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Developer of password management software designed to save and remember passwords. The company's platform allows users to maintain strong credentials, manage access to services and report on usage and also provides private, secure and user-friendly password management, thereby helping businesses prevent breaches and reclaim time spent guessing or resetting passwords.
Last updated
In 2024, 1Password's revenue reached $318M. The company previously reported $250M in 2023. Since its launch in 2005, 1Password has shown consistent revenue growth.
1Password reached a $6.8B valuation in 2022, set during its Series C round.
1Password has raised $920M in total funding across 3 rounds, most recently a $620M Series C round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series C | $620M | $6.8B | 9% | |
| 2021 | Series B | $100M | $2B | 5% | |
| 2019 | Series A | $200M | $1B | 20% |
CEO
CEO and Chairman of the Board for 1Password, the world’s leading password and secrets management company. 1Password protects more than than 80,000 business customers worldwide, including IBM, Slack, PagerDuty, WealthSimple and Gitlab. Shiner previously held leadership roles at Rosetta and IBM Canada. 49ers fan. Lego addict. Proud father.
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
1Password serves 150K customers.
1Password employs approximately 2.8K people as of 2026, up from 2.4K in 2024, including 58 sales reps that carry a quota. It serves 150K customers that rely on its solutions.
1Password generates an estimated $318M in annual revenue.
1Password was founded by Jeff Shiner.
The CEO of 1Password is Jeff Shiner.
1Password raised $920M across 3 rounds.
1Password has 2.8K employees.
1Password is headquartered in Toronto, Ontario, Canada.
1Password operates across multiple industries. Browse revenue, funding, and growth data for 1Password in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$6.8B
2024 Revenue
$318M(Est.)
Customers
150K
Funding
$920M
Avg ACV
$2.1K
Team · 2025
2.8K
Founded
2005
| Year | Milestone | Source |
|---|---|---|
| 2024 | 1Password Hit $318m revenue in October 2024 | Estimated |
| 2023 | 1Password Hit $250m revenue in November 2023 | |
| 2022 | 1Password Hit $148m revenue in November 2022 | |
| 2021 | 1Password Hit $120m revenue in July 2021 | |
| 2005 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 2.8K employees (November 2025) | |
| 2024 | Reached 2.4K employees (September 2024) | |
| 2024 | Reached 2.3K employees (August 2024) | |
| 2023 | Reached 1.8K employees (December 2023) | |
| 2023 | Reached 1.8K employees (December 2023) | |
| 2023 | Reached 1K employees (July 2023) | |
| 2022 | Reached 472 employees (January 2022) | |
| 2021 | Reached 382 employees (July 2021) | |
| 2019 | Reached 174 employees (November 2019) |
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