1Password Raises $620M Series C

Password manager and digital vault providing secure credential storage and access management for individuals and businesses

Key Highlights

• Funding Amount: $620M Series C
• Valuation: $6.8B
• Headquarters: Toronto, Canada
• Founded: 2005
• Employees: 800-1200
• Total Raised: $920M

About the Funding Round

1Password has successfully closed $620M Series C in funding, marking a significant milestone in the company's growth trajectory. This investment will enable the company to accelerate product development, expand market reach, and strengthen its position in the cybersecurity sector.

Investor Syndicate

The round was backed by a prestigious group of investors:

• ICONIQ Growth
• Tiger Global
• Lightspeed Venture Partners

This diverse group of investors brings not only capital but also strategic expertise and valuable networks that will help 1Password achieve its ambitious goals.

Market Opportunity

The cybersecurity market continues to experience rapid growth, driven by increasing demand for innovative solutions and digital transformation across industries. 1Password's unique approach and proven technology position it well to capture significant market share in the coming years.

Company Background

Founded in 2005 and headquartered in Toronto, Canada, 1Password has established itself as an innovative player in the cybersecurity space. With 800-1200 employees, the company has built a strong team focused on delivering exceptional value to customers.

Next Steps

With this new funding, 1Password plans to:

• Accelerate product development and innovation
• Expand into new markets and geographies
• Grow the team across engineering, sales, and operations
• Strengthen partnerships with key industry players
• Scale infrastructure to support rapid growth

Industry Impact

This funding round represents a strong vote of confidence in 1Password's vision and execution. The investment will help drive innovation in the cybersecurity sector and create new opportunities for customers and partners.

For more information about 1Password, visit their website or contact their press office.