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
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.
ST
Sara Teare
Co-founder. Married to Dave Teare. Co-creator of AgileBits Inc.
RK
Roustem Karimov
Co-founder and engineer. Russian-Canadian developer, co-author of 1Password's security architecture (PBKDF2, end-to-end encryption).
NK
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
