1Password
Password management software company providing secure password storage, sharing, and digital identity solutions for individuals and businesses.
Company Type
private
Founded
2005
Headquarters
Toronto, Ontario, Canada
About 1Password
1Password provides password management solutions through a subscription-based model. The company's flagship product allows users to store, generate, and autofill passwords securely across multiple devices and platforms. The service includes features like secure password sharing, two-factor authentication, and digital identity management.
The company offers different plans for individuals, families, and businesses. 1Password integrates with web browsers including Safari, Chrome, Firefox, Edge, and Opera, allowing automatic password filling and generation. The service also includes Travel Mode, which removes sensitive passwords from devices during international travel.
1Password has expanded beyond password management to include secure document storage, password health monitoring, and integration with business systems through enterprise solutions.
History of 1Password
1Password was founded in 2005 by Dave Teare and Roustem Karimov, along with their respective partners Sara Teare and Natalia Karimov. The company began as AgileBits Inc., with 1Password developed as a solution to the growing problem of managing multiple passwords across different websites and applications.
The company operated as a bootstrapped business for 14 years, growing organically through product development and customer acquisition. During this period, 1Password built a loyal user base and established itself as a premium password manager known for its security and user-friendly interface.
The major turning point came in November 2019 when 1Password announced a partnership with Accel, which invested $200 million in a Series A funding round. This was the first outside funding in the company's history and the largest single investment Accel had made at that time.
In 2021, 1Password acquired SecretHub, a Dutch cybersecurity company, 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.
The most significant 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 was the largest in Canadian history and brought in celebrity investors.
By September 2023, 1Password had surpassed $250 million in annual recurring revenue, with two-thirds coming from business customers. In November 2025, CEO David Faugno announced that the company had exceeded $400 million in ARR and was considering an IPO in 2026 or 2027.
Brands Owned by 1Password
1Password owns 0 brands in our database.
1Password Ownership: Pros & Cons
Advantages
- +Strong brand recognition in password management
- +Recurring revenue model with high customer retention
- +Growing market due to cybersecurity concerns
- +Enterprise-focused business with high-value customers
- +Celebrity investors providing marketing value
Considerations
- -Intense competition from other password managers
- -Dependence on subscription revenue for growth
- -Security breaches could severely damage reputation
- -Regulatory challenges in different jurisdictions
- -Market saturation in developed countries
Frequently Asked Questions About 1Password
Is 1Password a publicly traded company?
No, 1Password is currently a private company. However, CEO David Faugno announced in November 2025 that the company is considering an IPO in 2026 or 2027.
Who founded 1Password?
1Password was founded in 2005 by Dave Teare, Roustem Karimov, Sara Teare, and Natalia Karimov. The two couples started the company as AgileBits Inc. to solve the password management problem.
What is 1Password's valuation?
Following its $620 million Series C funding round in January 2022, 1Password was valued at $6.8 billion. The company has raised over $920 million in total funding.
How much revenue does 1Password have?
1Password surpassed $400 million in annual recurring revenue as of November 2025, with two-thirds of revenue coming from business customers.
What services does 1Password offer?
1Password provides password management, secure password generation, autofill capabilities, secure sharing, two-factor authentication, and digital identity management for individuals and businesses.
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