Current Events > 1Password just raised $200 million in venture capital

(+) Yeah! (+)

https://techcrunch.com/2019/11/14/fourteen-years-after-launching-1password-takes-first-funding-a-200m-series-a/

1Password has been around for 14 years, and the founders grew the company the old-fashioned way without a dime of venture capital. But when it decided to take venture help, it went all in. Today, the company announced a $200 million Series A from Accel, the largest single investment in the firms 35-year history.

Dave Teare says he and his co-founder Roustem Karimov were resolving a major pain point for users around password creation and management when they launched in 2005, and that the Toronto company has been profitable from day one. Thats not something you hear from startups all that often.

I thought this company was dead. What the hell does a password management tool need $200 million for?
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To sell your data

cant wait for their 500 billion IPO in a few years
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are they bringing on adam neumann as ceo
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