1Password

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Credential and password management
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1Password is a password management software company founded in 2005 as AgileBits. Headquartered in Toronto, Canada, 1Password offers password manager applications for Windows, macOS, iOS, Android, Linux, and web browsers. The company's core product allows users to store and manage passwords, credit card information, secure notes, and other sensitive data in encrypted vaults.

1Password uses AES 256-bit encryption and a zero-knowledge architecture to secure user data. Key features include password generation, autofill capabilities, multi-factor authentication support, and Watchtower – a tool that alerts users to weak or compromised passwords. The company also offers unique features like Travel Mode, which allows users to temporarily remove sensitive data from devices when crossing borders.

As of 2024, 1Password reported over 150,000 business customers and millions of individual users. The company does not offer a free version of its product; instead, it focuses on paid subscription plans for individuals, families, and businesses. 1Password's individual plan costs USD 35.88 per year, while its family plan for up to five users is priced at USD 59.88 annually.

Key customers and partnerships

1Password has partnered with companies like Privacy.com to offer virtual payment card creation within its apps. The company has also integrated with Fastmail to provide masked email functionality. In 2024, 1Password announced a partnership with CrowdStrike to offer bundled security solutions for businesses. 1Password's business customers include Salesforce, IBM, Slack, GitLab, Under Armour, and Intercom.

HQ location:
4711 Yonge St 10th Floor Toronto ON CAN
Founded year:
2005
Employees:
1,001-5,000
IPO status:
Private
Total funding:
USD 920.1 mn
Last Funding:
USD 620.0 mn (Series C; Jan 2022)
Last valuation:
USD 6.8 bn (Jan 2022)
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