Proud to Work

Culture leader · Toronto · ON · SaaS

1Password

Turned a bootstrapped password manager into a remote-first security leader built on trust

1Password was founded in Toronto in 2005 by two couples and ran on its own revenue, profitably, for 14 years before taking outside capital. It now passes US$400 million in annual recurring revenue and secures 180,000 businesses. It has been remote-first from the start and treats trust as the core of how its team works.

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01 · Culture

How they work

Our view1Password worked remotely long before most companies did, and it ties that culture to trust and transparent expectations. Mediacorp named it one of Canada's Top 100 Employers for 2025, citing parental-leave top-ups to 100 per cent of salary, a home-office allowance and paid volunteer days. Staff also share in its success through an equity program.

Recognition

In their words

“Our purpose is to build a safer, simpler digital future for everyone”
— Company page source ↗
“Trust is everything. We do what we can to make employees feel valued and respected, and trust them to do their jobs however it best suits them.”
— 1Password blog (2021) source ↗
“Open communication and transparent expectations are at the center of our remote work culture.”
— 1Password blog (2021) source ↗
“At 1Password, I feel supported to be bold, learn, grow, and have meaningful impact.”
— Tré Bembry, Senior IT Engineer, on the careers page source ↗

In practice

  • Remote-first workRemote-first with hybrid options and a $500 annual home-office allowance; the company has worked remotely since well before 2019. (2025) source ↗
  • Parental leaveLeave top-up to 100 per cent of salary for 32 weeks for mothers and 16 weeks for fathers and adoptive parents, plus lifetime IVF coverage of up to $25,066. (2025) source ↗
  • Community givingUp to two paid volunteer days a year, with support for about 15 organizations, including PFLAG Canada and Girls Who Code. (2025) source ↗
  • LearningUp to $1,000 a year in tuition subsidies, leadership development, and learning programs focused on "skills, behaviors, and AI fluency." (2026) source ↗
  • Employee ownershipCompetitive pay with an equity program, plus retirement matching from the first day. (2026) source ↗
  • Wellness timeGenerous paid time off plus quarterly wellness days; new graduates receive five weeks of vacation after their first year. (2026) source ↗

02 · Capabilities

What they do best

Our view1Password grew from a consumer password manager into what it calls Extended Access Management, which secures credentials, devices and unmanaged apps across a whole company. Its newest work is aimed at giving AI agents trusted access. Business customers account for most of its revenue, including more than 30 per cent of the Fortune 100.

US$400M+Annual recurring revenue2025-11 source ↗
180,000Business customers2025-11 source ↗
1,400+ in five countriesEmployees2026 source ↗
2005Founded2026 source ↗

Simple security

Secures 1.3 billion credentials for 180,000 businesses and supports one million developers. source ↗

Extended Access Management

Its acquisitions of Kolide (device trust) and Trelica (unmanaged SaaS apps) extended the platform beyond passwords; Trelica moved the roadmap ahead by more than a year. source ↗

Access for AI agents

Positions its platform as trusted access "for people and AI agents," a focus led by the board's agentic-AI sponsor. source ↗

03 · Capital

Who backs them, and what they back

Venture-backedRaised US$920M · 2025-01 source ↗

Our view1Password reversed the usual startup sequence: it was profitable from its first year and bootstrapped for 14 years before raising a US$200-million Series A in 2019. It has since raised about US$920 million, including a US$620-million Series C at a US$6.8-billion valuation. It has used that capital to buy companies that extend its platform.

Funding

DateRoundAmountInvestors
2022-01Series CUS$620M at a US$6.8B valuationICONIQ Growth (lead), Tiger Global, Lightspeed Venture Partners, Backbone Angels, Accel source ↗
2019-11Series AUS$200MAccel (lead), Slack Fund, WndrCo, Atlassian co-founders Scott Farquhar and Mike Cannon-Brookes source ↗

Capital they deploy

  • Acquisition of TrelicaA cash-and-stock deal for the UK company that manages unmanaged apps; its largest acquisition by revenue. · 2025-01 source ↗
  • Acquisition of KolideBought the Boston-based device-security platform. · 2024 source ↗
  • Acquisitions of Passage and SecretHubEarlier deals that added passkey and secrets-management technology. · 2021–2022 source ↗
What we could not confirm (4)
  • Whether 1Password repeated as one of Canada's Top 100 Employers in 2026 (the current Mediacorp listing shows only The Career Directory 2026)
  • Series B amount and date (reported elsewhere as US$100M in 2021, led by Accel)
  • Exact dates of the Passage and SecretHub acquisitions
  • Celebrity investors such as Ryan Reynolds (reported by the trade press; not confirmed at a primary source)

Checked 2026-10-05