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1Password

Builds password and access security tools

Overview

1Password builds password management and identity security software for individuals, families, and organizations. Its password manager stores logins, passkeys, and sensitive documents in encrypted vaults, with apps and browser extensions that generate passwords and fill them into websites. Businesses use administrative controls to set access permissions, monitor sign-ins, and automate account provisioning through integrations with their existing identity systems. The company sells subscriptions for personal accounts and teams, while developer tools retrieve credentials for applications without putting secrets directly in source code. Founded in 2005, 1Password is headquartered in Toronto, Ontario.

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About 1Password

Simplify's Rating
Why 1Password is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareCybersecurity

Company Size

1,001-5,000

Company Stage

Series C

Total Funding

$920M

Headquarters

Toronto, Canada

Founded

2005

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What believers are saying

  • Operations generate cash: in November 2025, 1Password reported over $400 million annual recurring revenue and positive free cash flow.
  • Enterprise demand anchors sales: businesses accounted for over 75% of 1Password revenue in November 2025.
  • Time off has a regular cadence: 1Password supplements employee PTO with quarterly wellness days.

What critics are saying

  • Consumer acquisition faces free alternatives: 1Password sells paid plans, while Bitwarden keeps basic password management free.
  • AI adoption is a job expectation: 1Password says using AI is essential to its daily work.
  • Cost controls required repair: August 2026 CFO report described a fivefold AI vendor bill and revised approvals.

What makes 1Password unique

  • Password-based vaults add a separate secret: 1Password combines account passwords with a device-generated Secret Key.
  • Travel Mode limits carried data: 1Password removes unapproved vaults from apps when users travel.
  • Security extends beyond vaults: 1Password Device Trust checks over 100 health signals before allowing access.

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Funding

Total Funding

$920M

Above

Industry Average

Funded Over

3 Rounds

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

$50M
$50M
$62M
$100M
$620M

Benefits

  • ๐Ÿ‘ถ Maternity and parental leave top up programs
  • ๐Ÿ‘Ÿ Wellness spending account
  • ๐Ÿ Generous PTO policy
  • ๐Ÿ’– Company-wide wellness days off scheduled throughout the year
  • ๐Ÿง  Complimentary Headspace membership
  • ๐Ÿฉบ Comprehensive health coverage
  • ๐Ÿ“ˆ Employee stock option program for all full time employees
  • ๐Ÿ’ธ Retirement matching program
  • ๐Ÿ’ก Training budget, 1Password University access, and learning sessions
  • ๐Ÿ”‘ Free 1Password account (and friends and family discount!)
  • ๐Ÿค Paid volunteer days
  • ๐ŸŒŽ Employee-led DEI&B programs and ERGs

Growth & Insights and Company News

6 month growth

2%

1 year growth

3%

2 year growth

4%
Dutch IT Leaders
Oct 23rd, 2026
Secure login for AI agents with 1Password.

Secure login for AI agents with 1Password. Password manager 1Password introduces 1Password for Agents, a new security platform that lets users give their personal AI assistants access to accounts without the AI actually seeing the login credentials. The system responds to the rapid rise of AI agents that independently perform tasks on the internet, such as planning events, ordering products, or processing expense claims. Until now, users of AI agents have encountered a major security problem. When a virtual assistant encounters a login screen during a task, the user must manually take over the session or paste their password directly into the AI prompt. The latter entails significant security and privacy risks. Secure autofill. With the new platform, the AI agent asks the user for permission via 1Password to use a specific login. After approval, 1Password fills in the data directly on the relevant login screen of the target website. As a result, the AI tool never sees the password or verification code itself, and the user's vault remains shielded. Moreover, when a password is changed, login credentials do not need to be updated in multiple places; linked agents continue to work automatically via the updated vault. Users retain control via 1Password over which data is filled in and can disconnect linked assistants at any time. Collaboration with major AI developers. 1Password is working with a range of well-known AI partners for the new platform. Integrations for Meta Muse, Anthropic (Claude Duet), OpenAI (ChatGPT Work and dots), SpaceXSI (Grok Bot), and Town Townie, among others, will be rolled out in the coming period. Connections with services such as Perplexity, Ramp, and Browserbase are also planned. The platform is available immediately at no extra cost to users with an individual or family account on 1Password.com. Accounts on the service's European (.eu) and Canadian (.ca) servers are not yet supported at this time.

The Montreal Gazette
Oct 22nd, 2026
1Password surpasses $500 million in ARR as Developers and AI builders accelerate growth.

1Password surpasses $500 million in ARR as Developers and AI builders accelerate growth. Net new ARR growth of approximately 60% through the first three quarters of FY26, while maintaining a double-digit free cash flow margin. Expands from credential protection to dynamic access for people, AI agents, and machines with 1Password Unified Access and 1Password for Agents. Developer and AI security tool adoption is driving approximately five-times-faster ARR growth... October 22, 2026 at 9:59 a.m. * Net new ARR growth of approximately 60% through the first three quarters of FY26, while maintaining a double-digit free cash flow margin. * Expands from credential protection to dynamic access for people, AI agents, and machines with 1Password Unified Access and 1Password for Agents. * Developer and AI security tool adoption is driving approximately five-times-faster ARR growth among customers using them. TORONTO - 1Password, an identity security leader, today announced it surpassed $500 million in annual recurring revenue (ARR), growing net new ARR by approximately 60% through the first three quarters of FY26, with Q3 26 at approximately 90% year over year growth. The acceleration is being fueled by growing adoption of 1Password's developer and AI security tools as customers secure the AI agents and workflows they build. Monthly active usage of these tools has grown 200% year over year. The number of businesses using 1Password now exceeds 200,000, including 85% of the Forbes AI 50, and the net new logos added in Q3 is up 150% year over year. Building on this momentum, the company continues to invest in 1Password Unified Access, its platform that discovers and secures identities and credentials, establishes trusted access, and audits activity across humans, AI agents, and machines. For people using personal AI agents, 1Password for Agents lets people approve task-specific access for agents without exposing the underlying credentials to the agent or its model context. The Future of Trusted Access AI agents now execute actions on behalf of people across accounts, codebases, infrastructure, and business systems, often without a human present for each operation. Those actions require distinct agent identities, scoped permissions, and a complete audit trail. Long-lived credentials and standing access were not designed for this operating model, and create unacceptable risk. 1Password is expanding from protecting credentials in a trusted vault to governing dynamic access for humans, AI agents, and machine workloads. Access is scoped to a specific task, granted only when required, and revoked when the task completes. 1Password is partnering with frontier AI labs, hyperscalers, and personal AI agent providers, including Anthropic, Instinct, KERNEL, Meta, NVIDIA, OpenAI, Perplexity, Ramp, Snowflake, SpaceXSI, Town, and more to bring 1Password directly into the workflows agents are built, deployed, and operated. 1Password Privileged Access, part of the Unified Access platform, enforces zero standing privilege for humans and AI agents through just-in-time, just-enough access. 1Password Credential Broker, part of the Unified Access platform, verifies AI agents and machine workloads at runtime and delivers only the credentials each is authorized to receive. 1Password for Agents brings the same model to personal AI agents used by consumers and small businesses, letting people approve what an agent can access for each task while keeping credentials protected in 1Password. For larger organizations, Unified Access applies the same principles to dedicated workplace AI assistants. 1Password's Financial Momentum The accelerating adoption of developer and AI security tools is propelling 1Password's continued business momentum, including: * Surpassing $500 million in ARR, with the share of ARR from its 200,000+ business customers exceeding 75% and continuing to grow * Growing net new ARR by approximately 60% through the first three quarters of FY26 * Maintaining strong double-digit free cash flow margin * Growing the number of customers spending more than $100,000 ARR annually by more than 40% year over year * Improving net retention year over year while maintaining 90%+ gross retention Growth Accelerated by Developer and AI Builder Adoption Developers and AI builders are bringing 1Password into the workflows where agents are built and operated. Adoption of the company's developer and AI security tools is accelerating across both human and non-human users: * Monthly active human users of developer and AI security tools grew 200% year over year. * Monthly active non-human identity users of developer and AI security tools grew 500% year over year. * Developer and AI security tools are now used in 16% of business accounts. "AI agents are rapidly changing how people work and live, but unlocking their potential requires trust," said David Faugno, CEO of 1Password. "People need to remain in control of what agents can access and what they can do. The defining challenge is not simply to make agents more capable, but to give them a trusted way to act on our behalf. 1Password has spent the past 20 years earning trust by providing people with simple, secure access to their digital world, and we are now applying that foundation to secure how agents get work done for people while keeping them in control. Accelerating through $500 million in ARR, with the fastest growth coming from customers adopting our developer and AI security tools, demonstrates that 1Password, alongside its network of partners, is becoming the trusted foundation for agents." "Developers shouldn't have to choose between shipping agents quickly and shipping them safely," said Mayank Upadhyay, Chief Security and Trust Officer at Snowflake. "Our integration with 1Password gives every agent action a compound identity, tying it to both the agent and the person it acts for, so security teams get a full audit trail and can apply tighter policies to agent sessions without limiting the user's own access." "Enterprises are moving quickly to put AI agents to work, but every agent needs access to the systems, data and accounts that make it useful. That makes identity the control point for agentic AI. Organizations that can't see and govern what their agents can reach will struggle to scale them safely. 1Password's growth reflects how quickly identity security is moving up the priority list as AI adoption accelerates," said Duncan Brown, Group Vice President, Global Domain Lead: Worldwide Security & Trust, IDC. About 1Password 1Password is redefining identity security for how people and AI agents work today. The 1Password Unified Access platform discovers and secures identities and credentials, establishes trusted access, and audits actions across humans, machines, and AI agents. 1Password Privileged Access enforces zero standing privilege across critical infrastructure with just-in-time access provisioning and automatic deprovisioning. 1Password SaaS Manager helps organizations discover and secure access to SaaS applications and optimize AI spend. 1Password's enterprise vault protects more than 1.6 billion credentials and secrets and is trusted by over 200,000 businesses, including Canva, CIBC Capital Markets, Cursor, Dust, ElevenLabs, Figma, GitHub, HackerOne, Hugging Face, MongoDB, Notion, Perplexity, Salesforce, Stripe, Vercel, Wiz, Workday, and Zscaler. Learn more at 1Password.com.

Daily AI Tools
Oct 22nd, 2026
1Password launches a way for AI agents to log in on your behalf without seeing your password.

1Password launches a way for AI agents to log in on your behalf without seeing your password. By Lucas Ropek Thursday, October 22, 2026 TechCrunch AI 1Password's new authentication tool addresses the security paradox of AI agents: granting them account access without exposing raw credentials. By using secure tokens instead of sharing plaintext passwords, the feature enables autonomous assistants to perform tasks safely. This shift is critical for scaling agentic wor TechCrunch AI

TechNewsDaily
Oct 20th, 2026
The engineering reality of HashiCorp Vault and its alternatives.

The engineering reality of HashiCorp Vault and its alternatives. HashiCorp Vault provides dynamic secrets to mitigate the 49% of breaches involving credentials. Security teams must weigh the engineering effort of managing Vault against SaaS options like Akeyless or CyberArk Conjur based on their specific integration needs. IBM completed the acquisition of HashiCorp in February 2025 for a $6.4 billion enterprise value. Business operations moved to IBM on September 1, 2025. Vault 2.0 arrived in April 2026, while version 2.1.1 shipped on September 16, 2026. You already know that hard-coded credentials in repositories represent a primary attack vector. A 2023 Verizon Data Breach Investigations Report found that credentials remain a primary attack vector in over 49% of breaches. IBM's 2023 Cost of a Data Breach Report estimates the average cost of a breach at $4.45 million. Vault addresses this by replacing long-lived static tokens and API keys in container images with dynamic secrets that generate short-lived credentials for databases and cloud providers. These credentials expire automatically to shrink the window of opportunity for leaked secrets. The platform includes 26 secrets engines, 21 authentication methods, and 23 storage backends, while providing Kubernetes support via the Agent Injector, the Vault Secrets Operator, and a CSI provider. You can authenticate via Kubernetes service accounts, cloud provider IAM roles, or OIDC tokens. The flexibility of Vault makes it a strong choice for multi-cloud environments. The management of high availability, unsealing ceremonies, and replication topology requires skilled platform engineers. If your team cannot absorb these operations, you should skip Vault. Comparing Conjur, Akeyless, and 1Password. CyberArk Conjur is now part of the Idira platform after its acquisition by Palo Alto Networks. Conjur provides a policy-driven engine for machine identity. It uses human-readable policy files in YAML or Conjur policy DSL to define permissions. Conjur follows a server-client model where a master server hosts the policy and secret store. Applications authenticate using host identity or Kubernetes authenticators. If your organization uses CyberArk for human users, Conjur uses the same policy engine and audit logs for machine secrets. 1Password provides a different use case, often as a tool to share account credentials. 1Password is not a direct competitor to Vault, and 1Password's secret automation integrates with HashiCorp Vault as a provider. Some teams use 1Password for simpler tasks where Vault is overkill. The decision between these platforms requires you to weigh the engineering effort needed to run a Vault cluster against the per-secret costs of a managed service like Akeyless or the enterprise licensing fees of Conjur. Akeyless uses a zero-knowledge Distributed Fragments Cryptography model to split secrets across multiple cloud providers. You deploy lightweight Gateways inside your own network to broker access without the secret leaving your perimeter. Akeyless supports Universal Identity, which includes AWS IAM, Azure AD, GCP service accounts, and GitHub Actions OIDC. Akeyless charges roughly $0.05 to $0.10 per secret per month on its SaaS tiers. CyberArk Conjur Cloud costs approximately $15 to $40 per authenticating workload per month. For teams with strong platform engineering capacity, Vault OSS is often the lowest total cost option. I would skip the budget savings of the free versions if your team lacks the capacity to manage a production cluster. To decide, list your five highest-priority integration targets and map them to the integration documentation for each platform. The platform with the shallowest integration path across your specific targets is usually the right answer regardless of feature marketing. Platform migration is non-trivial. The hardest part is not migrating secrets themselves but re-wiring application authentication. Akeyless maintains a Vault compatibility API path that allows some tooling to be re-pointed with environment variable changes. The licensing landscape and alternatives. Vault is source-available under BUSL 1.1, not open source. Individual releases convert to MPL 2.0 four years after publication. Because Vault 2.1.1 was published in September 2026, it will not become open source until September 2030. This licensing change pushed many teams toward OpenBao, a fork under the Linux Foundation and OpenSSF. OpenBao version 2.6.2 shipped in August 2026, and the v2.7 beta arrived in September 2026. OpenBao includes post-quantum ML-DSA support and pure post-quantum TLS. It is currently diverging from Vault by shipping namespace sealing ahead of upstream. The decision depends on your infrastructure. If your team uses Terraform, Vault is the best choice because the Terraform Vault provider is mature. The Vault Secrets Operator for Kubernetes is also actively maintained. Does the move to IBM's support lifecycle change the long-term viability of the platform for independent DevOps teams? For organizations managing hundreds of secrets across many environments, manual user management becomes a significant operational burden. Vault does not support SCIM provisioning on any plan, meaning IT teams must manually create user accounts and manage policies separately from their identity provider. This creates a gap where departing employees might retain access to production secrets even after they are deprovisioned from other systems. For teams needing dynamic secrets across clouds without running a cluster, neither Vault nor AWS Secrets Manager is the perfect fit. AWS Secrets Manager is a managed service that charges $0.40 per secret each month. The break-even point between a managed service and the labor of running Vault sits between 3,000 and 8,000 secrets, depending on your environment.

1Password
Oct 20th, 2026
Launching post-quantum safe passkeys.

Launching post-quantum safe passkeys. by Renรฉ Lรฉveillรฉ October 20, 2026 - 4 min Passkeys make authentication safer by resisting phishing attacks and eliminating shared secrets like passwords that attackers can steal from a website to access your accounts. By removing the secrets from servers, they reduce the risk of data breaches. However, advances in quantum computing threaten to increase the risk of those data breaches yet again by breaking the cryptography passkeys currently use. As another step in its Post-Quantum Cryptography (PQC) migration, 1Password is adding support for ML-DSA passkeys in order to preserve their benefits over the long term. By supporting this algorithm early, 1Password LLC signal websites to start supporting ML-DSA passkeys. This helps protect its customers' credentials against future attackers. Why now? 1Password LLC has talked about quantum computers and passkeys before, back in 2023 to be precise. Back then, a Cryptographically Relevant Quantum Computer (CRQC) seemed far off, so why are 1Password LLC rolling out quantum-safe passkeys only three years later? Well, because things changed and research has accelerated. 1Password LLC has been closely monitoring the research to ensure 1Password LLC act well ahead of any concerning developments. Back in 2023, governments were mandating a migration to PQC algorithms by 2035, and the estimated amount of qubits estimated to be required to break elliptic curve digital signatures was around 13 million physical qubits. Now, in 2026, improvements in error correction and recent research reduce that estimate to only 26,000 physical qubits. This is still far from the latest largest quantum computer at 6,100 physical qubits, though the gap has shrunk enough for 1Password LLC to start migrating. NIST standardized the post-quantum safe signature algorithm, ML-DSA, in 2024. The IETF standardized ML-DSA's encoding in COSE in RFC 9964 in May of 2026. COSE is the format that WebAuthn/CTAP2 uses to transfer the passkey back to the website. This means that the stage is set for ML-DSA passkey adoption. Given all these advances and 1Password's ongoing PQC migration, 1Password LLC decided to roll out ML-DSA passkeys as early as possible. By doing so, 1Password LLC can protect as many of its customers' online accounts as possible. Are my existing passkeys safe? Supporting ML-DSA is precautionary. Since passkeys are generally long-lived, 1Password LLC want its customers to have the most secure passkeys available early on so they stay secure as long as possible. That's why 1Password LLC is providing support now rather than later. But your existing passkeys are still safe because no CRQC currently exists. This support is early, earlier than most websites in fact. With this launch, 1Password LLC expect to see that change soon. 1Password LLC is engaged in the W3C and the FIDO Alliance to develop a way to update existing passkeys seamlessly. So you don't need to worry about updating passkeys now or in the future. 1Password LLC'll take care of it for you! Automatically improving the security of all of its customers' passkeys is yet another reason why 1Password LLC is so excited about them. Try ML-DSA passkeys today! Starting on version 8.12.44, 1Password will support using the post-quantum safe algorithm, ML-DSA, for passkeys. This doesn't mean that your passkeys are now all going to be made with ML-DSA going forward. Remember that both sides have to understand the same algorithm, so 1Password LLC will only create these keys for websites that support ML-DSA for passkeys. You can test it yourself at webauthn.io. Open Advanced settings, select an ML-DSA variant under Registration settings, then create a passkey and authenticate with it. Passkey authentication works on all supported platforms, but as of now, creating an ML-DSA passkey isn't supported on iOS or through the native macOS autofill extension. Thanks to Matt Miller for adding ML-DSA support to webauthn.io, the best WebAuthn test website there is! Its goal is to make this transition as seamless as possible, so 1Password LLC do all the hard work to keep you safe online, and you don't even have to worry about it. Start using passkeys with 1Password today 1Password is helping prepare passkeys for the future of cryptography. Start using passkeys with 1Password today, and let 1Password LLC handle the hard work of keeping your authentication secure as cryptographic standards evolve.

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