Valuation
$6.8B
2024 Revenue
$318M
Customers
150K
Funding
$920M
YOY
27.2%
Avg ACV
$2.1K
Team
2.8K
Founded
2005
How 1Password CEO Jeff Shiner grew to $318M revenue and 150K customers in 2024.
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
1Password Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | 1Password Hit $318m revenue in October 2024 | |
| 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 |
1Password Valuation, Funding Rounds
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 | Quote |
|---|---|---|---|---|---|
| 2022 | Series C | $620M | $6.8B | 9% | |
| 2021 | Series B | $100M | $2B | 5% | |
| 2019 | Series A | $200M | $1B | 20% |
Founder / CEO
Jeff Shiner
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
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| Advice for 20 year old self | - |
Customers
1Password serves 150K customers.
1Password Employees & Team Size
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.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about 1Password
What is 1Password's revenue?
1Password generates $318M in revenue.
Who founded 1Password?
1Password was founded by Jeff Shiner.
Who is the CEO of 1Password?
The CEO of 1Password is Jeff Shiner.
How much funding does 1Password have?
1Password raised $920M.
How many employees does 1Password have?
1Password has 2.8K employees.
Where is 1Password headquarters?
1Password is headquartered in Toronto, Ontario, Canada.
Compare 1Password to the industry
1Password operates across multiple industries. Browse revenue, funding, and growth data for 1Password in each sector below.
Data and Sources
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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