Connect with us

Hi, what are you looking for?


Cybersecurity Funding

1Password Raises $200 Million in Series A Funding

Popular password manager 1Password has closed a $200 million Series A round, which the company says is the first outside investment following 14 years of growth and profitability. 

Popular password manager 1Password has closed a $200 million Series A round, which the company says is the first outside investment following 14 years of growth and profitability. 

As a completely bootstrapped company founded in 2005, 1Password has gained millions of users worldwide and is used by 50,000+ paying business customers, including IBM, Slack, Pagerduty, Dropbox, GitLab and Roche.

With 1Password, users can create unique, strong passwords and auto-fill logins for both websites and applications, with a single click. Thus, they can keep their accounts secure without remembering, or even knowing their credentials. 

Furthermore, users can leverage secure vaults to share files and sensitive data, while IT teams can take advantage of reporting and management tools to gain visibility into breaches and compromised accounts.

The new funding, the company says, will help it scale its Enterprise Password Manager (EPM) globally through aggressive investment in product and go-to-market programs.

Over the past two years, 1Password’s enterprise business has registered a 300% growth, now comprising a majority of the company’s revenue. 

1Password plans on using the funding round to expand the EPM to help prevent breaches, diminish time spent on guessing or resetting passwords, and reducing IT demands by understanding the online services employees use.

Advertisement. Scroll to continue reading.

“We’ve built a passionate customer base by respecting privacy, listening to feedback and making a security product that people love to use. That’s created a virtuous cycle where customer feedback keeps us ahead of the game by highlighting the latest services users want, from Face ID to Slack integrations to the next big platform,” Dave Teare, 1Password co-founder, said. 

The funding round was led by Accel and saw participation from Slack Fund, Atlassian co-founders Mike Cannon-Brookes & Scott Farquhar, Atlassian president Jay Simons, and several other notable investors.

The company also announced that Arun Mathew from Accel will join 1Password’s Board of Directors. 

Related: HackerOne Raises $36.4 Million in Series D Funding Round

Related: PerimeterX Raises Another $14 Million in Series C Round

Related: KnowBe4 Announces New Funding Round at $800 Million Valuation

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...


Forty cybersecurity-related M&A deals were announced in January 2023.


Thirty-five cybersecurity-related M&A deals were announced in February 2023


Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...