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1Password

ACTIVE
1Password Inc.
Cybersecurity vendorPlatform company
1Password Inc.AgileBitsAgileBits Inc.1PAgileBits Inc. (2005-poczatek 2020s)Agile Web Solutions

Canadian software company (Toronto) developing 1Password - one of the most popular password managers. Founded 2005 by Dave and Sara Teare and Roustem Karimov. Series C 2022: $620M @ $6.8B valuation (largest funding round in Canadian history). $400M ARR (November 2025), considering IPO 2026-2027.

Founded2005Canada
HQTorontoCanada
Total funding$920000B3 · 2019–2022
Valuation$6.8B (Series C, January 2022)🦄Post-money valuation Series C · 2022
1password.comLinkedInXGitHubCrunchbaseWikipediaYouTube
01 · About

1Password

Founded 2005 · Toronto, Canada

Founders

  • Dave Teare

    Co-founder and former CEO. Programmer, author of the first 1Password version in 2006 (as 1Passwd on Mac). Stepped down as CEO around 2020, but remained with the company.

  • Sara Teare

    Co-founder. Married to Dave Teare. Co-creator of AgileBits Inc.

  • Roustem Karimov

    Co-founder and engineer. Russian-Canadian developer, co-author of 1Password's security architecture (PBKDF2, end-to-end encryption).

  • Natalia Karimov

    Co-founder. Married to Roustem Karimov.

02 · What they do

Domain of activity

2 areas · 4 technologies · 2 industries
What they do2Areas
  • AI cybersecurity
  • AI platforms
How they do it4Technologies
  • Identity and Access Management (IAM)
  • AI Security
  • Generative AI
  • LLM
Who for2Industries
  • Cybersecurity
  • Finance & banking
03 · Geography

Global presence

HQ Toronto · 1 offices · 3 regions
North AmericaEuropeGlobal
04 · Metrics

Scale & funding

founded 2005 · Series C
2005founded
Estimated 800-1000 employees (2025, remote-first). Grew from ~200 in 2019 to ~750 after Series C 2022.employees
$920Mtotal funding
Series Clatest round
maturedevelopment stage
Privatenot listed
activestatus
$920M
total funding
3 · 2019–2022
Series ANovember 2019AccelHistoric Series A - the FIRST outside funding in the company's 14-year history. Led by Accel, which acquired a minority stake. It was Accel's largest single investment to date. AgileBits/1Password had been bootstrapped for 14 years before this.
$200M (November 2019)
Series BJuly 2021AccelJuly 2021: Series B $100M, valuation $2B. Participants: Shopify, Slack executives, and others. Led by Accel with existing investors.
$100M (July 2021)
Series CJanuary 2022Iconiq GrowthJanuary 2022: THE LARGEST VC ROUND IN CANADIAN HISTORY - $620M @ $6.8B valuation. Led by Iconiq Growth. Key individual celebrity investors: Ryan Reynolds, Robert Downey Jr., Justin Timberlake, Matthew McConaughey. Institutional participants: Blackstone, Lightspeed Venture Partners, Backbone Angels.
$620M (January 2022)
06 · Relations

Organizational relations

3 strategic relations

Strategic relations

3
  • Acquisition
    April 2021: 1Password acquired SecretHub - a Dutch cybersecurity firm (Amsterdam) specialising in enterprise secrets management (developer tools, CI/CD integrations). Amount undisclosed. Extended 1Password's portfolio with the Secrets Automation platform.
  • Acquisition
    November 2022: 1Password acquired Passage - a US (Texas) provider of passkey / WebAuthn tools. Amount undisclosed. Now operates as Passage by 1Password - a developer platform for passwordless authentication.
  • Partnership
    Built on native integration with the passkey / WebAuthn standard (FIDO Alliance), Apple / Google / Microsoft passkeys. A key strategic technology partnership: the future of password managers is passwordless authentication.
07 · Classification

Profile & metadata

4 classification · 8 external links

Classification

  • Statusactive
  • Development stagemature
  • Listed onNoprivate
  • Organization typeCybersecurity vendor+ Platform company

External links