1Password tops $500M USD ARR on accelerating AI security demand

Toronto-based 1Password said it crossed $500 million USD in annual recurring revenue, up from $400 million a year earlier. The company added roughly 20,000 business customers to surpass 200,000 total and saw AI agent usage in its tools jump 500% year-over-year. It also launched a platform for deploying personal AI agents.

• ARR rose from $400M to $500M USD in a year
• Business customers now exceed 200,000, up ~20,000
• AI agent usage in its tools grew 500% year-over-year
• Customers paying over $100K annually up more than 40%