Posted on 11/06/2025 12:56:46 PM PST by Red Badger
Key Points
Cybersecurity startup 1Password, by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said.
CEO David Faugno told CNBC the company is benefiting from a shift in the threat landscape due to artificial intelligence and more complex protection needs.
Big deals from Palo Alto Networks and Alphabet, and initial public offerings from Netskope and SailPoint have also put the cybersecurity in the spotlight this year.
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Ryan Reynolds (L), Scarlett Johansson (C), and Matthew McConaughy Reuters
Cybersecurity startup 1Password, backed by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday.
“We believe we’re at a pretty significant inflection point in our journey,” CEO David Faugno told CNBC. “We’re set up for this next wave of disruption, which I think is an even bigger opportunity for us.”
Faugno said he expects the company to surpass a billion dollars in ARR over the next “several years,” benefiting from a shift in the threat landscape due to artificial intelligence and more complex protection needs.
In 2023, 1Password announced that it had surpassed $250 million in ARR.
AI innovation has accelerated demand for better cybersecurity tools to counteract sophisticated and complex cyberattacks. Big deals from Palo Alto Networks and Alphabet , and initial public offerings from Netskope and SailPoint have also put the sector in the spotlight.
Toronto-based 1Password was founded in 2005 and counts IBM , Perplexity AI, Salesforce and the Golden State Warriors among its customers, and it’s also signed a multiyear deal with Formula 1 team Oracle Red Bull Racing. The company says it secures more than 1.3 billion human and machine credentials and works with 180,000 business customers.
Additionally, 1Password on Thursday announced it is bringing on former ChargePoint and Barracuda Networks executive Michael Hughes. Former Qualtrics and SAP executive John Torrey will join as chief business officer.
Faugno said both executives complement the company’s strategy to lure larger enterprise customers.
Over the last year, 1Password has undergone a major C-suite shake-up.
Longtime leader Jeff Shiner, who ran 1Password for 13 years, transitioned into executive chair of the board in July. Faugno, who had been promoted to co-CEO a few months earlier, took over the role solely at that time. Faugno joined 1Password in 2023 as president and operating chief.
To date, 1Password has raised about $950 million and is valued at $6.8 billion, according to Pitchbook data. Other investors include actor Justin Timberlake, comedian Trevor Noah, CrowdStrike CEO George Kurtz and investment firm Iconiq, according to Pitchbook.
Faugno told CNBC that the company is weighing a possible IPO in 2026 or 2027, but isn’t “rushing out to go public.” He said 1Password remains focused on providing the best tools for its customers.
“We control our own destiny,” he said. “From a profitability perspective, we have investors that are playing the long game with us.”
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How is Reynolds Gin company doing?
BRAVE AI:
Aviation American Gin, co-owned by actor Ryan Reynolds, was acquired by the global spirits company Diageo in a deal worth up to $610 million in August 2020...........
This guy is rolling in dough!...............
I was changing passwords, before I was paid to change passwords . . . .
BRAVE AI:
Ryan Reynolds’ net worth is estimated at $350 million, according to multiple sources including Celebrity Net Worth.
This wealth stems primarily from his entrepreneurial ventures, notably the sale of his gin company, Aviation Gin, for $610 million to Diageo in 2020, and the $1.35 billion acquisition of his wireless carrier, Mint Mobile, by T-Mobile in 2023.
While his acting career, particularly the Deadpool franchise which grossed over $1.5 billion worldwide, contributed significantly to his earnings, his business acumen and strategic investments are considered the main drivers of his financial success.
Some reports suggest his net worth may be higher, with one estimate placing it at upwards of $400 million as of October 2025, potentially influenced by recent business developments.
It’s just good practice.
We HAVE TO change our passwords here at work every 6 months..............
I will have to go to a different password keeper, in time.
That sucks.
Good for him. He’s also smart enough to keep his politics to himself, whatever they are.
I used 1Password when I had an Apple Laptop. It was developed natively for Apple. I switched to Windows and found that 1Password was developed using Delphi.
Delphi was a runtime system with their own development environment using the Pascal language.
It worked but that was just about all. It had none of the native windows UI features like a C# Windows Presentation Foundation App would use.
I switched to Dashlane and haven’t looked back.
I don’t know if it still uses Delphi on Windows but it wasn’t great.
I always trust celebutards with my cyber security.
I have LastPass which is $6-7 per month but thinking about switching to Apple iPhone Password that’s free, I think.
He’s very effectively monetizing his name and celebrity.
Both Mint Mobile and Aviation Gin featured him as the main sponsor. I bought a bottle of Aviation because I like gin, and I generally like him as an actor. It was OK. I didn’t buy another and returned to my preferred brand.
So he collects a whole bunch of customers for Mint, basis purely on his celebrity, and then sells that customer list to T-Mobile.
He’s not Steve Jobs and his products aren’t new iPhones, but he’s still getting paid $$$!
Good for all of them. I would rather see people like that taking care of business and not virtue signalling.
Yep it is free but sadly limited to passwords only. 1Password allowed you to store Product serial numbers and such. Used it for years when the Data was stored on iCloud.
Passwords allows you to use face or fingerprint, works seamlessly and it is free so jump in. Safari saved passwords in setting so seems like all they did was make an app to display and access them.
I used 1Password up to version 6, paid full price. Synched iPhone to Mac. I stopped after it went to a subscription model with data stored in the cloud.
Apple’s native password vault on MacOS and iOS is what I use now.
Matt McCaughney is a little bit out there but he seems to be a decent human.
What a coincidence. My password is 1Password
It used to be Louvre...
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