• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Tech Talent Canada

 
  • News
  • Tech Cities
    • Toronto, ON
    • Calgary, AB
    • Vancouver, BC
    • Kitchener-Waterloo, ON
    • Ottawa, ON
    • Montreal, QC
    • Edmonton, AB
    • Victoria, BC
    • London, ON
    • Winnipeg, MB
    • Halifax, NS
    • St. John’s, NL
  • Interviews
  • Thought Leadership
  • Job Fairs
    • In-person Job Fairs
    • Virtual Job Fairs
  • Job Board
  • About
    • Contact

Toronto’s 1Password To Triple Headcount After Raising USD $620 Million

January 19, 2022 by Robert Lewis

Toronto password management platform 1Password has closed a massive USD $620 million Series C funding round that raises the company’s valuation to USD $6.8 billion.

The investment was led by Iconiq Growth, with participation from Tiger Global, Lightspeed Venture Partners, Backbone Angels, and Accel, which led the company’s Series A and B rounds.

Other investors taking part include CrowdStrike CEO George Kurtz, General Motors CEO Mary Barry, and LinkedIn chairman Jeff Weiner. The round also attracted investment from investors Ryan Reynolds, Robert Downey Jr, and Justin Timberlake.

1Password will use its newly-raised funds to drive continued growth; the company said it plans to triple its engineering and customer support teams, to build out its business-focused Events API functionality that provides visibility into successful and failed sign-in attempts, and to finance more acquisitions.

Founded in 2005, 1Password was born out of a recognized need – the struggle of keeping up with passwords.

Unlike other tech startups, 1Password didn’t worry about impressing early employees with an amazing office. They did exactly the opposite and encouraged employees to work remotely, allowing them to choose the location, environment, schedule, and approach that works best.

While the COVID-19 pandemic has made this flexible work environment more and more common, 1Password was a trailblazer.

Filed Under: News Tagged With: 1Password

Primary Sidebar

Stay Connected

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter

Tech Champions

Latest Posts

Canada May Be Dropping the Ball on AI Training. Will Our Talent Fall Behind?

In the mid 90's, barely one-third of Canadians had ever experienced the … READ FULL ARTICLE about Canada May Be Dropping the Ball on AI Training. Will Our Talent Fall Behind?

  • Botpress to Double Team After $34M Raise to Power AI Agent Infrastructure
  • Helcim Expands Hiring as Fintech Firm Grows in Calgary
  • Withe to Host Tech Career Fair During Toronto Tech Week

Copyright © 2025 Incubate Ventures | Decoder.ca · Techcouver.com · Calgary.tech · Fintech.ca · CleanEnergy.ca | Privacy

Privacy Policy