in 2005 in Toronto, Canada, by Dave Teare and Roustem Karimov, along with their respective partners Sara Teare and Natalia Karimov. Operating under the name AgileBits Inc., the founders initially created 1Password as a side project. The software was developed to solve their own problem of managing multiple passwords across different websites and applications during the early days of the modern web.

The company operated as a completely bootstrapped business for its first 14 years, growing organically through product development and word of mouth customer acquisition. During this period, 1Password built a highly loyal user base, particularly within the Apple ecosystem, and established itself as a premium password manager known for its security architecture and user friendly interface. Originally, the software was sold as a standalone application with a one time licensing fee.

A major strategic pivot occurred when 1Password transitioned to a subscription based cloud model. This shift allowed the company to offer continuous updates, cross platform synchronization, and enter the lucrative enterprise market.

The most significant turning point in the company's financial history came in November 2019 when 1Password announced a partnership with Accel, which invested $200 million in a Series A funding round. This marked the first outside funding in the company's 14 year history.

In 2021, 1Password acquired SecretHub, a Dutch cybersecurity company focusing on secrets management for developers, and raised an additional $100 million at a $2 billion valuation. The company continued its expansion in 2022 with the acquisition of Passage, a Texas based passkey tool provider, accelerating its transition toward passwordless authentication technologies.

The most substantial funding event occurred in January 2022 when 1Password raised $620 million in a Series C round led by Iconiq Growth, increasing the company's valuation to $6.8 billion. This round brought in several high profile celebrity investors, including Ryan Reynolds and Robert Downey Jr.

By late 2025, 1Password reported surpassing $400 million in annual recurring revenue, with over 75% of that revenue generated from business customers. The company also announced executive leadership changes, appointing a new President and Chief Business Officer, while CEO David Faugno publicly indicated the company was weighing an Initial Public Offering (IPO) for late 2026 or 2027.

1Password prioritizes sustainability and ethics in its operations and product development. The company has implemented various initiatives to reduce its environmental footprint, promote diversity and inclusion, and ensure transparency in its business practices.

Environmental Sustainability

1Password aims to minimize its environmental impact through sustainable business practices and carbon-conscious operations. The company has implemented programs to reduce energy consumption, waste, and emissions from its operations.

Social Responsibility

1Password is committed to social responsibility and community engagement. The company supports various initiatives and organizations that promote cybersecurity education, digital literacy, and online safety.

Governance and Ethics

1Password maintains strong governance and ethics practices, ensuring transparency and accountability in its business operations. The company has established a robust compliance program to ensure adherence to regulatory requirements and industry standards.

1Password has received numerous awards and recognition for its innovation, growth, and commitment to sustainability and ethics.

• 2025 Fast Company Brands That Matter: 1Password was named to Fast Company's 2025 Brands That Matter list in the Brands That Matter Global category, recognizing brands that resonate deeply with people and communities beyond customer acquisition.
• 2024 Fast Company Innovation by Design: 1Password was recognized in the security category of Fast Company's Innovation by Design award list, highlighting its innovative approach to security solutions and user experience design.
• Forbes Cloud 100: 1Password has been recognized in Forbes Cloud 100 list, acknowledging its position among top cloud companies and innovation in enterprise technology.
• Fortune Cyber 60: The company has been included in Fortune's Cyber 60 list, recognizing its leadership and innovation in the cybersecurity industry.

1Password is a privately held company founded in 2005 as AgileBits Inc. by Dave Teare, Roustem Karimov, Sara Teare, and Natalia Karimov. The Toronto based company provides secure password storage and digital identity solutions, serving millions of customers and over 180,000 business clients with $400 million in annual recurring revenue.

As a major cybersecurity provider, 1Password faces intense scrutiny regarding its security practices and pricing models, though it has largely avoided the severe security breaches that have impacted some competitors.

Pricing and Subscription Model Backlash: 1Password has faced periodic criticism from its legacy user base regarding pricing changes and the forced transition from standalone software licenses to a mandatory subscription model. A recent notable backlash occurred when the company announced price increases for individual plans, drawing criticism from users on platforms like Reddit and tech forums. The company responded by stating the increases were necessary to fund ongoing security, infrastructure, and innovation investments.

Transition to Electron Framework: The company faced significant pushback from power users and developers when it transitioned its desktop applications (particularly on macOS) to the Electron framework in 1Password 8. Critics argued the new app was heavier, less native feeling, and consumed more system resources compared to previous native versions. Despite the controversy, 1Password maintained the architectural change to unify its codebase across platforms.