Overview

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 services while sharing necessary information like logins and documents, all while keeping other data private. 1Password operates on a subscription model, offering various plans to meet the needs of different organizations. It integrates easily with existing identity and access management systems such as Azure AD, Okta, and Slack, allowing for automatic employee provisioning and enhancing security without disrupting productivity. This seamless integration into a team's workflow sets 1Password apart from competitors, as it focuses on improving cybersecurity while maintaining ease of use. The goal of 1Password is to help businesses secure their operations efficiently.

Simplify's Take

What believers are saying

• Growing demand for secure access solutions due to the rise of remote work.
• 1Password's acquisition of Trelica enhances its Extended Access Management capabilities.
• Increased regulatory focus on data privacy boosts demand for comprehensive IAM solutions.

What critics are saying

• Emerging competitors offer similar features at lower prices, threatening market share.
• Rapid AI advancements may introduce new security vulnerabilities for 1Password.
• Potential data breaches from third-party integrations could harm 1Password's reputation.

What makes 1Password unique

• 1Password integrates seamlessly with IAM systems like Azure AD and Okta.
• The platform offers location-based features for convenient access to stored data.
• 1Password's subscription model provides scalable solutions for businesses of all sizes.

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Funding

Total Funding

$920M

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