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AI Security Demand Propels 1Password ARR Past $500 Million

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AI Security Demand Propels 1Password ARR Past $500 Million

Identity security firm 1Password has seen its annual recurring revenue increase 90% year-over-year to over $500 million, driven by customers’ need to secure the artificial intelligence agents and workflows they build, the company said in a Thursday (Oct. 22) press release.

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As these customers adopt 1Password’s developer and AI security tools, the number of monthly active human users of these tools grew 200% year over year, and the number of monthly active non-human identity users of the tools grew 500% year over year, according to the release.

Customers using the developer and AI security tools generate ARR growth that is five times faster than that of customers who don’t use the tools, per the release.

1Password CEO David Faugno said in the release that unlocking the potential of AI agents requires trust, and people must maintain control of what these agents can access and do.

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“1Password has spent the past 20 years earning trust by providing people with simple, secure access to their digital world, and we are now applying that foundation to secure how agents get work done for people while keeping them in control,” Faugno said.



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