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'This investment from a range of industry luminaries signals a commitment to protecting businesses and families.

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'Over the last year our personal and professional lives have merged, making passwords even more essential to accessing apps and services we love-and need-to get work done,' said Jeff Shiner, CEO of 1Password. Including the new funding, 1Password has raised $300 million to date.As a profitable company, 1Password was not actively looking for new investment, however the funds and expertise of new partners will be used to continue to accelerate the company's business growth and to continue delivering cybersecurity solutions to keep businesses and families safe online. Gerhard Eschelbeck, former chief information security officer at Google LLC and Robert Vis, founder and CEO of MessageBird B.V. Jay Parikh, former vice president of engineering at Facebook Inc. Mike Cannon-Brookes and Scott Farquhar, Co-CEOs of Atlassian Corporation PLC Kevin Hartz, co-founder and chairman of Eventbrite Inc. Anthony Caselana, founder and CEO of Squarespace Inc. and Harley Finkelstein, president of Shopify Stewart Butterfield, co-founder and CEO of Slack Inc. That list includes Tobias Lutke, CEO of Shopify Inc. The list includes previous and new investors in the company. “Over the last year, our personal and professional lives have merged, making passwords even more essential to accessing apps and services we love - and need - to get work done,” Jeff Shiner, chief executive of 1Password, said in a statement.ġPassword also said it’s tapping into the expertise of a range of enterprise technology leaders.

Notable customers include International Business Machines Corp., Slack Inc., PagerDuty Inc. The company now has more than 90,000 business customers and has crossed $120 million in annual recurring revenue. Since raising $200 million in 2019, 1Password has seen strong growth. The service offers pre-built integration for Splunk and Elastic.ġPassword has also launched a full-featured Linux Desktop Application and integrations with Slack and Rippling that provide access to 1Password to tens of millions of employees. The API brings that data into Security Operations Center and Security Information and Event Management tools. Events in 1Password are logs of successful and failed sign-in attempts. Other recent product launches include 1Password Events API, an application programming interface that gives security and information technology teams the ability to correlate 1Password events with other data sources to understand how workers are using 1Password. Secrets Automation focuses on “secrets,” small files that organizations’ backend applications use to secure the data they work with. The service provides a centralized interface that allows administrators to maintain their companies’ website security certificates, API tokens and other cybersecurity-related files such as encryption keys in one place. In April, 1Password moved into infrastructure security with a service that helps enterprises protect secrets such as encryption keys. The company also offers the ability for customers to store files and other sensitive data through secure vaults. It does so while offering a secure vault with AES 256-bit encryption to secure user information.

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The company’s software allows users to create passwords and auto-fill logins for sites and applications, negating the need to remember passwords for each site.

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Also participating in the round were Sound Ventures, Skip Capital and a number of prominent enterprise and consumer technology executives.įounded in 2005, 1Password offers password management to businesses and consumers.

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Password management software provider 1Password announced today that it has raised $100 million in new funding to accelerate the company’s business growth and keep delivering new cybersecurity solutions.Īccel led the Series B round.