About 1Password
1Password is a company based in Ontario (United States) founded in 2006 by Roustem Karimov.. 1Password has raised $920.14 million across 3 funding rounds from investors including Slack, Accel and Lightspeed Venture Partners. 1Password has completed 4 acquisitions, including Kolide, Passage and SecretHub. 1Password operates in a competitive market with competitors including Dashlane, Bitwarden, LastPass, Keeper Security and Passbolt, among others.
- Headquarter Ontario, United States
- Founders Roustem Karimov
- Stage Unicorn
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of 1Password
1Password has successfully raised a total of $920.14M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $620 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $620.0M
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First Round
First Round
(01 Nov 2019)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Series C - 1Password | Valuation | Iconiq Capital | |
| May, 2021 | Amount | Series B - 1Password | Valuation | Accel | |
| Nov, 2019 | Amount | Series A - 1Password | Valuation | Accel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in 1Password
1Password has secured backing from 35 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Slack, Accel and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of investment management and real asset services
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Angel network focused on black, indigenous, and women of colour-led companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 1Password
1Password has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Kolide, Passage and SecretHub. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Biometric authentication solutions are offered via a developer-focused platform.
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2019 | ||||
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Cloud-based data security solutions are delivered via management platform.
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2018 | ||||
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Cloud-based endpoint vulnerability assessment and security are provided.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 1Password
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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1Password Comparisons
Competitors of 1Password
1Password operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dashlane, Bitwarden, LastPass, Keeper Security and Passbolt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of password management and credential security solutions
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| domain | founded_year | HQ Location |
Cloud-enabled password manager is provided for encrypted storage across devices.
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| domain | founded_year | HQ Location |
Cloud-based password management and secure data storage are provided.
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| domain | founded_year | HQ Location |
Web-based password manager solutions are developed for secure password handling.
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| domain | founded_year | HQ Location |
Open-source password manager for secure team collaboration is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 1Password
When was 1Password founded?
1Password was founded in 2006 and raised its 1st funding round 13 years after it was founded.
Where is 1Password located?
1Password is headquartered in Ontario, United States. It is registered at Ontario, California, United States.
Who is the current CEO of 1Password?
David Faugno is the current CEO of 1Password.
Is 1Password a funded company?
1Password is a funded company, having raised a total of $920.14M across 3 funding rounds to date. The company's 1st funding round was a Series A of $200M, raised on Nov 01, 2019.
What does 1Password do?
1Password was founded in 2006 in Ontario, United States, within the cybersecurity sector. A cloud-based platform is operated for password storage, document management, and controlled access. Features including two-factor authentication, passkeys, and usage reports are provided, with delegation of management roles enabled. Compatibility is maintained across Mac, Windows, Android, iOS, and web interfaces. Notable customers such as BBC and CNN are served.
Who are the top competitors of 1Password?
How many acquisitions has 1Password made?
Who are 1Password's investors?
1Password has 35 investors. Key investors include Slack, Accel, Lightspeed Venture Partners, Iconiq Capital, and Tiger Global.
What is 1Password's valuation?
The valuation of 1Password is $6.8B as of Dec 2021.
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