1Password
Enterprise password and secrets management for individuals, families, and 150K+ businesses
Enterprise
📍 Toronto, Canada
Founded 2005
Current Valuation
$6.8B
as of 2022-Q1
UNICORN
1Password is a Toronto-headquartered password and credential management platform serving 150K+ businesses and 100M+ individual users. Bootstrapped for 14 years before its first institutional round in 2019. Raised a $620M Series C at $6.8B in January 2022 led by ICONIQ Growth with Atlassian Ventures, Tiger Global, and Salesforce Ventures. Acquired Kolide (device trust, 2024) and Trelica (SaaS access management, 2025) to extend into Extended Access Management. Frequently named as a 2026 IPO candidate.
Company Profile
Est. Revenue
$320M (2024-Q4)
Growth
$300M+ ARR (profitable)
Last Round
Series C — $620M (Jan 2022) · Lead: ICONIQ Growth
Founders & Key People
Dave TeareRoustem Karimov
Investors
ICONIQ Growth · Lightspeed · Accel · Backbone Angels · Atlassian Ventures · Lone Pine Capital · Tiger Global · Salesforce Ventures
Products
- 1Password Business
- 1Password Teams
- Extended Access Management (Trelica acquisition)
- 1Password Developer
- Passkeys
Competitors
Bitwarden · Dashlane · LastPass · Keeper Security · Microsoft Authenticator
SecurityPassword ManagerEnterpriseDecacorn
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q1. Refreshed quarterly.