1Password Hits $500 Million ARR Milestone

Toronto-based cybersecurity firm 1Password announced on Thursday it crossed $500 million USD in annual recurring revenue, up from $400 million a year ago. The company added 20,000 business customers and grew clients paying over $100,000 annually by 40 percent. Growth stems from developer and AI security tools, with autonomous AI agent usage soaring 500 percent year-over-year.