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Industry
Data Processing & Outsourced Services
Funding
Late Stage
Team size
1,250
Revenue
$250M - $500M
1Password has raised a total of $950 million from a diverse group of investors, reflecting strong market confidence in its products. The latest investment round raised $620 million on December 17, 2021, and underscores the company’s potential for further growth. This financial backing allows for sustained product innovation and market expansion, solidifying the company’s competitive positioning. Investors such as Lightspeed Venture Partners, Ashton Kutcher, and Chris Evans provide not only capital but also strategic expertise and industry connections. Their involvement has helped shape the company’s strategic direction and market approach. The high-profile nature of these investors enhances credibility and opens doors for additional market opportunities. Their backing has been instrumental in advancing 1Password’s product development and market penetration. The investment strategy aligns closely with 1Password's vision of enhancing secure, human-centric solutions. Capital is allocated toward product enhancements, expanding team capacity, and scaling operations globally. The infusion of funds supports research and development while bolstering marketing and customer support initiatives. This robust funding foundation is key to maintaining the company’s leadership in the cybersecurity domain.
1Password is a comprehensive password management and security platform designed to meet the needs of both individual users and enterprises. The platform integrates advanced security protocols with a user-friendly interface to facilitate efficient access management and data protection.
1Password utilizes a subscription-based pricing model tailored for individuals, families, and businesses, offering a 14-day trial and leveraging a product-led growth strategy to drive user adoption. Key revenue drivers include upsells, enterprise deals, and strategic partnerships that enhance customer acquisition and retention.
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