Cybersecurity Firm 1Password Closes $620 Million Funding Round as Capital Flows Into Sector

Cybersecurity Firm 1Password Closes $620 Million Funding Round as Capital Flows Into Sector
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Toronto-based 1Password has closed a $620-million Series C funding round that brings the cybersecurity firm’s valuation to $6.8 billion.

The new round was led by ICONIQ Growth, with participation from others including Tiger Global, Lightspeed Venture Partners, and Backbone Angels. Accel, which led the company’s Series A and B, also invested in the round.