1Password

1Password

Password management and secure access solution

About

1Password provides a password management and secure access solution that helps businesses manage their passwords and sensitive information. The platform allows employees to securely access applications and share important information like logins and documents while keeping other data private. It operates on a subscription model, offering various plans to meet different organizational needs, and integrates with existing Identity and Access Management (IAM) systems such as Azure AD and Okta for seamless employee provisioning. This integration enhances security without disrupting productivity, making it easier for teams to maintain their workflow. The goal of 1Password is to help organizations improve their cybersecurity measures while ensuring ease of use for their employees.

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 solutions boosts 1Password's market potential.
  • Remote work trends increase the need for secure access solutions like 1Password.
  • Regulatory focus on data protection favors 1Password's robust security offerings.

What critics are saying

  • Leadership changes may lead to strategic misalignment within 1Password.
  • Integration with tech giants may increase competition for 1Password.
  • Dependency on partnerships with Microsoft and Google could pose risks.

What makes 1Password unique

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

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Growth & Insights
Headcount

6 month growth

13%

1 year growth

40%

2 year growth

166%

Benefits

👶 Maternity and parental leave top up programs

👟 Wellness spending account

🏝 Generous PTO policy

💖 Company-wide wellness days off scheduled throughout the year

🧠 Complimentary Headspace membership

🩺 Comprehensive health coverage

📈 Employee stock option program for all full time employees

💸 Retirement matching program

💡 Training budget, 1Password University access, and learning sessions

🔑 Free 1Password account (and friends and family discount!)

🤝 Paid volunteer days

🌎 Employee-led DEI&B programs and ERGs

🏠 Fully remote environment

🏆 Peer-to-peer recognition through Bonusly

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