Company Overview
About 1Password
1Password is an enterprise password manager and secrets management platform enabling individuals, teams, and businesses to securely store, manage, and share credentials, credit cards, and sensitive information. Founded in 2005 and headquartered in Toronto, Canada, 1Password has evolved from a beloved consumer app into a comprehensive enterprise security platform after raising $620 million in Series C funding in January 2022 at a $6.8 billion valuation — one of the largest cybersecurity funding rounds ever.
Business Model & Competitive Advantage
1Password's core product stores passwords, secure notes, credit cards, and identity documents in encrypted vaults accessible across all devices, with team sharing capabilities that allow organizations to grant and revoke access to shared credentials. The company's enterprise tier (1Password Business) adds admin controls, detailed audit logging, multi-vault management, and integrations with identity providers (Okta, Azure AD) for provisioning and SSO.
Competitive Landscape 2025–2026
In 2025, 1Password has expanded into developer secrets management (1Password Secrets Automation) — managing API keys, database passwords, and service tokens in code repositories and deployment pipelines, competing with HashiCorp Vault and CyberArk. The company has also launched Passage (a passkey authentication platform for developers) and a mobile device management companion product. 1Password competes with LastPass (which suffered a major breach in 2022), Bitwarden (open source), Dashlane, and enterprise-focused Keeper Security and CyberArk. The breach-inflicted damage to LastPass drove significant enterprise migration to 1Password in 2023-2024.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
1Password is recognized as a market leader in the Security sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $6800M in revenue, 1Password operates at enterprise scale with proven market validation.
Frequently Asked Questions
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