It was recently announced that General Motors CEO Mary Barra participated in the latest Series C funding for 1Password, a human-centric digital security company.
The Series C funding round raised nearly $620 million, bringing the 1Password company valuation to roughly $6.8 billion. The latest funding round was led by ICONIQ Growth, with participation from Backbone Angels, Salesforce Ventures, Tiger Global, and Lightspeed Venture Partners. Previous funding rounds were led by Accel, with further participation from Slack Fund.
The funding will go towards developing and bringing to scale 1Password’s “human-centric security solutions,” designed to protect customer data in both their work and personal lives.
The funding also attracted a variety of business leaders. In addition the GM CEO Mary Barra, the Series C funding round also attracted Executive Chairman at LinkedIn, Jeff Weiner, Former CEO and Chairman at The Walt Disney Company, Robert Iger, CEO at Articulate, Lucy Suros, and Co-founder and CEO of CrowdStrike, George Kurtz.
What’s more, several celebrities participated in the funding round, such as Scarlett Johansson, Ryan Reynolds, Matthew McConaughey, Robert Downey Jr., Chris Evans, Rita Wilson, Trevor Noah, Pharrell Williams, and others.
“Our mission has always been to ease the tension between security and convenience, and the opportunity to deliver on this has never been bigger for 1Password,” said 1Password CEO, Jeff Shiner. “We create products and solutions that improve upon and easily layer into a company’s existing security infrastructure, nurturing better habits for employees while strengthening a company’s security posture from within.”
Over the course of the last two years, 1Password has grown its B2B business by 70 percent year over year, as well as increased its business customer base to over 100,000 companies, including Snowflake, PGA, Datadog, Intercom, and Wealthsimple. 1Password has also grown its team to include 570 employees, a 300-percent increase, and launched a variety of new products.