History
In 2016, Der Standard highlighted 1Password to its readers as an effective tool for managing and organizing passwords.[21] In a 2017 Consumer Reports article, Dan Guido, the CEO of Trail of Bits, listed 1Password as a popular password manager (alongside Dashlane, KeePass, and LastPass), with the choice among them mostly up to personal preferences.[7]
Unlike previous versions, 1Password 7 became a subscription service, though perpetual licenses were still available from within the app ($64.99 in 2018[22]).[7][23] The option to store password vaults locally was removed in 1Password 8, which drew criticism.[24]
On November 14, 2019, 1Password announced a partnership with venture capital firm Accel, which invested $200 million in a Series A funding round and obtained a minority stake in the company.[25] It was the first outside funding in 1Password's history, and the largest single investment Accel had made to date.[26]
In 2021, 1Password acquired SecretHub, a Dutch cybersecurity company.[27] It also raised $100 million in financing with a valuation of $2 billion.[28]
In January 2022, 1Password raised a $620 million Series C round, the biggest funding round in Canadian history, led by Iconiq Growth, increasing the company's valuation to $6.8 billion. Notable individual investors that took part in this round were Ryan Reynolds, Robert Downey Jr., and Justin Timberlake.[29]
In November 2022, 1Password announced its acquisition of Texas-based Passkey tool provider Passage for an undisclosed sum.[30]
In September 2023, 1Password surpassed $250 million in annual recurring revenue where more than two-thirds of its revenue is generated from more than 100,000 business customers.[31]
In November 2025, CEO David Faugno told CNBC that 1Password had surpassed $400 million in annual recurring revenue, and that the company was weighing a possible IPO in 2026 or 2027.[32]
