{"id":34748,"date":"2022-01-19T15:36:29","date_gmt":"2022-01-19T20:36:29","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=34748"},"modified":"2022-04-09T14:10:43","modified_gmt":"2022-04-09T18:10:43","slug":"1password-series-c-funding-round","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2022\/01\/19\/1password-series-c-funding-round\/","title":{"rendered":"1Password Series C Funding Round"},"content":{"rendered":"

Jeff Shiner<\/a> (tweet<\/a>, Hacker News<\/a>):<\/p>\n

\n

I’m delighted to announce that 1Password has raised $620 million in our latest investment round that values our company at $6.8 billion. This moment represents a lot of hard work by a lot of amazing people.<\/p>\n

Most days, I find myself too busy to truly reflect on all we’ve accomplished over the past 17 years. I think back to our tiny Macworld booth, or the weeks we’d spend at the Cupertino Inn working on our latest iOS or Mac release. It feels like yesterday that I was excited to cross the 100-employee threshold, yet here we are just a few years later approaching 600.<\/p>\n

[…]<\/p>\n

Admittedly, it seems peculiar for a consistently-profitable company to accept outside funding. But just like last time<\/a>, these partnerships make it possible for us to develop and scale human-centric security solutions for everyone.<\/p>\n<\/blockquote>\n\n

David Pierce<\/a>:<\/p>\n

\n

1Password has tripled in size in the last two years, up to 500 employees, and plans to double again this year — while also expanding the vision of what a password manager can do. 1Password has long been a consumer-first product, but the biggest opportunity lies in bringing the company’s knowhow, its user experience, and its security chops into the business world. 1Password already has more than 100,000 business customers, and it plans to expand fast.<\/p>\n

[…]<\/p>\n

“One is, continuing to invest in our team and double the size of our company, again, this year. Two is continuing to look at strategic acquisition. We made the acquisition last year with SecretHub for the secrets automation space. And then three, just have the courage capital to make the big bets that we need to enter new areas and really try and see how ambitiously we can hit those vision and mission goals.”<\/p>\n<\/blockquote>\n\n

Previously:<\/p>\n