ARR

Cybersecurity firm 1Password, backed by celebrity investors, surpasses $400 million in annual recurring revenue (ARR). CEO David Faugno anticipates exceeding $1 billion ARR, driven by increasing cyber threats fueled by AI. 1Password secures over 1.3 billion credentials for 180,000 businesses including IBM and Salesforce. The company, valued at $6.8 billion, strategically appointed new executives and is considering a potential IPO in 2026 or 2027, focusing on sustained growth and product innovation.