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As of 2026
Security & Privacy
Revenue: $100M - $500M
A comprehensive identity and password management platform that secures credentials, secrets, and AI/SaaS access for teams and individuals.
Overview
1Password is an enterprise-grade identity control and password management platform that provides a unified vault for storing passwords, software licenses, and sensitive data. Beyond basic password storage, it offers advanced features for managing AI token usage, SaaS spend, lifecycle governance, and developer secrets, helping organizations secure their credentials and mitigate identity risks across human and machine identities.
Founded year: 2005
Founder: Roustem Karimov, David Teare
Team size: 2000-5000
Popularity: Market leader in enterprise password and identity management
HQ: Toronto, Canada
Status: Active
Funding status: Late Stage
Revenue source: Subscriptions
Customer type: Enterprise
Funding: $920M total raised
Pricing: Subscription
Tech stack: PBKDF2-guarded encryption, Cloud-native architecture, REST APIs, SDKs
Platform: Web • Windows • macOS • Linux • iOS • Android
Integrations: Ansible, AWS, Terraform, Kubernetes, Slack, Okta, Azure, CircleCI, Jenkins, VS Code, Pulumi
Founder story
1Password was founded in 2005 (later incorporated as AgileBits) by Roustem Karimov and David Teare in Toronto, Canada. Originally a bootstrapped startup, it spent nearly two decades as a founder-led, product-focused company before shifting strategy in 2019 to embrace venture capital, eventually raising over $920M to scale its enterprise identity and security platform.
What it does
- Provides secure, encrypted vault storage for passwords, credit cards, and sensitive documents
- Offers AI and SaaS management to track token usage, spend, and budget risk across vendors
- Features automated user lifecycle management including onboarding, offboarding, and access reviews
- Includes a password generator and continuous monitoring for data breaches via the Watchtower feature
- Manages secrets for developers with integrations for infrastructure tools like Terraform and AWS
Who it's for
- IT and Security Teams
- Enterprise Businesses
- Software Developers
- Individual Users
Why it works
- Zero-knowledge encryption ensures that sensitive data is protected even in the event of a server-side breach
- Seamless cross-device syncing and universal autofill reduce friction in daily user workflows
- Advanced secret management and API governance help secure non-human identities (NHIs)
- Provides deep visibility into SaaS and AI application usage, helping teams optimize spend and security posture
- Robust compliance and policy enforcement tools allow IT to govern credentials at scale
Growth strategies
- Expanding enterprise- focused identity governance features to manage the sprawl of human and machine identities
- Strategic acquisitions of companies like Trelica, Kolide, and Passage to bolster SaaS management and authentication capabilities
- Building deeper partnerships with identity providers and CI/CD ecosystems to cement its role in the security stack
- Focusing on 'AI- era' identity strategy to help enterprises govern AI-enabled workflows and token consumption
Alternatives
Comparison overview
- 1Password stands out for its enterprise-grade identity governance, secret management, and AI-era SaaS management, whereas competitors like Bitwarden or NordPass often lean toward simpler consumer-focused password storage
- While some competitors offer more basic open-source models, 1Password prioritizes a proprietary zero-knowledge security model and seamless enterprise integrations.