1Password revenue hit $250M in 2024

1Password generates revenue from 100000 customers

1Password

Toronto, Ontario, Canada

About Company RevenueFundingTeamFounder/CEOCustomersCEO Net Worth

How 1Password hit $250M revenue and 100K customers in 2023.

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.

Founded

2005

Founded

Revenue

$250M

2023 Revenue

YOY

68.92%

YOY

Funding

$920M

Funding

1Password Revenue

In 2023, 1Password revenue run rate hit $250M in revenue.

  • 2023

    1Password hit $250M in revenue in 2023

  • 2022

    1Password hit $148M in revenue in 2022

  • 2021

    1Password hit $120M in revenue in 2021

  • 2005

    1Password launched in 2005 with $0 revenue

1Password Funding History

  • 2022 Series C

    1Password raised a Series C of in January, 2022

  • 2021 Series B

    1Password raised a Series B of in July, 2021

  • 2019 Series A

    1Password raised a Series A of in November, 2019

FUNDING DATE ROUND AMOUNT VALUATION
January, 19 2022 Series C
July, 27 2021 Series B
November, 14 2019 Series A

Team

1Password has 1,848 total employees and 58 sales reps that carry a quota. They have 100,000 customers an engineering team of 124 and a marketing team of 30.

DISTRIBUTION QTY
Total team size 1.8K
Engineer 124 (7%)
Sales 58 (3%)
Marketing 30 (2%)

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

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Customers

Churn

1Password Executives

Name Position Working Email Personal Email
Jeff Shiner CEO [email protected] -

1Password Employees

Name Position Working Email Personal Email
Jeff Shiner CEO [email protected] -

Frequently Asked Questions about 1Password

  • When was 1Password founded?

    1Password was founded in 2005.

  • How much revenue does 1Password generate?

    1Password generates $250M in revenue.

  • 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 1.8K employees.

  • Where is 1Password headquarters?

    1Password is headquartered at Toronto, Ontario, Canada

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