Valuation · 2022
$6.8B
2024 Revenue
$318M(Est.)
Customers
150K
Funding
$920M
Avg ACV
$2.1K
Team · 2025
2.8K
Founded
2005
1Password Revenue, Valuation & Funding (2024)
1Password generated an estimated $318M in annual revenue in 2024. Source: GetLatka estimate
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
1Password generated an estimated $318M in annual revenue in 2024. The company previously reported $250M in 2023. Since its launch in 2005, 1Password has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | 1Password Hit $318m revenue in October 2024 | Estimated |
| 2023 | 1Password Hit $250m revenue in November 2023 | Press Release |
| 2022 | 1Password Hit $148m revenue in November 2022 | Not recorded |
| 2021 | 1Password Hit $120m revenue in July 2021 | Not recorded |
| 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 | Source |
|---|---|---|---|---|---|
| 2022 | Series C | $620M | $6.8B | 9% | Not recorded |
| 2021 | Series B | $100M | $2B | 5% | Not recorded |
| 2019 | Series A | $200M | $1B | 20% | Not recorded |
Founder / CEO
Jeff Shiner
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.
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 | Source |
|---|---|---|
| 2025 | Reached 2.8K employees (November 2025) | |
| 2024 | Reached 2.4K employees (September 2024) | Forbes |
| 2024 | Reached 2.3K employees (August 2024) | |
| 2023 | Reached 1.8K employees (December 2023) | Latka Top 250 List |
| 2023 | Reached 1.8K employees (December 2023) | Latka Top 250 List |
| 2023 | Reached 1K employees (July 2023) | Not recorded |
| 2022 | Reached 472 employees (January 2022) | Not recorded |
| 2021 | Reached 382 employees (July 2021) | Not recorded |
| 2019 | Reached 174 employees (November 2019) | Not recorded |
Frequently Asked Questions about 1Password
What is 1Password's revenue?
As of 2024, 1Password generated an estimated $318M in annual revenue.
What is 1Password's valuation?
As of 2022, 1Password was valued at $6.8B.
Who founded 1Password?
1Password was founded by Jeff Shiner.
When was 1Password founded?
1Password was founded in 2005.
Who is the CEO of 1Password?
The CEO of 1Password is Jeff Shiner.
How much funding does 1Password have?
1Password raised $920M across 3 rounds.
How many employees does 1Password have?
As of 2025, 1Password had 2.8K employees.
Where is 1Password headquartered?
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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