12/13/2022 0 Comments 1password psstGrowing its team by over 300% to 570 employees.Building a world-class executive team, including CFO, CRO, CTO, CMO, and Chief Product Officer.Growing its business customer base to more than 100,000 companies, adding notable new customers include Datadog, Intercom, PGA, Snowflake, and Wealthsimple.Accelerating expansion – especially in its B2B business, where it grew north of 70% year over year. Over the last 24 months, the company has achieved significant growth milestones including: 1Password stands out with its track record of scaling world-class solutions built around the biggest risk and opportunity: humans.” “Blurred lines between work and home, the explosion of cloud apps and surging threats have made protecting our digital lives more important than ever. “As a pioneering high-growth company that’s seizing a major market, 1Password is an ideal fit for Tiger Global,” said John Curtius, a partner at Tiger Global. By making safe online behavior second nature, 1Password is not only protecting individuals but also the enterprises where they work,” said Will Griffith, a founding partner at ICONIQ Growth, who will join 1Password’s board as part of this investment. “In conversations with more than one hundred CISOs, CIOs, CTOs, developers, and IT leaders, we were impressed by their overwhelmingly fierce passion for 1Password’s ability to balance strict security standards with a profound understanding of how humans behave. This round also attracted investment from leaders in media and entertainment including Ryan Reynolds, Scarlett Johansson, Robert Downey Jr., Matthew McConaughey, Chris Evans, Rita Wilson, Ashton Kutcher, Trevor Noah, Justin Timberlake and Pharrell Williams. 1Password will use this additional capital infusion to develop and scale human-centric security solutions for all, focusing on helping people easily protect their most sensitive data and information while seamlessly integrating between their work and personal lives. #1password psst series#Accel, who led the company’s Series A and B, is also participating in the round alongside Slack Fund, another previous investor. The round is the largest raised by a Canadian company, and reinforces 1Password’s security and privacy leadership. Led by ICONIQ Growth, with participation including Tiger Global, Lightspeed Venture Partners, Backbone Angels, and Salesforce Ventures. 1Password, the leader in human-centric security, closed a $620 million (USD) Series C that raises the company’s valuation to $6.8 billion.
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