Fourteen years after launching, 1Password takes a $200M Series A

INSUBCONTINENT EXCLUSIVE:
But when it decided to take venture help, it went all in
he and his co-founder Roustem Karimov were resolving a major pain point for users around password creation and management when they launched
in 2005, and that the Toronto company has been profitable from day one
He helped grow the company from 20 employees when he came on board in 2012 to 174 today
He says that as he helped foster this growth, he saw a tremendous market opportunity in front of him
business to grow faster and take advantage of the market potential
And we need to grow, and grow aggressively, which is not just hiring people, but also getting the right partners, finding the right leaders
a statement.The founders actually stumbled onto the idea of 1Password in 2005
They were running a web development consultancy when they decided to resolve a long-standing problem of logging into multiple websites, a
particularly acute issue given their day jobs.They decided to build a tool to help, and when they put it out in the world, they found lots
of other people had the same problem
They ended up closing the web consultancy to build 1Password, and the rest, as they say, is history.