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1Password

Cybersecurity software · Toronto, Canada · Private

1Password provides password management, secrets protection, and identity-security tools for individuals, developers, and businesses.

$6.8BLast reported valuationJanuary 2022 Series C
$620MLatest disclosed financingSeries C
2005FoundedSecurity software company
PrivatePublic statusNo confirmed IPO

The Company

1Password began as a consumer password manager and expanded into security products for teams and enterprises. Its platform helps users store credentials and sensitive information while giving organizations controls over access, secrets, and shared accounts.

The company announced a $620 million Series C in January 2022 at a $6.8 billion valuation. Its private-market relevance comes from the broader shift from standalone password tools to identity-security platforms embedded in daily employee and developer workflows.

Why It Matters

1Password is a read-through for private cybersecurity and identity-software demand. Its ability to move from consumer trust into enterprise deployments illustrates how security products can broaden into recurring business-software platforms.

Valuation History

  1. $2B→2021Series B
  2. $6.8B→Jan 2022$620M Series C

What Changed

  1. 1Password is founded as a password-management product.

  2. A Series B financing values the company at $2B.

  3. The company announces $620M of Series C funding at a $6.8B valuation.

THE NEXT COMPANY. A CLEARER PICTURE.

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