1Password

1Password

Password management and secure access solution

About

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.

Company Stage

Series C

Employees

1,001-5,000

Industries

Enterprise Software, Cybersecurity

Total Funding

$894.9M

Headquarters

Toronto, Canada

Founded

2005


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Simplify's Take

What believers are saying

  • Growing demand for passwordless authentication boosts 1Password's market potential.
  • Acquisition of Trelica enhances Extended Access Management capabilities for enterprise clients.
  • Membership in Microsoft Intelligent Security Association opens new collaboration opportunities.

What critics are saying

  • Trelica acquisition may lead to integration challenges, disrupting services.
  • Co-CEO appointment could cause leadership conflicts, affecting operations.
  • Pursuit of IPO by 2025 may shift focus from innovation to financial metrics.

What makes 1Password unique

  • 1Password offers seamless integration with IAM systems like Azure AD and Okta.
  • The platform provides AES 256-bit encryption for secure data management.
  • 1Password's subscription model caters to businesses of all sizes with scalable solutions.

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Growth & Insights
Headcount

6 month growth

↑ 2%

1 year growth

↑ 1%

2 year growth

↑ 4%

Benefits

πŸ‘Ά Maternity and parental leave top up programs

πŸ‘Ÿ Wellness spending account

🏝 Generous PTO policy

πŸ’– Company-wide wellness days off scheduled throughout the year

🧠 Complimentary Headspace membership

🩺 Comprehensive health coverage

πŸ“ˆ Employee stock option program for all full time employees

πŸ’Έ Retirement matching program

πŸ’‘ Training budget, 1Password University access, and learning sessions

πŸ”‘ Free 1Password account (and friends and family discount!)

🀝 Paid volunteer days

🌎 Employee-led DEI&B programs and ERGs

🏠 Fully remote environment

πŸ† Peer-to-peer recognition through Bonusly

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