Overview

1Password provides a password management and secure access solution that helps businesses manage and protect their sensitive information. The platform allows employees to securely access applications and share important data like logins and documents while keeping other information private. It operates on a subscription model, offering various plans to meet the needs of different organizations. 1Password integrates with existing identity and access management systems such as Azure AD and Okta, enabling automatic employee provisioning and enhancing security without disrupting workflow. The goal of 1Password is to help businesses improve their cybersecurity measures while ensuring ease of use and maintaining productivity.

Simplify's Take

What believers are saying

• Growing demand for passwordless authentication boosts 1Password's market potential.
• Remote work trends increase the need for 1Password's secure access solutions.
• Collaboration with Microsoft enhances 1Password's credibility and customer base.

What critics are saying

• 1Password's IPO plans may lead to increased investor scrutiny.
• Integration challenges from Trelica acquisition could delay new feature rollouts.
• Dependency on Microsoft's ecosystem may pose strategic risks.

What makes 1Password unique

• 1Password offers AES 256-bit encryption for secure password management.
• The platform integrates seamlessly with IAM systems like Azure AD and Okta.
• 1Password provides customizable search and organization features for user convenience.

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Funding

Total Funding

$894.9M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Tiger GlobalLightspeed Venture PartnersAccel

Notable Investors:

Tiger GlobalLightspeed Venture PartnersAccel

$620,000,000

Series C

Jan 2022

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$620M

View all funding stages