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1Password

A tool that helps people stay safe online.

1001+ employees
  • B2C
  • B2B
  • Security
  • Enterprise
  • Privacy
  • Cyber Security
Toronto, Ontario

Company mission

To build a safer, simpler digital future for everyone.

Insights

Top investors

96% employee growth in 12 months

Otta's take

Xav Kearney headshot

Xav Kearney

CTO of Otta

The continuation of remote and hybrid working, the rapid adoption of cloud apps and the acceleration of work-related burnout are trends combining to generate increasing demand for 1Password’s core service: password management.

Having started with a simple product for consumers, the company has now built out an impressive enterprise offering with over 100,000 business customers. However, its roots in B2C have arguably led to their B2B success with bottom-up adoption in large companies and a vibrant community of enthusiasts around the product.

The company is now looking to drive continued growth with an expansion of engineering and product teams to build out the portfolio of products. In particular, password management opens the door to new types of insights around unused accounts, low-security risk criteria, and unauthorized applications which are invaluable for security teams. Its continued improvements to its iOS and Android offerings prove its adaptability to mobile consumer behaviours.

These offerings put the company on a collision course with established enterprise companies like Okta and CyberArk. However, 1password’s leadership hopes its superior user experience, exemplified by a 2024 launched global partner programme of sales marketing and enablement resource toolkits will underscore its nimble approach and help it win out in the lucrative cybersecurity space.

Benefits

  • Maternity and parental leave top-up programs
  • Wellness spending account
  • Generous PTO policy
  • Company-wide wellness days off scheduled throughout the year
  • Comprehensive health coverage
  • Employee stock option program for all full time employees
  • Retirement matching program
  • Training budget, 1Password University access, and learning sessions
  • Free 1Password account (and friends and family discount!)
  • Paid volunteer days
  • Employee-led DEIB programs and ERGs
  • Fully remote environment
  • Peer-to-peer recognition through Bonusly
  • Home office spending account

Company values

  • Keep It Simple
  • Lead With Honesty
  • Put People First

Funding (last 2 of 3 rounds)

Jan 2022

$620m

SERIES C

Jul 2021

$100m

SERIES B

$920m

Total funding

This company has top investors

Founders

Currently on the Board of Directors at GenomOncology. Previously Partner at Rosetta and Senior Development Manager at IBM Canada Ltd.

Currently Founder at Smart Moose Canada. Previously Consultant at WorldVision Canada, Java Developer at Sony and a Web Application Architect at AC Nielsen Canada.

Dave Teare

(Founder)

Currnetly a Technical Solutions Provider at Teare Software Solutions Inc. Previously CTO at Agile Web Solutions,Technical Architect at World Vision Canada and a Software Engineer at IBM Canada.