What is 1Password?

What is 1Password?

1Password is a Canadian identity security company that helps individuals, families, and businesses store, manage, and govern passwords, passkeys, secrets, and access credentials across every device and application. Founded in 2005 and bootstrapped for 14 years before taking institutional capital, it has grown into one of the world's leading cybersecurity platforms with more than $400 million in ARR as of late 2025.

1Password serves 180,000 business customers — including more than 30% of the Fortune 100 and over two-thirds of the Forbes AI 50 — and secures more than 1.3 billion human and machine credentials globally. The company supports over 1 million developers and generates more than 75% of its revenue from enterprise clients, maintaining a gross retention rate above 90%. Consumer and family plans serve millions of individual users worldwide.

The platform has evolved well beyond consumer password management. Its Extended Access Management (XAM) suite, launched in May 2024 following the acquisition of Kolide, extends zero-trust security to every device and SaaS application in an organization — managed or unmanaged by IT. The June 2026 acquisition of Apono (reported $250M–$300M) adds just-in-time access governance for AI agents, machines, and humans, positioning 1Password as the control plane for agentic AI workloads.

Headquartered in Toronto and operating as a remote-first company with roughly 2,950 employees worldwide, 1Password is valued at $6.8 billion (last confirmed in its January 2022 Series C and reaffirmed by an October 2025 secondary transaction). The company is free cash-flow positive and has publicly stated plans to pursue an IPO, targeting $1 billion in ARR as its next milestone.

Sources:1Password $400M ARR — BusinessWire1Password Acquires Apono — SecurityWeek

What does 1Password offer?

1Password's product suite spans consumer password management, enterprise credential governance, device trust, shadow IT discovery, and AI-agent identity security.

Sources:1Password Extended Access Management — BetaKit1Password Acquires Apono — SecurityWeek

How does 1Password make money?

1Password operates a subscription SaaS model with tiered plans ranging from $3.99/month for individuals to custom enterprise contracts, with more than 75% of revenue driven by enterprise clients.

Consumer plans form the base of the funnel and power 1Password's bottom-up enterprise motion. The Individual plan runs $3.99/user/month billed annually ($47.88/year). The Families plan at $5.99/month covers up to five members ($71.88/year). Developers and employees who adopt 1Password personally often become internal champions, accelerating enterprise adoption without traditional field sales.

Business plans layer in identity management capabilities and administrative controls. Teams Starter is a flat $19.95/month for up to 10 users. Business is $7.99/user/month ($95.88/user/year) and includes SSO integration, directory sync via SCIM, and advanced reporting. Enterprise pricing is custom and unlocks the full Extended Access Management suite — device trust, shadow IT discovery, just-in-time access governance, and dedicated account management — with organizations of 100+ users typically qualifying. All business tiers require annual prepayment.

Growth is driven by seat expansion within enterprise accounts and platform upsell from password management into XAM. The company's $100K+ ACV customer segment grew at a 70% CAGR over the three years through 2025. 1Password is free cash-flow positive and has a stated long-term ARR target of $1 billion, with enterprise segments contributing more than three-quarters of recognized revenue.

Sources:1Password Pricing — CyberNews1Password $400M ARR — BusinessWire

Who leads 1Password?

1Password is led by CEO David Faugno, who assumed sole leadership in July 2025 after a co-CEO period with Jeff Shiner. The executive team was largely rebuilt in 2025–2026 with new hires across product, engineering, finance, and security.

Sources:Jeff Shiner to Executive Chair — BusinessWireNancy Wang CTO Announcement — 1Password Press

How do you contact 1Password's leadership?

The verified 1Password email format is firstname.lastname@1password.com (used by ~97.5% of employees per LeadIQ and Clay). No personal executive emails are publicly listed; addresses below follow the confirmed company pattern and should not be treated as individually verified.

• David FaugnoCEOdavid.faugno@1password.com
• Nancy WangChief Technology Officernancy.wang@1password.com
• Abe AnkumahChief Product Officerabe.ankumah@1password.com
• Greg HenryChief Financial Officergreg.henry@1password.com

Sources:1Password Email Format — Clay1Password Email Format — LeadIQ

How much funding has 1Password raised?

1Password has raised $920 million in primary equity across three rounds, plus a $100 million founder-liquidity secondary in October 2025 at a consistent $6.8 billion valuation.

1Password bootstrapped profitably for 14 years before taking its first outside capital: a $200 million Series A in November 2019 led by Accel — described at the time as the largest single check in Accel's 35-year history. Co-investors included WndrCo, Slack Fund, and prominent tech founders including Atlassian's Mike Cannon-Brookes and Scott Farquhar, and Shopify's Tobias Lutke. In July 2021, 1Password raised a $100 million Series B again led by Accel, valuing the company at $2 billion, with SaaS founder-angels including Stewart Butterfield (Slack), Anthony Casalena (Squarespace), and Kevin Hartz (Eventbrite).

Six months later, in January 2022, 1Password closed a $620 million Series C led by ICONIQ Growth at a $6.8 billion valuation — the largest single funding round in Canadian tech history at the time — drawing participation from Lightspeed, Tiger Global, Backbone Angels, and celebrity investors including Ryan Reynolds, Scarlett Johansson, Robert Downey Jr., Matthew McConaughey, and Chris Evans.

In October 2025, co-founders participated in a $100 million secondary transaction led by Halo Fund (co-founded by Utah Jazz owner Ryan Smith and Accel's Ryan Sweeney), with Flume Ventures (including Sun Microsystems founder Scott McNealy) also participating. The deal reaffirmed the $6.8 billion valuation and provided founder liquidity ahead of a planned IPO. Primary capital raised totals $920 million.

Sources:1Password Series C $620M — TechCrunch1Password $100M Secondary — BetaKit

How did 1Password get here?

From a bootstrapped Toronto side project in 2005 to a $6.8 billion identity security platform with $400M+ ARR by 2025.

Sources:14 Years of Growth: The 1Password Story — Dave Teare / Medium1Password Acquires Apono — SecurityWeek

Who are 1Password's competitors?

1Password competes across consumer password management, enterprise credential governance, and extended access management, facing rivals from pure-play password managers to broader identity platforms.

Sources:Best Password Managers 2026 — Tom's Guide1Password vs Keeper — Gartner Peer Insights